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AgFuture FSA Partnership Loan Programs
Western AgCredit partners with the USDA’s Farm Service Agency (FSA) to make guaranteed loans to young, beginning and small customers. These guarantees help reduce the risk to Western AgCredit and provides a way for Association to pass those savings on to customers through reduced rates and loan concessions designed to help YBS operators.
FSA Guaranty Program
This allows for a loan for any ag-related purpose to have a guaranty to help manage risk.
- FSA agrees to guarantee a specified percentage of Western AgCredit’s loan against loss.
- The FSA guaranty program does not involve any direct loans from FSA.
- This program is subject to FSA lending limits.
FSA Down Payment Purchase Program
This loan is designed to help YBS operators purchase ag real estate and comes with the following terms.
- Borrower provides a 5% down payment of the real estate purchase price. 45% of the remaining purchase price is financed directly by FSA with a 20-year term. The remaining 50% is financed with a direct loan from Western AgCredit with a 30-year term.
- Under this program, the FSA guarantee fee is waived.
- This program is subject to FSA lending limits.
FSA Joint Financing Arrangement Program
This loan is specially for ag-real estate purchases.
- FSA will lend up to 50% (up to FSA maximum loan limit) of the purchase price with a second lien behind Western AgCredit.
- This is a direct loan with FSA on up to a 40-year term with another direct loan from Western AgCredit with up to a 30-year term.
- No down payment is required.
- This program is subject to FSA lending limits.
Apply Today
For questions or to apply, please contact your local branch or click on the loan inquiry button below.
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