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 about SPECIALIZED FACILITIES available to help you

Jim Pendleton - MrMortgageTM

SPECIALIZED FACILITIES

Property Eligibility:

• see Full -Time Farms

Producer may or may not own animals; if animals not owned,

evidence of fi nancial and capital strength of the integrator required

• Minimum Credit Score 660

• Cash out not available

Poultry Swine Dairy

Max LTV/CLTV < 65/90%existing

< 75/90 new

< 65/90%existing

< 75/90 new

< 65/90%

Term in years 10 - 15 10 or 12 10 - 15

Amoritzation

should refl ect remaining

economic life

10 existing

15 new

10 or 12 15

Proforma Current Ratio >1.00 >1.00 > 1.25

Proforma Debt/Asset < 65% < 60% < 50%