|
|
                |
Loan Programs Ag New Mexico is dedicated to the financial needs of farmers, ranchers and rural residents. As a result, we offer a wide variety of financial products-including short- or intermediate-term agricultural loans to meet virtually every farm and ranch need, and rural resident home loans for the special needs of financing homes in the country and rural communities. We also offer a variety of agribusiness loans. Our products and services are supported by personal attention from experienced and friendly staff, fast turnaround and competitive loan rates. We invite you to contact an Ag New Mexico representative and discover how we can help you. Ag New Mexico provides credit for all types of agriculture-related enterprises. We're experts in the field, with a long-term commitment to agriculture and commercial specialists who know how to work through the details. Our significant lending capacity and competitive cost of capital means we can provide diverse loan packages for any size of business. Our agribusiness customers range from the large-scale individual producer to multinational corporate enterprises. They are involved in almost every facet of the food chain-meats and protein, dairy, timber, grain marketing, processing and milling, manufacturing, seed, fertilizer, ethanol and more-across the United States. Ag New Mexico offers a wide variety of loans to meet the needs of agricultural producers. These include operating loans, installment loans and real estate loans. Every loan product is supported by our personal attention, quick turnaround and competitive loan rates. Operating Loans Short-term financing covers expenses incurred in the normal course of a crop or livestock operating cycle. These include items such as feed, seed, fertilizer, autos and trucks, equipment and facilities. These loans feature a fixed rate, and you have the choice of either a revolving or non-revolving line of credit. You pay interest only on loan funds in use, not on the entire loan amount.
Installment Loans This financing product is designed for intermediate-term needs such as machinery and equipment, vehicles, real estate, facilities, breeding livestock and refinancing debt. These products are offered in fixed or variable rates.
Real Estate Loans These long-term loans are used for the purchase of farmland, ranches, acreages and home construction in rural areas. Loan terms range from a minimum five-year to a maximum 30-year maturity. You can also lock in a fixed interest rate, or request a variable-rate loan. Ag New Mexico finances homes only in the country, so we know the features that make country properties unique from those in the city - septic systems, water wells, rural construction needs, and more. While these differences can make some lenders hesitant to finance or offer a good interest rate on a long-term loan, we believe it's these "differences" that make country homes appealing. Eligibility Ag New Mexico offers conventional home loans on qualifying properties for:
Fixed- and Adjustable-Interest-Rate Loan Packages Ag New Mexico offers convenient flexible terms on rural and country homes. Here are a few of the features you'll appreciate:
What Else Can You Expect From Ag New Mexico?
We understand the dream of living in the country, and we have the tools and experience to help make your dream a reality. Financial Tools Click here to calculate a loan payment or down payment. Apply
for a loan here |
