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One of the hardest parts of farming is just getting started. We’ve got your back with down payment assistance.

Key Features

  • Competitive Rates
  • Local Processing
  • Quick Decisions
  • Competitive rates for land purchases
  • Repayment terms customized to fit your business's unique needs
  • Quick, local decision-making and processing
  • Attentive, friendly service from start to finish

Who Qualifies? 

A beginning farmer is an individual or entity who:

  • Must participate in the business operation of a farm for at least 3 years out of the 10 years prior to the date the application is submitted
  • Does not own a farm or ranch greater than 30 percent of the average size farm in the county as determined by the most current Census for Agriculture
  • Has not operated a farm for more than 10 years
  • Substantially participate in the farming operation of the newly purchased land
  • Meets the FSA loan eligibility requirements of the program to which he/she is applying

If the applicant is an entity, all members must be related by either blood or marriage and all must be considered beginning farmers.

Down Payment Program – Option 1

  • Applicant must make a cash down payment of at least 5 percent of the purchase price
  • American Farm Mortgage & Financial Services will partner with FSA to provide financing for the remaining 95 percent portion of the purchase price

American Farm Mortgage & Financial Services (1st Mortgage Loan)

  • Loan Term is 30 Years
  • Flexible Payment Structure
  • Multiple Interest Rate Products Available (up to first 15 years of loan term can be fixed)
  • Competitive Interest Rates
  • $333,650 Maximum Loan Amount1 (In some cases this can be higher if purchase price slightly exceeds $667,000)

Farm Service Agency (2nd Mortgage Loan)

  • Loan Term is 20 Years
  • 2.50% Fixed Interest Rate!
  • $300,000 Maximum Loan Amount1

Example: 

  • $332,500 – 1st Mortgage Loan (American Farm Mortgage)
  • $299,250 – 2nd Mortgage Loan (FSA)
  • $33,250 – Applicant Down Payment
  • $665,000 – Purchase Ag Real Estate 

Joint Financing Arrangement - Option 2

American Farm Mortgage & Financial Services provides financing for up to 100% of the farm or ranch purchase price in conjunction with FSA.

American Farm Mortgage & Financial Services (1st Mortgage Loan)

  • $300,000 – 1st Mortgage Loan (American Farm Mortgage)
  • $300,000 - 2nd Mortgage Loan (FSA)
  • $600,000 – Purchase Ag Real Estate
  • Competitive Interest Rates

Farm Service Agency (2nd Mortgage Loan)

  • Loan Term is up to 40 Years
  • 2.50% Fixed Interest Rate!
  • $300,000 Maximum Loan Amount

Example:

  • $300,000 – 1st Mortgage Loan (American Farm Mortgage)
  • $300,000 – 2nd Mortgage Loan (FSA)
  • $600,000 – Purchase Ag Real Estate

Get Started

Either click on the “Request Info” button above or below and fill out the corresponding form or call us today at (800) 876-2362 to speak with one of our representatives qualified to assist you in resolving your operation's unique financing needs.

Either click on the “Request Info” button above or below, and fill out the corresponding form — or call us today at (800) 876-2362 to speak with one of our representatives qualified to assist you in resolving your operation's unique financing needs.

Loan availability subject to borrower meeting eligibility and credit guidelines. Terms subject to change.

1Loan Amount is determined by the lesser of the following: (45 percent of the purchase price, 45 percent of the appraised value, or $300,000)