FSA Guarantee Loan

The Farm Service Agency Farm Ownership Guarantee Program enables lenders to extend credit to farm and ranch owners-operators. Whether you are purchasing real estate, expanding your operation or restructuring current debt, the FSA Guarantee Loan Program can provide the financial resources to meet your goals.

Benefits of the FSA Guarantee Loan:

  • Competitive interest rates
  • Fixed or variable interest rates products to choose from
  • No prepayment penalties
  • Monthly, semi-annual or annual payments
  • Amortization to 30 years

Qualifications for the FSA Guarantee Loan:

  • Citizen of the United States
  • Acceptable credit history
  • Not delinquent on any Federal debt
  • Unable to obtain a loan without utilizing the FSA Guarantee Program
  • Upon loan closing be the owner-operator or tenant-operator of a family farm

Non-Guaranteed Agricultural Real Estate Loans

Long-term loan secured by mortgages or deeds of trust to finance the purchase of farms, ranches, improvements or for refinancing or consolidation of existing farm debt. Choose from a variety of long-term fixed or variable interest rates products, to fit your operation.

Benefits of Non-Guaranteed Agricultural Real Estate Loans:

  • Competitive rates
  • Fixed or variable interest rate products to choose from
  • No prepayment penalties
  • Monthly, semi-annual or annual payments
  • Amortization to 30 years

Qualifications for Non-Guaranteed Agricultural Real Estate Loans:

  • Citizen of the United States
  • Acceptable credit history
  • Debt to asset ratio maximum of 50 percent
  • Minimum debt coverage of 1.5 to 1.0
  • Loan to value ratio up to 65 percent

Beginning Farm and Ranch Loans

A focus of the Farm Service Agency (FSA) is to assist farmers and ranchers who are in their first 10 years of operation by providing access to capital for operating or farm ownership. Two of the funding sources they offer to acquire real estate are the Down Payment Program or Joint Financing Arrangement. Pacific Intermountain Mortgage will participate with FSA by providing financing to complete the purchase transaction. We are committed to helping new generations of farmers and ranchers enter the Agriculture industry. Please contact us for additional information and learn how your operation can benefit from a participation loan with PIMC.

A beginning farmer is an individual or entity who:

  • Has not operated a farm or ranch for more than 10 years
  • Does not own a farm or ranch greater than 30 percent of the average size farm in the county as determined by the most current Census for Agriculture at the time the loan application is submitted
  • Meets the loan eligibility requirements of the program to which he/she is applying
  • Substantially participates in the operation

QuickBooks Instruction

As a service to our clients we have knowledgeable staff available to answer questions about QuickBooks, fix errors, assist in completing daily bookkeeping activities, or problems you may experience. Pacific Intermountain Mortgage Company also hosts QuickBooks classes at trade shows or upon request, may host them for groups that our clients belong to. We believe education is the key to success and we want to help our clients succeed.

 

About Farmer Mac

Farmer Mac is the stockholder-owned company created to deliver capital and increase lender competition for the benefit of American agriculture and rural communities. For more than a quarter-century, Farmer Mac has been a vital partner helping America’s rural lenders meet the evolving needs of their customers, bringing the financial strength of the nation’s premier secondary market for agriculture right to their customers’ farms.

Lenders of all sizes use Farmer Mac’s broad portfolio of loan products to offer more financial choices to their rural customers, helping them keep pace with today’s capital-intensive agricultural industry.

How Farmer Mac works for you

Farmer Mac has a wide range of loan products, and we help you select the rate and terms that best match your financial needs. We complete the Farmer Mac application and approval process, and then make you a loan that Farmer Mac purchases. And we can answer any future questions you may have about the loan we have placed with Farmer Mac.

This partnership with Farmer Mac allows us to bring the financial strength of the nation’s premier secondary market for agriculture right to your farm. Ask us about bringing the certainty of a Farmer Mac long-term fixed rate mortgage to your balance sheet. It is a smart choice for today’s agriculture.