AmeraAG
Financial Services
Farm, Ranch & Home Financing

FREQUENTLY ASKED QUESTIONS

Are your interest rates competitive with my local bank? Yes, they are often lower than local rates

I have had my mortgage with the local bank for years. Why should I change? In this era of uncertainty, many banks are being merged and some banks will fail. You might not get your loan renewed at a favorable rate, or not at all.

Don’t I need to renew every year or two with your program? We have agriculture mortgage programs from three years to twenty years. Loan term loans remove much of your risk so you can concentrate on what you do best – managing your agricultural interests. We also have short term financing.

Why long term? I want to pay off the loan as soon as possible. There is not any prepayment penalty on most of our loan products. Pay addition amounts toward the principle whenever you wish.

Where do you get your money? We have major sources such as insurance companies and pension funds that prefer agricultural investments.

I have a combined poultry and cattle operation. Can you finance the poultry facilities? Yes, there are mortgage programs designed for facilities such as poultry, dairy, and other similar operations.

Do you provide operating loans? No, only mortgages based on land or facilities. Your local bank is still the best place for short term loans. In the present environment  with current lending rules, most banks prefer short term financing and prefer not to lend long term.

What do I need to get started? We need your last several years Schedule F or other tax documents. If you have a recent appraisal, that also will accelerate the loan process.

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AmeraAg is a division of Amcorp, Inc.

Provides Trusted Quality Financial Services Nationwide since 1993.