FSA Guaranteed Farm and Ranch Loans
Janus Ag Finance is your source for FSA guaranteed farm loans
however funding is not available in all states. We participate with FSA on the guaranteed loan program by funding loans up to $875,000 for commercial farms and ranches. Our investors are Preferred FSA Lenders, which means they have greater authority in underwriting and approving FSA loans. We loan on real estate under the FSA guaranteed loan program to cooperate with FSA on Beginning Farmer loans.
FSA loans are designed for borrowers who cannot qualify for private sector loans. However, because the USDA guarantees up to 90% of the loan for the investor, interest rates cannot exceed the average rate which the investor charges its regular customers, thereby insuring beginning farmers and other borrowers their interest rate will be fair and competitive. We loan only on real estate; no operating, equipment, or livestock loans.
We offer joint lender programs in which we combine investor loans with FSA guaranteed loans to offer combined loans up to 90% of the property value and maximize loan amounts for beginning farmers to as much as $400,000.
The FSA guaranteed loans provide a source for borrowers who cannot qualify for conventional farm financing.
- Minimum credit score is 580
- Loans up to 90% of appraised value with compensating strengths
- Beginning Farmer loans with terms up to 25 years and 4% interest
- FSA guaranteed loans to $875,000
- Up to $250,000 on Down Payment Farm Ownership loans
- No prepayment penalty
- Combination first and second mortgages for higher total loan to value
- US Citizens only
- Minimum loan $200,000 (Janus Ag Finance guideline-not FSA requirement)
- Loans are coordinated with local FSA office for expedited application procedures
- Joint Financing Plans to allow for beginning farmers to borrow in excess of $400,000
- FSA loan guarantee fee of 1 percent of guaranteed portion of loan
- FarmerMac/FSA combination loans up to $1,600,000 at 85% of total property value
To visit the FSA loan program web site please click here.
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