FSA Loans

FSA Direct Loans

Loans up to $400,000. Farm Purchase, Amortized up to 40 years. Another $400,000 for Livestock and Equipment purchase or refinance, amortized for 7 years, or for annual operating using any combination of the $400,000 total amount.

FSA Bank Guaranteed Loans

  • Maximum loan amounts up to $2,251,000
  • Amortizations up to 30 years
  • Fixed and variable rate options
  • Flexible payment terms
  • We only use FSA Preferred Lenders, which means a faster loan approval for you

Qualifications for an FSA Guarantee

  • Be a citizen of the United States, or a legal resident alien
  • Have an acceptable credit history
  • Have the legal capacity to incur the debt
  • Be unable to obtain the loan without a guarantee
  • Not have caused FSA a loss by receiving debt forgiveness on more than 3 occasions
  • Not be delinquent on any federal debt
  • Have the ability to repay the loan
  • Provide sufficient security for the loan
  • Be an active farmer

BEGINNING, FIRST TIME FARM LOANS

A beginning farmer is an individual or entity who:

  • Must participate in the business operation of a farm for at least 3 years out of the 10 years prior to the date the application is submitted
  • Does not own a farm or ranch greater than 30 percent of the average size farm in the county as determined by the most current Census for Agriculture
  • Has not operated a farm for more than 10 years
  • Substantially participate in the farming operation of the newly purchased land
  • Meets the FSA loan eligibility requirements of the program to which he/she is applying

If the applicant is an entity, all members must be related by either blood or marriage and all must be considered beginning farmers.

  • Applicant must make a cash down payment of at least 5 percent of the purchase price
  • Agri-One Financial and participating lender will partner with FSA to provide financing for the remaining 95 percent portion of the purchase price

 

The Lender (1st Mortgage Loan)

  • Loan Term is 30 Years
  • Flexible Payment Structure
  • Multiple Interest Rate Products Available (up to first 15 years of loan term can be fixed)
  • Competitive Interest Rates
  • $333,650 Maximum Loan Amount1 (In some cases this can be higher if purchase price slightly exceeds $667,000)

 

Farm Service Agency (2nd Mortgage Loan)

  • Loan Term is 20 Years
  • 2.50% Fixed Interest Rate!
  • $300,000 Maximum Loan Amount1

 

Example: 

  • $332,500 – 1st Mortgage Loan (Lender)
  • $299,250 – 2nd Mortgage Loan (FSA)
  • $33,250 – Applicant Down Payment
  • $665,000 – Purchase Ag Real Estate

The Lender provides financing for up to 100% of the farm or ranch purchase price in conjunction with FSA.

The Lender (1st Mortgage Loan)

  • $300,000 – 1st Mortgage Loan (Lender)
  • $300,000 – 2nd Mortgage Loan (FSA)
  • $600,000 – Purchase Ag Real Estate
  • Competitive Interest Rates

Farm Service Agency (2nd Mortgage Loan)

  • Loan Term is up to 40 Years
  • 2.50% Fixed Interest Rate!
  • $300,000 Maximum Loan Amount

Example:

  • $300,000 – 1st Mortgage Loan (The Lender)
  • $300,000 – 2nd Mortgage Loan (FSA)
  • $600,000 – Purchase Ag Real Estate