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Cattle Boards
Beginners Board
Should I bother with a FSA Farm Ownership loan?
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<blockquote data-quote="bmoore87" data-source="post: 1136702" data-attributes="member: 21684"><p>My brother and his wife are getting a Begining Farmer loan through them currently on a place since most banks won't work with you unless you have a large down payment which with land prices in Iowa is pretty hard just starting out. It has been a 4-5 month process with the paperwork, appraisers and general messing around. </p><p></p><p>I don't know if I would do it based on the guidelines you may have to follow from the FSA after you get the loan and would probably try for one of those owner financed agreements if available.</p></blockquote><p></p>
[QUOTE="bmoore87, post: 1136702, member: 21684"] My brother and his wife are getting a Begining Farmer loan through them currently on a place since most banks won't work with you unless you have a large down payment which with land prices in Iowa is pretty hard just starting out. It has been a 4-5 month process with the paperwork, appraisers and general messing around. I don't know if I would do it based on the guidelines you may have to follow from the FSA after you get the loan and would probably try for one of those owner financed agreements if available. [/QUOTE]
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Should I bother with a FSA Farm Ownership loan?
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