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It can't be this difficult...what am I missing
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<blockquote data-quote="somn" data-source="post: 514774" data-attributes="member: 3721"><p>As a recipient of several FO loans thru The FSA 2 things about you throw a red flag up. The first being your need for FSA money. With such high downpayment money and also considering your credit score. You are not exactly the canidate they are looking for. Ontop of that you are without the three years farm management. However your need for government help thru a FO loan is more the reason they turned you down than anything. Despite what some have said about a FSA FO loan I believe it to be a very good program for those with the need. Without both of my FO loans I would never have been as successful as I am today. Very good program I would reccomend it to any young farmer who has the need and the ability to repay. As far as some who have said the strings attached will haunt you for the rest of your life I never had that problem. By the way that 4% money for 40 years only last as long as you need it. When your net value to debt ratio gets to a certain point you will be instructed to find a commercial lender to take over the loan. You will get a FSA gauruntee however from FSA for the note.</p></blockquote><p></p>
[QUOTE="somn, post: 514774, member: 3721"] As a recipient of several FO loans thru The FSA 2 things about you throw a red flag up. The first being your need for FSA money. With such high downpayment money and also considering your credit score. You are not exactly the canidate they are looking for. Ontop of that you are without the three years farm management. However your need for government help thru a FO loan is more the reason they turned you down than anything. Despite what some have said about a FSA FO loan I believe it to be a very good program for those with the need. Without both of my FO loans I would never have been as successful as I am today. Very good program I would reccomend it to any young farmer who has the need and the ability to repay. As far as some who have said the strings attached will haunt you for the rest of your life I never had that problem. By the way that 4% money for 40 years only last as long as you need it. When your net value to debt ratio gets to a certain point you will be instructed to find a commercial lender to take over the loan. You will get a FSA gauruntee however from FSA for the note. [/QUOTE]
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It can't be this difficult...what am I missing
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