USDA farm loans


 Call 631-451-7400  FSA

USDA Farm Loans
Call  631-451-7400
The finance Experts
Serving clients since 1987
Financial Services of America     -  All 50 states

What is a USDA Loan?

A USDA Guaranteed Loan is Government insured 100% purchase loan. These Loans are serviced by direct lenders                         ...that meet federal guidelines and only offered in rural areas.


Your FARM SERVICE guaranteed loan Here

Jim Pendleton - MrMortgageTM


Program Eligibility:

Must be owner/operator of farm operation

• First time farmers eligible

• Land must produce at least $5,000 annually

• CGB AFS must have fi rst mortgage position on Real Estate Collateral

• Supports loans that may otherwise not qualify for conventional

fi nancing

Credit Standards:

• Minimum Credit Score 625

• Acceptable credit history

Must be US Citizen and in good standing with state and

local FSA

• Minimum Pro Forma Debt Coverage 1.20:1

• Not deliquent on any federal debt

• No outstanding recorded judgements

• Is not able to obtain sufficient financing without a guarantee

Documentation Required:

Complete Farm Application (original)

• Current balance sheet, signed

• 3 year’s historical tax returns

• Projected income and expense

• 3 year’s historical balance sheets

• 4 year historical production

Any debts over $1,000 must be verifi ed

Maximum LTV 85%

Maximum loan amount $1,112,000

Terms and amortizations up to 25 years

Full open pre-payment on all loans