Real Estate Loans
Heritage Bank uses a variety of loans such as Farmer Mac, FSA Farm Ownership, and conventional loans to provide the maximum benefit to the ag borrower.
Farmer Mac Benefits
- Available to small and/or part-time farmers (where off farm income is a major factor)
- Also available to large full farm operations
- Larger acreage properties for both residential and agricultural purposes
- Long term financing of ag real estate
- Fixed interest for 5 or 25 years
- Amortization of 15 or 25 years
In addition to a Farmer Mac loan our FSA preferred lender status allows fast approval for a Farm Ownership loan. Funds from a Farm Ownership loan cover:
- Farmland purchases
- Buildings following construction or remodeling
- Development of farmland to promote soil and water conservation
- Refinance of existing debt
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