Have you always had the dream of owning acreage along with your home so you could raise alpacas, have your own grape vineyard so you may make your own wine, or just to be able to watch your kids run barefoot through your own meadow when playing? 

                                        What ever type of kids you may have?

Like many areas of rural America, Southern Oregon offers beautiful home parcels surrounded by even more beautiful forest lands. It is an equestrian lover's paradise. The Ruch/Applegate area offers some gorgeous properties only 30 minutes from downtown Medford or Ashland.

A Part Time Farm/Ranch Loan may bridge the gap between traditional financing of property with small acreage and large agricultural loans.  This loan is perfect for the lifestyle of the "gentleman farmer" or anyone who cannot obtain a traditional mortgage due to "too much acreage", non contiguous parcels, or mixed use. Refinancing this type of property is also available, and rates are in range with other non-conforming loan programs.

Key Criteria is:

• Single-family, owner-occupied, detached primary residence or second home located on the property
• Loan-to-value up to 90% with a maximum loan amount of $3.0 million
• Private mortgage insurance required with a loan-to-value greater than 80%
• Contributory value of the dwelling should represent a minimum of 30% of the appraised value
• No acreage limitation
• Income from the property may be used to qualify
• Non-contiguous properties are eligible
• Property must have agricultural potential and borrower must have intent to do something ag in nature

Although there may be a program that uses the property to meet the majority of the qualifying guidelines, most programs require borrowers fully qualify with their income and asset documentation, and require good credit (some programs have a minimum score requirement of 620, others 680).

Come check us out!