Are you looking for a farm loan? You may have found just what you need with the FSA. They offer two loan programs. The first is a direct program, which means you go directly through the FSA. You can borrow less money, but you may get lower rates and\/or fees. The second program is a guaranteed program, which you obtain from an FSA-approved lender. You may be able to borrow more, but you\u2019ll need more money down on the loan and may pay more fees.<\/p>\n
\nLooking for Current Mortgage Interest Rates? Click Here.<\/a><\/p>\n Keep reading to learn the difference between the loans and what they can do for you.<\/p>\n In order to be eligible for \nFSA Direct loans<\/a>, you must meet certain requirements.<\/p>\n If you qualify, you can get a term of up to 40 years on the FSA Direct Loan.<\/p>\n \nClick to See the Latest Mortgage Rates.<\/a><\/p>\n FSA Guaranteed Loans come from any FSA-approved lender. You don\u2019t go through the FSA, but you will have to meet the FSA requirements as the FSA guarantees a portion of the loan. This means that they will pay the lender back a portion of the amount they lose should you default on the loan. In order to qualify, you must:<\/p>\n If you borrow the money for farm ownership, you can borrow it for up to 40 years. If you use the loan program for an operating loan, you may only have a term of up to 7 years.<\/p>\n As you can see, there are a few options when you need money for your farm. Both options use the FSA, but one is direct and the other is through \nFSA-approved lenders<\/a>. Either way, you must meet the FSA requirements in order to get the funding that you need.<\/p>\nFSA Direct Loans<\/h2>\n
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FSA Guaranteed Loans<\/h2>\n
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