American Farm Mortgage & Financial Services

What American Farm Mortgage & Financial Services does

American Farm Mortgage & Financial Services is a privately held, Louisville, Kentucky-based agricultural lender and wholly owned subsidiary of Legence Bank, a state-chartered bank headquartered in Eldorado, Illinois with origins dating to 1906. The company originates farm real estate loans, government-backed agricultural financing, and equipment leasing products for farmers, ranchers, and recreational land buyers across all 50 U.S. states. Its product portfolio comprises six primary loan offerings — Agriculture Real Estate Loans, Beginning Farmer & Rancher Loans, FSA Guaranteed Loans, AgXpress quick-turnaround loans, Recreational Land Loans, and Agriculture Leasing — augmented by a 24/7 online banking platform, a loan payment calculator, and DTN-integrated commodities and weather data resources.

The business operates a hybrid go-to-market model combining direct employees in Louisville and southern Illinois with a nationwide independent agent network that originates loans under a 50/50 origination fee split plus ongoing excess servicing commissions. Loan officers benefit from in-house underwriting authority, FSA Preferred Lender status in 32 states, and Farmer Mac Approved Lender status, enabling faster approvals and access to secondary market liquidity through Farmer Mac and Prudential Insurance. AgXpress delivers decisions within hours to one business day for qualified borrowers with 720+ credit scores, addressing speed-of-funding gaps in conventional agricultural lending.

Revenue is generated through three primary streams: transaction-based loan origination fees shared with agents (typically ~1% of loan value, e.g., $15M loan yielding ~$75K in fees), recurring monthly loan servicing fees tied to outstanding portfolio balances (e.g., 0.30 basis points on a $30M book generating ~$90K annually per agent), and gains on secondary market loan sales to Farmer Mac and Prudential. Pricing is customized to borrower creditworthiness, collateral, and loan type with no publicly disclosed standard rate card. The company has 11-50 employees and is regulated as a subsidiary of an FDIC-supervised state bank.

Name

American Farm Mortgage & Financial Services

Legal name

American Farm Mortgage & Financial Services

Website

https://americanfarmmortgage.com

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

11–50 employees

Short description

American Farm Mortgage & Financial Services is a private agricultural lender and wholly owned subsidiary of Legence Bank, providing farm real estate loans, equipment leasing, and FSA-backed financing to farmers, ranchers, and recreational land buyers across all 50 U.S. states through direct staff and a nationwide independent agent network.

Ownership category

akta.pro rank

Product category

Agricultural Lending

NAICS

Credit Intermediation and Related Activities (522), Mortgage and Nonmortgage Loan Brokers (522310)

SIC

Mortgage Bankers & Loan Correspondents (6162), Loan Brokers (6163)

akta.pro primary industry

Government-Insured Mortgage Origination (FHA/VA/USDA) (FSALAAAI)

akta.pro secondary industries

Government-Insured/Guaranteed Loan Servicing (FHA/VA/USDA) (FSALAEAC), Government Wholesale Lending (FHA/VA/USDA) (FSALACAE)

Keywords

• Agricultural real estate loans
• Farm financing
• Agricultural lending
• Farm equipment leasing
• FSA guaranteed loans

Headquarters

HQ city

Louisville

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Loan Origination Fees: Agents collect origination fees on farm loans, shared 50/50 with American Farm. Fees are typically collected at or prior to loan closing. Example: $15M closed with 1% origination fee yields $75,000 to agent.
2. Loan Servicing Fees: Servicing fees paid monthly based on outstanding loan balance. Agents earn excess servicing commissions when customers make full payments. Example: $30M portfolio with 0.30 basis points yields $90,000 annually in servicing commissions.
3. Secondary Market Loan Sales: Some loans are sold after closing into the secondary market to investors including Farmer Mac and Prudential Insurance. Others may be partially sold or participated to others.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

American Farm Mortgage & Financial Services provides agricultural real estate loans and leasing products to farmers and ranchers across the United States. The company specializes in farm purchase and refinance financing, government-backed FSA loans, beginning farmer programs, fast-turnaround AgXpress loans, recreational land loans, and farm equipment leasing. Products are distributed through a nationwide network of independent agents and direct employees, supported by an online banking platform for loan servicing.

Product overview

American Farm Mortgage & Financial Services operates as a portfolio of agricultural lending products designed to serve farmers and ranchers nationwide. The core offering consists of six primary loan products: Agriculture Real Estate Loans (fixed/adjustable rate farm purchase financing), Beginning Farmer & Rancher Loans (down payment assistance for new operators), FSA Guaranteed Loans (government-backed financing with Preferred Lender status), AgXpress Loans (fast turnaround financing), Recreational Land Loans, and Agriculture Leasing (equipment/machinery financing through Legence Bank). These products are distributed through a combination of direct employees located in Louisville, KY and southern Illinois offices, as well as an independent Agent Partnership Program. The company provides supplementary digital services including Online Banking (24/7 account access), a Loan Payment Calculator, and access to DTN Resources (Commodities Lookup and Weather Information) to support customers throughout the loan lifecycle.

Differentiator

Problem solved

Functional benefit

Products and services

• Agriculture Real Estate Loans Real estate secured revolving line of credit offering fixed rates (7, 10, 15, 20, 25, and 30-year periods) and adjustable rates (1, 3, 5, 10 and 15-year periods) for purchasing or refinancing farm and ranch properties across the United States.
• Beginning Farmer & Rancher Loans Financing program with down payment assistance for new farmers, featuring joint financing arrangements with FSA, including a Down Payment Program (Option 1) with up to 95% financing and a Joint Financing Arrangement (Option 2) providing up to 100% financing.
• FSA Guaranteed Loans Farm Service Agency backed loans with maximum amounts up to $2,343,000, amortizations up to 30 years, and fixed/variable rate options. American Farm is an FSA Preferred Lender in 32 states, enabling faster loan approval.
• AgXpress Loans Quick financing product with turnaround time within a few hours to one business day, offering choice pricing for lower interest rates, fixed/variable/adjustable rates, minimal documentation, and maximum loan size of $5 million per applicant within a 12-month period.
• Recreational Land Loans Competitive rate financing for purchasing or refinancing land for recreational use including timber, open land, cropland, hunting, fishing, and Conservation Reserve Program (CRP) properties, with customized terms and quick approval process.
• Agriculture Leasing Equipment and machinery leasing program through Legence Bank offering competitive lending and leasing options for farm equipment, irrigation equipment, grain bin facilities, and machine sheds, with customizable terms to fit operation needs.

Quantifiable outcome

• Response to all inquiries within one business day (24-Hour Response Promise)
• +1 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Two partnerships are on record, tiered core.

• Farm Service Agency (FSA)coreStrategic or Co-development PartnerFSA Guaranteed Loans program where the government guarantees 90% of losses after collateral liquidation. American Farm is an FSA Preferred Lender in 32 states, enabling faster approvals. Can operate in all 50 states with FSA programs including Down Payment Program and Joint Financing Arrangement for beginning farmers.
• Federal Agricultural Mortgage Corporation (Farmer Mac)coreStrategic or Co-development PartnerSecondary market investor and government-sponsored enterprise known as the 'country cousin' to Fannie Mae and Freddie Mac. Farmer Mac purchases loans and guarantees from American Farm, providing liquidity for agricultural lending. American Farm is a Farmer Mac Approved Lender.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Farm Credit Mid-America: Farm Credit Mid-America is a direct peer - a Farm Credit System lender providing agricultural real estate loans, operating loans, and equipment financing to farmers across multiple U.S. states. Both companies serve the same farmer/rancher customer base with similar mortgage and lending products, and compete head-to-head for FSA-guaranteed and conventional farm real estate loans.
• Compeer Financial: Compeer Financial is a direct peer - a Farm Credit System cooperative providing agricultural lending including farm real estate mortgages, operating loans, and leasing across the Midwest. It is highly comparable in product mix, customer segment (farmers/ranchers), and use of government-backed loan programs, making it a primary competitive benchmark.
• Rabo AgriFinance: Rabo AgriFinance is a direct peer - the U.S. agricultural lending arm of Rabobank providing farm real estate loans, operating lines, and equipment financing to U.S. producers. Highly comparable as a specialized agricultural lender targeting similar customer segments with comparable product breadth.
• Farm Credit Illinois: Farm Credit Illinois is a direct regional peer - a Farm Credit System association serving Illinois farmers with real estate loans, operating loans, and crop insurance. Comparability is strong given shared focus on agricultural real estate financing in a state where American Farm has direct office presence (southern Illinois).

Broad incumbents

• AgriBank: AgriBank is a broad incumbent - part of the Farm Credit System, providing wholesale funding and capital markets services to Farm Credit associations across the U.S. Comparable as a larger institutional agricultural lender operating in the same space, but with a wholesale rather than direct-to-farmer model.
• MetLife Agricultural Investments:

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCRpMJOeccUawWGjDeuwaekw
• Facebookfacebook.com/AmericanFarmMortgage
• LinkedInlinkedin.com/company/american-farm-mortage-co-inc
• Instagraminstagram.com/american_farm_mortgage
• Xx.com/american_farm

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about American Farm Mortgage & Financial Services