Refinance Your
Farm or Land Loan
Lower your payment, pull cash for operations, or restructure a maturing balloon. We work with multiple underwriters to find you the best solution possible.
AgLoans.com is not a bank or lender. Submitting information does not guarantee approval.
When Refinancing Makes Sense
Agricultural borrowers refinance for several distinct reasons, each with different underwriting considerations. Knowing which one fits your situation shapes the loan structure and the documents needed.
Rate-and-Term Refinance
Replace an existing loan with a more favorable rate or term without taking cash out. Common when rates have moved down, when a shorter-term note is approaching maturity, or when moving from a variable rate to a fixed rate.
Cash-Out for Operations
Use equity in appreciated farm real estate to fund operating expenses or invest in infrastructure. Lenders evaluate the combined loan-to-value and debt-service coverage after the cash-out.
Balloon Refinance
Many agricultural loans are written with balloon payments at year 5, 7, or 10. When the balloon approaches, a refinance can replace the note before the lump sum is due, if the lender approves it.
Debt Consolidation
Consolidating higher-cost operating debt under farm real estate can reduce total debt service. Lenders evaluate the blended loan-to-value and whether farm income supports the consolidated loan.
$500K–$25M
Loan requests we review
Ag real estate
Helps secure the loan
All 50 states
Where we can help
1 business day
Typical time to hear from us
What Lenders Look at on a Refinance
Agricultural refinance underwriting evaluates several factors beyond what a purchase loan requires. The lender sets the requirements:
Loans That Can Be Refinanced
Farm & Ranch Real Estate
The most common refinance category. The lender sets the rate, term, and structure on qualifying properties.
Operating Debt
Higher-rate operating lines or seasonal loans can sometimes be consolidated into a farm real estate refinance when there is enough equity and income coverage.
Every refinance needs to meet our minimums: $500,000 or more, with agricultural real estate to help secure the loan.
See also: Farm Loan Calculator, Farmland Purchase Loans, Farmer Mac Loans, How AgLoans Works.
What You'll Need
To start your inquiry
- Your current loan: balance, rate, and when it matures or balloons
- Roughly what the property is worth
- Why you want to refinance (lower payment, cash out, balloon, consolidation)
- Estimates are fine
Later, if you move forward
The formal application may ask for:
- Your current note or loan statement
- Financial statements (balance sheet and income)
- Recent tax returns
- Current debts and annual payments
- Everyone who will borrow or guarantee the loan
The exact list depends on the lender and the program. Our team will tell you what's needed.
How AgLoans Helps With a Refinance
AgLoans is not a lender. We help you prepare your request and work with multiple underwriters, so you're not applying lender by lender on your own.
Your Current Note
We'll ask about your current loan — rate, term, balance, and any prepayment penalty — so it's clear whether a refinance is worth pursuing.
Multiple Underwriters
We work with multiple underwriters to find you the best solution possible. Nothing goes to underwriting until you say it's ready to go.
Start Your Loan Inquiry
The inquiry collects the basics. Our team reviews it and reaches out, typically within one business day.
Common Questions About Farm Loan Refinancing
Can I refinance my existing farm loan?
Often, yes. Agricultural borrowers refinance for a better rate or term, cash for operations, or to consolidate debt. The lender decides, based on the property, the existing loan balance versus appraised value, and the borrower's debt-service coverage.
Is there a minimum loan size?
Yes. Our minimum thresholds are a loan amount of $500,000 or greater and agricultural real estate to help collateralize the loan. We review requests from $500,000 to $25 million.
When does it make sense to refinance a farm loan?
Refinancing can make sense when current rates are meaningfully below your existing rate, when you need cash to fund operations or improvements, when a balloon is coming due, or when you want to consolidate higher-cost debt under your farm real estate.
Are there prepayment penalties on farm loans?
It depends on the loan. Many agricultural real estate loans have a prepayment penalty in the early years, often one that steps down each year, or a yield-maintenance provision. Check your current note before you refinance; the penalty is part of the math.
Will starting an inquiry affect my credit?
No. There's no credit pull to start. A credit check comes later in the process, and only after you check the box that authorizes it.
Who decides whether I'm approved?
The lender. AgLoans is not a lender. We prepare your information and work with underwriters; the lender reviews your formal application and decides whether to offer credit and on what terms. Nothing goes to underwriting until you say it's ready to go.
Ready to Refinance Your Farm Loan?
Tell us about your current loan, and our team will help you explore refinance options.
Answer a few quick questions. It's free, there's no credit pull to start, and estimates are fine.
Rather talk? Call anytime. If we miss you, leave a message and we'll call you back by Tuesday, September 29. Or email info@agloans.com.
AgLoans.com is not a bank or lender. Submitting information does not guarantee approval.