Part-Time Farms & Rural Home Loan Program

This loan program was created for borrowers who earn the majority of their income by means other than farming.  This program is designed for rural properties with homes that have excess acreage.

Property must include a primary or secondary residence.

Property must be located in a rural area or outside city limits.

We have competitive fixed and adjustable rate products available.

We offer easy monthly payments.

No prepayment penalties.

Where Should the Home Be Located?

The home may be located in any rural area or in a town not exceeding 2500 in population.  If the borrower is a farmer the 2500 population limit does not apply.

Types of Properties That May Be Financed

We have products available for the purchase or refinance of a single-family home, modular, or double wide manufactured home.  Outbuildings can also be included.  There are no limitations on the number of acres, however, the value of the home should comprise at least 30% and ideally 50% of the value of the property.  Building site loans on which the borrower plans to build or purchase a home are also available.

How Much Can I Borrow?

The actual maximum loan amount will vary by the loan type.  And of course, according to the borrower's personal information, as each loan is based on individual circumstances that are unique to each request.  In addition, mortgage insurance may be required on loans with a high loan to value ratio.

Flexible Loan Terms:

Fixed Rate: 10, 15, 20, and 30 Year Loans

Adjustable-Rate: (up to 30 years), including annual adjustment following fixed terms of 1, 3, 5, 7, 10, or 15 year terms.




Today's Rates:

Mtg Loan    Rate  APR
30-yr Fixed5.97%6.17%
15-yr Fixed5.74%6.04%
1-yr Adj5.18%6.43%
* national averages

Basic Pre-Approval

Get the Best Mortgage Rate!

Tell us a little about your current needs and we can use that
information to match you with just the right loan.
 
Tell us about your loan needs.
*Reason for loan (purch, refi, cash out):
*Value of property:
*Type of property:
*Amount you need to borrow:
Type of loan wanted (30 Yr, 15 Yr, ARM, Int. Only):

How can we get in touch with you?
*Name:
*Email:
Phone:
Address:
City:
*State:

Tell us about your credit history.
*Credit History (Excellent, Good, Average, Poor):

Note: Fields with an * are required


Rought Mortgage Auditing & Financial Services, Inc. 909 Broadway, Suite 3 Yankton, SD 57078-3547
Phone: Fax:

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