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FSA guaranteed loan limit increases

Wadena,Minnesota 56482 http://www.wadenapj.com/sites/all/themes/wadenapj_theme/images/social_default_image.png
Wadena PJ
FSA guaranteed loan limit increases
Wadena Minnesota 314 S. Jefferson 56482

USDA Farm Service Agency (FSA) lending limit for guaranteed loans will be increased to $1,214,000 effective Oct. 1.

The lending limit increases every year according to an inflation index. The maximum combined guaranteed and direct farm loan indebtedness will also be increased to $1,514,000.

As a reminder, the one-time loan origination fee charged originated fee charged on FSA guaranteed Farm Ownership and Operating loans will increase from 1 percent to 1.5 percent of the guaranteed portion of the loan, for loans obligated after Oct. 1.

For more information about this, please contact your local USDA Service Center.

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