Full-time Farm: This program is for the full-time farmer or landowner leasing their ground on cash rent or share-crop basis.
Offered in conjunction with real estate loans
Normally files Schedule F or E with their Federal tax returns
Farms full-time and depends on income from the land to make payments
Operating Loan: This line of credit is provided to customers for financing farm or ranch operating needs on an annual basis.
Offered in conjunction with real estate loans
Crops or livestock normally taken as collateral
Equipment Loan: Equipment loans are provided for the farm customer to finance farm or ranch equipment needs.
Offered in conjunction with real estate or operating loans
New or used equipment
Fast Track: Reduced Credit information and appraisal requirements for loans meeting guidelines.
55% maximum loan-to-value
Minimum credit score 680
Residential Loan Programs for Rural or Farm Areas
Rural Home: Our Rural Home program is for those living in a rural area or town with a population not exceeding 2,500. This program is ideal for country homeowners.
Primary residence with minimal farm type features
Maximum loan amount of $417,000
Part-time Farm: This program is ideal for country homeowners or weekend farmers who own or wish to purchase a primary residence or second home with acreage and pursue agricultural production on a smaller scale.
Property may have vineyards, permanent plantings or specialized crops
Maximum loan amount of $3.0 million
Multiple homes and non-contiguous acreage eligible
Bare Land/Lot: The Bare Land/Lot program is for those who want to purchase bare land with the intention of building a primary residence on the property sometime in the future.
No limit on acreage
Intent to farm the property if appraised value exceeds $123,500
Construction/Permanent: This program is available for the customer building a home in the country.
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Six month construction period
Offered only with our pre-approved permanent financing
Manufactured Homes: Manufactured Home loans are for the customer purchasing or building a manufactured home on acreage.
Must be on permanent foundation
Must be doublewide or larger
There are some other singlewide mobile home programs available
Reduced Doc: Must be eligible for Boardwalk Mortgage’s Rural Home, Part-time farm or Bare land/lot Programs.
