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WC MN | FSA only does 300k the rest has to be financed by a financial institution. Usually with an FSA guarantee sold off to Farmer Mac 2 with a 30 year fixed rate, or Cofi as FSA will not allow the other lender to have a balloon payment. Rates for banks portion are going to be around 5.5-6.5% depending on what they want for a margin.
Edit to add: beginning farmer rate is 1.5% 20 year am 5% down. FSA direct with joint financing is 2.5% on a 40 year am no down pmt but you give up everything but your personal vehicle up to 150% ltv. Also remember that FSA will try to "graduate" you down the road and make you look at financing the loan conventionally.
Edited by TJWeber 10/16/2018 11:39
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Possible land purchase
