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<blockquote data-quote="OldCrow" data-source="post: 943867" data-attributes="member: 18672"><p>Jake,</p><p></p><p>My wife and I just went through the process and closed last Friday. We submitted all the paperwork back in March just to let you know the time frame it takes, but it could take longer according to the FSA agent(up to 12 months depending on what time of the year it is). I had a great experience working with the local FSA. Granted it is a lot of paperwork, but that is it, just paperwork. Who wouldn't take a few extra hours to save thouasands of dollars over the life of a loan. For me it was a comparison of FCS at 4.25 to% to 3% at FSA. It is going to save us almost $2000 in interest the first year alone which is well worth the time it takes. There are no hidden gimics although the FSA program I used did require me to have 1.5 times the amount of original farm purchase price in colatoral. Overall it went good, on a scale from 1-10 for ease I would say an 8. They send you all the forms stating what is needed from you, what takes up time is if you don't have what is asked for then it can become a back and forth game. If you have any questions they should be glad to help. One of the reasons they exist is to help farmers across this great nation and not to forget it's our taxmoney that pays them. <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":)" title="Smile :)" loading="lazy" data-shortname=":)" /> </p><p></p><p>OldCrow</p></blockquote><p></p>
[QUOTE="OldCrow, post: 943867, member: 18672"] Jake, My wife and I just went through the process and closed last Friday. We submitted all the paperwork back in March just to let you know the time frame it takes, but it could take longer according to the FSA agent(up to 12 months depending on what time of the year it is). I had a great experience working with the local FSA. Granted it is a lot of paperwork, but that is it, just paperwork. Who wouldn't take a few extra hours to save thouasands of dollars over the life of a loan. For me it was a comparison of FCS at 4.25 to% to 3% at FSA. It is going to save us almost $2000 in interest the first year alone which is well worth the time it takes. There are no hidden gimics although the FSA program I used did require me to have 1.5 times the amount of original farm purchase price in colatoral. Overall it went good, on a scale from 1-10 for ease I would say an 8. They send you all the forms stating what is needed from you, what takes up time is if you don't have what is asked for then it can become a back and forth game. If you have any questions they should be glad to help. One of the reasons they exist is to help farmers across this great nation and not to forget it's our taxmoney that pays them. :) OldCrow [/QUOTE]
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