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.


News Fast track Farm Loans

Jim Pendleton - MrMortgageTM


Program Eligibility:

• Low Doc program for customers with excellent credit and low LTV’s

• Permanent plantings do not qualify

• Specialized facilities qualify only if improvements are less than 40%

of the appraised value

• Must exhibit characteristics of a profi table operation

• Improvements must be < 40% of appraised value (excluding primary


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

Fast Track 1 Fast Track 2

Max loan size $300,000 $1,000,000

Loan-to-Value Ratio 55% 55%

Debt to Asset Ratio 45% 40%

Current Ratio N/A 1:1

Debt Service Coverage N/A N/A

Property Debt Coverage N/A N/A

Credit Scores (FICO) 700 720

Financial Statement Required Yes Yes

Tax Return 1 yr. 2-yrs.

10, 15, and 20 year terms; 10,15,20, and 25 year amortizations

Monthly, annual, and semi-annual payments available

Open prepayment on any payment date