Land Loan Refinancing

Common reasons include:

• Lower your payments: This will reduce your fixed costs and breakeven to make your operation more competitive. 
• Provide cash flow relief: If the cash going out of an operation is greater than the cash coming in, the money has to come from somewhere. Without a solution like refinancing, producers might be forced to dip into working capital or make decisions that aren't in the best interest of their business, such as selling a load or two of grain just to pay bills.
• Help retain working capital. Cash liquidity, or working capital, is important to every operation. Working capital is your short-term risk-bearing ability, and it is hard to run a business without it.

Fees associated with real estate often include title work, appraisal, abstracts, filing/recording, flood determination, closing fee, buyer's search and secondary costs/fees and others. Fees are the responsibility of the buyer unless otherwise outlined or negotiated. 

*Does not apply to farm construction loans or Rural 1st loans.

Yes, if your land has appreciated in value and you have equity, you may be eligible for a cash-out refinance. This lets you borrow against the land’s equity to get cash for other uses, like improvements or debt consolidation.

We do not charge prepayment penalties after the first year for paying off your loan early.