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Northwest Ohio | I bought 40 acres in 2015 using FSA loan. Only had to put 5% down. Have a 20 year loan with FSA at 1.5% and the rest I did with AG credit on 30 yr. Paper work wasn’t terrible and took about 3 months. They did have to inspect the property to make sure there weren’t and endangered species, oil wells and other stupid things on property. Ag credit interest rate is high but do get patronage.
A lot depends on your local FSA office. My county did not process loans but neighboring county did. Ended up being a good thing because that was what one gal there specialized in. | |
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Buying first piece of ground: How to go about it?
