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FSA guaranteed loan limit increases

Wadena,Minnesota 56482
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.