Farmer Mac Discontinues Correspondent Relationships

Erik Sandstrom

Mortgage Expert - Call 1-619-379-8999
Staff member
Loan Safe Mortgage
Farmer Mac, one of the leading lenders in the Agricultural space are now discontinuing their relationships with correspondent lenders. The decision was made and the last day to lock a loan is June 29, 2018. If you have one of these loans in process please make sure the loan officer you're working with obtains loan approval and locks the loan prior to that date.

It's unfortunate they are exiting this space as many banks/lenders help homeowners that are seeking out properties that may have working farms on them. I have personally financed a couple avocado farms as well as ranch properties.

I am getting additional updates here shortly to help consumers find options for these types of properties.
 

Erik Sandstrom

Mortgage Expert - Call 1-619-379-8999
Staff member
Loan Safe Mortgage
Farmer Mac has decided to only originate home loans themselves. As mentioned above they are ceasing their correspondent relationships. If you are interested in obtaining a loan on a home that has agriculture or livestock, visit Farmer Mac here for more information: https://www.farmermac.com/
 
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