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Eastern Oregon | That was how I bought my farm: FSA beginning farmer loan. I had a 50% down payment, but the lenders were not knocking my door down, so I took the easy route with the fsa. It's got some perks, like paid classes and technology, but they really socked it to me when I paid my loan off early (10% capital penalty!). I fought that for a long time, because the contract illustrated a 1% penalty, but it was futile because you're dealing with a government entity that can do whatever they want and you have little recourse. | |
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first time land buyer advisement
