By providing access to credit, FSA s Farm Loan Programs offer opportunities to:
|
|
- Sharleen Arnold
- 6 years ago
- Views:
Transcription
1
2 By providing access to credit, FSA s Farm Loan Programs offer opportunities to: Start, improve, expand, transition, market, and strengthen family farming and ranching operations. Provide viable farming opportunities for: Beginning Farmers Minority Farmers and Women Producers. Value-added, direct sale, organic, and specialty crop operations. Young people actively involved in agricultural youth organizations.
3 Direct Loans FSA makes and services direct loans and provides supervised credit Funds come from the U.S. Treasury Guaranteed Loans The lender makes and services the loan FSA guarantees loans made by conventional lenders for up to 95 percent of any loss (typically 90%)
4 Loan Program Delivery Direct loan requests are processed and serviced in local offices Guaranteed requests are completed by the lender and producer, and submitted to FSA for processing Upon request, FSA staff will assist applicants in completing paperwork
5 Types of Farm Loan Programs Farm Ownership (FO) Loans (Direct and Guaranteed) Farm Operating (OL) Loans (Direct and Guaranteed) Emergency (EM) Loans (Direct only) Land Contract (Guaranteed only) Conservation Loans (Guaranteed only)
6 Loan Limitations Direct FO - $ 300,000 Microloan - $ 50,000 Direct OL - $ 300,000 Microloan - $ 50,000 Youth - $ 5,000 Guaranteed FO or OL, or combined D-FO and G-FO, or combined D- OL and G-OL: $1,399,000 for FY 2017 (changes annually based on rate of inflation) EM - $ 500,000 (or amount of loss, whichever is lower)
7 General Eligibility Requirements Direct and Guaranteed applicants must: Be unable to obtain sufficient credit elsewhere without FSA assistance Be a citizen or a legal resident alien Possess legal capacity to incur the loan obligation Have acceptable credit history Be the owner-operator or tenant-operator of a family farm after the loan is closed
8 General Eligibility Requirements Continued Direct and Guaranteed applicants must: Not be delinquent on federal debt Not have outstanding unpaid judgments Not have caused the agency a loss by receiving debt forgiveness (some exceptions) Not have been convicted of planting, cultivating, growing, producing, harvesting, or storing a controlled substance within the last five years
9 FSA Direct Loans Direct loan applicants must also: Have applicable education, training, or farm experience that provides reasonable prospects of success (For an FO loan, must have participated in the business operations of a farm or ranch for at least 3 years out of the past 10 years may substitute 1 of these 3 yrs. with post-secondary education in an ag-related field, significant business mgmt. experience, or military leadership experience.)
10 FSA Direct Loans (cont d) Direct loan applicants must also: Develop a realistic Farm Business Plan that projects repayment ability for the loan Provide adequate collateral for the loan Agree to take borrower training courses and graduate to private sector credit when able to do so Not exceed restriction on years of eligibility
11 FSA Direct Loans Continued Corporations, cooperatives, joint operations, trusts and partnerships may be eligible: their members/stockholders must meet the program eligibility requirements the entity must also be authorized to operate a farm in the State where the farm is located
12 Direct Loan Making: Operating Loans Purposes: Purchase Equipment Purchase Livestock Production Expenses Refinance Operating Expenses Loan Closing & Related Expenses OL loans are repaid in 1 to 7 years (term is dependent on cash flow and useful life of security)
13 Direct Loan Making: Microloans (ML) Microloans are FO or OL (annual or term) that do not exceed $50,000. Microloans have a simplified application process; with paperwork and verification requirements that are more proportional to smaller loans and operations. Alternative managerial requirements for ML-OL may be acceptable. ML-FO still requires 3 years farm experience in the last 10 years.
14 Direct Loan Making: Farm Ownership Loans FO loan repayments can be scheduled for up to 40 years (term is dependent on cash flow and useful life of security) Loan Purposes: Purchase Land Make Capital Improvements Promote Soil and Water Conservation Loan Closing and Related Expenses Note: Direct loans cannot be used to refinance real estate.
15 Direct Loan Making Farm Ownership Downpayment Loans Applicants must: Be Beginning Farmers (farming 10 yrs or less) or Targeted Underserved/SDA (minority groups and/or women historically underserved by the program) Provide a minimum 5% cash downpayment (total financing by FSA and all other lenders cannot exceed 95%) Downpayment loans will not exceed 45% of the lesser of: The purchase price The appraised value of farm to be purchased, or $667,000 (maximum loan of $300,000)
16 Direct Loan Making Farm Ownership Downpayment Loans Continued Maximum FSA term is 20 years Interest rate is 4% below regular direct FO rate, but no less than 1.5% FSA can guarantee the balance, with a term of no less than 30 years and no balloon payment due in the first 20 years No guarantee fee will be charged There is no limit on the purchase price of the property
17 Direct Loan Making Farm Ownership Joint Financing Loans FSA encourages using joint financing arrangements where an applicant obtains financing from another lender, which can be a commercial lender, a State program, or the seller of a farm. The applicant will use this financing along with FSA financing for any authorized FO purposes. If FO is part of a joint financing arrangement and the amount of FSA s loan does not exceed 50% of the total amount financed, the interest rate charged by FSA will be the greater of the following: - Current Direct FO interest rate minus 2% - 2.5%
18 Direct Loan Making Emergency Loans Used for real estate and operating purposes where a disaster or quarantine has been declared. Purposes: Refinance debts Repair/replace farm property Buildings Machinery/Livestock Feed Other items
19 Application Tips A good farm business plan is critical Applicants should: Set short and long term goals Plan conservatively Have records to support production projections Have good financial records Get help from experts (Extension, State Programs, etc.)
20 Application Tips Applicants may ask FSA employees for help to complete the paperwork Other sources of free assistance: Extension Service USDA Outreach Grant Recipient Organizations
21 Direct Loan Making Applications Applications for direct loan assistance may be submitted to the FSA local office serving the area where the operation is located. Application forms are available from FSA offices. Applications, other forms, & office locations are available online at: Local FSA offices are listed in the telephone directory under U.S. Government, Department of Agriculture, Farm Service Agency No one can be denied an application or other forms
22 Guaranteed Loans Guaranteed loans are: Made and serviced by local agricultural lenders Funded by the lender Used by lenders to assist producers who don t meet normal underwriting standards.
23 Guaranteed Loan Making Eligibility To qualify for an FSA Guarantee, a loan applicant must: Meet the general eligibility requirements Be unable to obtain a loan without a guarantee Have a feasible plan and adequate collateral as determined by the lender Apply to a commercial lender who participates in the Guaranteed Loan Program
24 Types of FSA Guaranteed Farm Loans Farm Ownership (FO) Loans Farm Operating (OL) Loans Operating Lines of Credit Land Contract Conservation Loans
25 Guaranteed Loan Making The interest rate a lender charges: must not exceed what that lender would normally charge its average farm customer can be fixed or variable
26 General Info: Program Funding Loan programs are funded by annual Congressional Appropriations Appropriation levels may fall short of demand, especially direct farm ownership loans Loan funds are allocated to states There are separate allocations for targeted underserved farmers and ranchers and beginning farmer targeted funds
27 General Info: Targeted Underserved Applicant As defined by law, a targeted underserved applicant is one who is a member of an underserved group whose members have been subjected to racial, ethnic, or gender prejudice because of their identity as a member of a group, without regard to their individual qualities. Targeted underserved groups are African Americans, American Indians, Alaskan Natives, Hispanics, Asians, Pacific Islanders, and Women.
28 General Info: Targeted Underserved Applicants FSA does not have a specific targeted underserved applicant loan program, but rather targets funds in existing programs to applicants that meet the definition The targets are set by law Targeted underserved loan applicants must meet loan program requirements
29 General Info: Beginning Farmer Loans FSA provides direct and guaranteed loans to beginning farmers and ranchers FSA targets a portion of its direct and guaranteed FO and OL funds to beginning farmers
30 General Info: Beginning Farmer Loans A beginning farmer or rancher is an individual or entity who: (1) has not operated a farm or ranch for more than 10 years (2) meets the loan eligibility requirements of the program to which he/she is applying (3) for an FO loan, does not own a farm greater than 30 percent of the average size farm in the county
31 For More Information: Contact your local FSA Office Visit the FSA Website: ww.fsa.usda.gov Additional Information: services/farm-loan-programs/index
An Introduction to FSA Farm Loans
Who is FSA The Farm Service Agency (FSA), is an agency within the United States Department of Agriculture (USDA). FSA s Farm Loan Programs (FLP) can provide credit to agricultural producers who are unable
More informationFinancial Resources Available to Beginning Farmers. Peyton Fair Farm Credit Mid-America Les Humpal UT Extension Danny Morris UT Extension
Financial Resources Available to Beginning Farmers Peyton Fair Farm Credit Mid-America Les Humpal UT Extension Danny Morris UT Extension Financial Resources There are several sources of financial resources
More informationFSA Direct Loans Loan Making
FSA Direct Loans Loan Making CAUTION: This is an outline for educational purposes only. To learn the details about any certain point, read the current statutes, regulations, and policy notices, which can
More informationHOW CAN WE HELP YOU TODAY?
Nebraska USDA Farm Service Agency HOW CAN WE HELP YOU TODAY? USDA FARM LOAN PROGRAMS AND PROCESS DENISE M. LICKTEIG, FARM LOAN MANAGER NEMAHA COUNTY FARM SERVICE AGENCY WHO IS THE NEBRASKA FSA? 1 WE HAVE
More informationThere are multiple avenues of credit available to agricultural producers. Let s begin by identifying who can provide financing for your agricultural
1 There are multiple avenues of credit available to agricultural producers. Let s begin by identifying who can provide financing for your agricultural venture. Local commercial banks and credit unions
More informationFSA Guaranteed Loans
FSA Guaranteed Loans CAUTION: This is an outline for educational purposes only. To learn the details about any certain point, read the current statutes, regulations, and policy notices, which can change
More informationFarm Service Agency Programs Overview. USDA is an equal opportunity provider, employer, and lender.
Farm Service Agency Programs Overview Farm Service Agency (FSA) Overview Part of U.S. Department of Agriculture (USDA), under Farm and Foreign Agriculture Services (FFAS) Farm programs, loans to help agricultural
More informationFarm Service Agency Emergency Loan Program
Farm Service Agency Emergency Loan Program Overview Emergency loans help producers recover from production and physical losses due to natural disasters. Uses of EM Loan Funds Restore or replace essential
More informationNebraska FSA: Program Opportunities for All Farm Sizes and Types
Nebraska USDA Farm Service Agency Nebraska FSA: Program Opportunities for All Farm Sizes and Types Presenter: Lisa Liska, Farm Loan Manager at Lincoln-Logan- McPherson County FSA Who Is Nebraska FSA? We
More informationNurturing Agricultural Businesses ESLC Conference, November 2014 Stephen McHenry, Executive Director
Nurturing Agricultural Businesses ESLC Conference, November 2014 Stephen McHenry, Executive Director www.marbidco.org Is an Ag Development Financial Intermediary Organization Serving All of Maryland With
More informationProperty Information
LOAN APPLICATION Page 1 of 7 Property Information Street Address City State Zip Purchase Price $ Estimated Property Value $ Requested Loan $ OR Requested LTV % What is the estimated property value based
More informationAgricultural Credit: Institutions and Issues
Jim Monke Specialist in Agricultural Policy June 18, 2014 Congressional Research Service 7-5700 www.crs.gov RS21977 Summary The federal government provides credit assistance to farmers to help assure adequate
More informationIndiana FSA Illiana Vegetable Growers Symposium. Schererville, IN January 6, 2015
Indiana FSA Illiana Vegetable Growers Symposium Schererville, IN January 6, 2015 1 Farm Service Agency - Who We Agency of USDA Are Local offices throughout Illinois and Indiana www.fsa.udsa.gov to locate
More informationAgricultural Credit: Institutions and Issues
Jim Monke Specialist in Agricultural Policy November 5, 2015 Congressional Research Service 7-5700 www.crs.gov RS21977 Summary The federal government provides credit assistance to farmers to help assure
More informationAgriculture Loans for Alaska Farmers
UNIVERSITY OF ALASKA FAIRBANKS Agriculture Loans for Alaska Farmers Sources of financing for Alaska agriculture enterprises ABM-00240 UNIVERSITY OF ALASKA FAIRBANKS This publication contains information
More informationREQUEST FOR SINGLE FAMILY HOUSING LOAN GUARANTEE
Form RD 3555-21 UNITED STATES DEPARTMENT OF AGRICULTURE Form Approved (Rev. 00-00) RURAL DEVELOPMENT OMB No. 0575-0179 RURAL HOUSING SERVICE REQUEST FOR SINGLE FAMILY HOUSING LOAN GUARANTEE Approved Lender:
More informationUSDA Risk Management Tools
USDA Risk Management Tools March, 2015 Eric Fischer USDA Farm Service Agency (517) 324-5107 Dale Allen USDA Farm Service Agency (517) 324-5105 1 2014 Farm Bill Overview of the Non-Insured Crop Disaster
More informationProperty Information
IMN DIRECT CAPITAL FUNDING Office: 404-228-5756 Email: cheryl@onesotpfunding.net LOAN APPLICATION Property Information Street Address City State Zip Purchase Price $ Estimated Property Value $ Requested
More informationPortfolio Product Review
Farmer Mac Refresh Portfolio Product Review May 19, 2016 Solutions Ag Bankers Trust Transactions types available to Farmer Mac approved Sellers: Loan purchases Transfer of credit and ALM risk from lender
More informationUnited States General Accounting Office. Before the Subcommittee on Conservation, Credit, and Rural Development, House Committee on Agriculture
GAO United States General Accounting Office Testimony Before the Subcommittee on Conservation, Credit, and Rural Development, House Committee on Agriculture For Release on Delivery Expected at 10:00 a.m.,
More informationRefresh Webinar Series: 2018 Road Show Rundown
Refresh Webinar Series: 2018 Road Show Rundown Today s Presenters Larry Jones, Senior Relationship Manager Washington, D.C. Headquarters Phone: 202-872-6604 Scott Steveson, Assistant Manager Credit and
More informationLenders require additional and more accurate information. Lenders are more thorough in analyzing and verifying information provided.
L-2426 Financing AQUACULTURE in Texas Danny Klinefelter and Greg Clary* As for any developing industry, financing for aquaculture has been limited because both lenders and producers are inexperienced and
More informationEligible NAP Crops (Continued) Eligible NAP Crops (Continued)
The Noninsured Disaster Assistance Program (NAP) provides financial assistance to producers of noninsurable crops to protect against natural disasters that result in lower yields or crop losses, or prevented
More informationlenders may contact their local County Office or State Office to telephone at
UNITED STATES DEPARTMENT OF AGRICULTURE Farm Service Agency Washington, DC 20250 For: State and County Offices 2-FLP Notice FLP-745 Guaranteed Loan Narrative Q&A s Approved by: Deputy Administrator, Farm
More information6/18/18 City of Fayette Revolving Loan Fund Application P a g e 1
City of Fayette Revolving Loan Fund www.fayetteiowa.com 11 S Main St, Fayette, IA 52175 563-425-4316 info@fayetteiowa.com APPLICATION CITY OF FAYETTE REVOLVING LOAN FUND (RLF) Purpose: The purpose of the
More informationSMIF-Small-Enterprise Loan Program
SMIF-Small-Enterprise Loan Program The program supports small business owners and start-entrepreneurs. The qualification of the loan includes: Eligibility Requirements Loans are available for start-up
More informationNET WORTH STATEMENT - FARMERS AND RANCHERS Name: Date of Statement: Valuation Method: Market Cost
NET WORTH STATEMENT - FARMERS AND RANCHERS Name: Address: Phone: Date of Statement: Valuation Method: Cost Note: This net worth statement should be filled in as a single entity. If you are able to separate
More informationBUSINESS AND INDUSTRY LOAN FUND APPLICATION
BUSINESS AND INDUSTRY LOAN FUND APPLICATION Applicant/business name: Address: APPLICANT INFORMATION City: State: ZIP code: Contact person: Phone: E-mail: Type of Business: Sole Proprietorship Corporation
More informationApplication. Business Name: Trade Name: Current Address: Project Address: Contact Person:
Business Name: Trade Name: Current Address: Project Address: Contact Person: Phone Number: Cell Number: Email: Website: Year Established: Tax Id #: Business Type: Sole Proprietor Partnership Limited Liability
More informationJuly 24, Re: Comment: FSA RIN 0560-AI17 Fed. Reg (Vol. 77, May 25, 2012) Dear Mr. Bonnet:
July 24, 2012 Robert Bonnet, Director Loan Making Division (LMD) Farm Service Agency - USDA 1400 Independence Avenue, SW, Stop 0522 Washington, DC 20250-0522 Re: Comment: FSA RIN 0560-AI17 Fed. Reg. 31220
More informationAgricultural Credit: Institutions and Issues
Jim Monke Specialist in Agricultural Policy March 26, 2018 Congressional Research Service 7-5700 www.crs.gov RS21977 Summary The federal government provides credit assistance to farmers to help assure
More informationRURAL NEVADA DEVELOPMENT CORPORATION
RURAL NEVADA DEVELOPMENT CORPORATION 1320 East Aultman Street Ely, Nevada 89301 Phone (775) 289-8519 Toll Free (866) 404-5204 Fax (775) 289-8214 www.rndcnv.org 1 Dear Homeowner: Thank you for your interest
More informationSo What Else Is in the 2002 Farm Bill?
farmers legal action report Focus Report May 2002 So What Else Is in the 2002 Farm Bill? By Karen Krub What s Inside Equitable Relief in USDA Programs Chapter 12 Bankruptcy Extended USDA Nondiscrimination
More informationHONEY AND HONEYBEE PROGRAMS
NAP HONEY AND HONEYBEE PROGRAMS ELAP NAP OVERVIEW The Non-insurable Crop Disaster Assistance Program (NAP) is designed to reduce financial losses that occur when natural disasters cause a loss of production,
More information2017 / 2018 Loan Application Checklist The Loan Repayment Assistance Program of Minnesota Helping Lawyers Help the Disadvantaged
2017 / 2018 Loan Application Checklist The Loan Repayment Assistance Program of Minnesota Helping Lawyers Help the Disadvantaged Application Deadline: May 1, 2017 Incomplete Applications Will Not Be Considered
More informationNORTH CAROLINA AGRICULTURAL FINANCE AUTHORITY
NORTH CAROLINA AGRICULTURAL FINANCE AUTHORITY Mission Statement The North Carolina Agricultural Finance Authority (NCAFA) was established by the North Carolina General Assembly to provide credit to agriculture
More informationThe Agricultural Provisions of the 1999 Omnibus Appropriations Bill
The Agricultural Provisions of the 1999 Omnibus Appropriations Bill by Karen R. Krub Copyright 1998, Farmers Legal Action Group, Inc. Reprint only with written permission. (An abbreviated version of this
More information2018 / 2019 Loan Application Checklist The Loan Repayment Assistance Program of Minnesota Helping Lawyers Help the Disadvantaged
2018 / 2019 Loan Application Checklist The Loan Repayment Assistance Program of Minnesota Helping Lawyers Help the Disadvantaged Application Deadline: May 1, 2018 Incomplete Applications Will Not Be Considered
More informationUSDA Rural Development Pre-Qualification Inquiry Package Please mark what type of assistance you are requesting:
USDA Rural Development Pre-Qualification Inquiry Package Please mark what type of assistance you are requesting: Purchase a Home: Repair a Home: This Inquiry sheet is for informational purposes only and
More informationPROGRAM SUMMARY. For additional information, contact:
PROGRAM SUMMARY Contact: For additional information, contact: Patrick Evans (618) 244-2424 ext. 1501 pevans@il-fa.com Lorrie Karcher (618) 244-2424 ext. 1500 lkarcher@il-fa.com An application form may
More informationA Guide to the USDA Noninsured Crop Disaster Assistance Program (NAP)
A Guide to the USDA Noninsured Crop Disaster Assistance Program (NAP) For Organic Production, 2018 crop year By Michael Stein & Diana Jerkins, Ph.D. Table of Contents Introduction...4 Overview...4 Crop
More informationOregon Department of Agriculture
TEXT SIZE: A+ A- A TEXT ONLY TRANSLATE Find Oregon Department of Agriculture ODA home About Us Contact Us Newsroom News releases and stories of the week Agriculture Quarterly Reports, speeches, videos
More informationExploring Farm Service Agency Loan Opportunities
Exploring Farm Service Agency Loan Opportunities Refresh Webinar May 2015 Today s Agenda Farm Service Agency Update Randi Sheffer, Guaranteed Loan Branch Chief Jeff King, Loan Servicing Observations from
More informationTHE FOLLOWING RESOLUTIONS ARE RECOMMENDED FOR ADOPTION:
Building Rural America National Association of Credit Specialists of the USDA Farm Service Agency Farm Loan Program Committee THE FARM LOAN PROGRAM COMMITTEE MET AT THE CROWNE PLAZA HOTEL IN ROSEMONT,
More informationFarm Service Agency (FSA) Disaster Set-Aside
Chapter 8 Farm Service Agency (FSA) Disaster Set-Aside I. Introduction...1 II. Application Due Eight Months From Disaster Designation...2 III. Loan Eligibility for Set-Aside...2 A. All FSA Farm Program
More informationWhat can the Farm Service Agency offer your oyster operation? Ocean City Maryland January 14, 2017
What can the Farm Service Agency offer your oyster operation? Ocean City Maryland January 14, 2017 Two Programs to Discuss Today Farm Storage Facility Loans (FSFL s) Noninsured Assistance Program (NAP)
More informationBUSINESS LOAN APPLICATION COMPANY INFORMATION
BUSINESS LOAN APPLICATION Thank you for considering your Credit Union for your business borrowing needs. Your Credit Union will be utilizing the services of Cooperative Business Services, LLC ("CBS") to
More informationTony Bowers Farm Loan Officer USDA Farm Service Agency 820 Industrial Drive, Suite 1 Sparta, WI 54656
Tony Bowers Farm Loan Officer USDA Farm Service Agency 820 Industrial Drive, Suite 1 Sparta, WI 54656 Farm Business Planning Building a Farm Business Plan Lenders Perspective Financing Options How to Build
More informationSMALL BUSINESS LOAN APPLICATION PACKAGE
1 SMALL BUSINESS LOAN APPLICATION PACKAGE Thank you for considering Carolina Small Business Development Fund for your small business loan. To assist us in processing your request in an efficient manner,
More information2008 Farm Bill. Opportunities for Tribes and Tribal Members. The Food, Conservation, and Energy Act of USDA State Outreach Council
The U.S. Department of Agriculture (USDA) prohibits discrimination in all of its programs and activities on the basis of race, color, national origin, age, disability and where applicable, sex, marital
More informationEquity Loan, Line of Credit, and Consumer Loan Application
Equity Loan, Line of Credit, and Consumer Loan Application Thank you for considering Investors Savings Bank for your banking needs. Your completed application may be mailed to Investors Savings Bank, 101
More informationSecurity Deposit Loan Application 405 SW 6th Street Redmond, Oregon *
Security Deposit Loan Application 405 SW 6th Street Redmond, Oregon 97756 * 541-923-1018 Thank you for your interest in the Families Forward loan program. Loans are available to Housing Choice Voucher
More informationUniform Residential Loan Application
This application is designed to be completed by the applicant(s) with the Lender s assistance. Applicants should complete this form as Borrower or Co-Borrower, as applicable. Co-Borrower information must
More informationICON 1003 Loan Application
ICON 1003 Loan Application This application is designed to be completed by the applicant(s) with the Lender s assistance. Applicants should complete this form as Borrower or Co-Borrower, as applicable.
More information2018 Annual Report of the Emerging Entrepreneur Loan Program
This document is made available electronically by the Minnesota Legislative Reference Library as part of an ongoing digital archiving project. http://www.leg.state.mn.us/lrl/lrl.asp 2018 Annual Report
More informationKemba Commercial Loan Application
Kemba Commercial Loan Application GENERAL BUSINESS INFORMATION Applicant: DBA: Business Address: Business Phone: Legal Status:! Individual(s)! Corporation (C Corp)! LLC! LP/LLP! S Corp! Other: Date Founded:
More informationCity of Modesto Homebuyer Assistance Program
City of Modesto Homebuyer Assistance Program Overview The City of Modesto s (City) Homebuyer Assistance Program provides deferred-payment; lowinterest loans to assist low income families purchase a qualified
More informationUniform Residential Loan Application
This application is designed to be completed by the applicant(s) with the Lender s assistance. Applicants should complete this form as Borrower or Co-Borrower, as applicable. Co-Borrower information must
More informationDear Home Ownership Applicant:
Dear Home Ownership Applicant: Here is the City of Leavenworth s Community Development Block Grant (CDBG) Home Ownership Program 2017-18. Applications will be accepted on a first-come, first-served basis
More informationFarm Credit System. Jim Monke Specialist in Agricultural Policy. May 17, Congressional Research Service
Jim Monke Specialist in Agricultural Policy May 17, 2016 Congressional Research Service 7-5700 www.crs.gov RS21278 Summary The Farm Credit System (FCS) is a nationwide financial cooperative lending to
More informationUniform Residential Loan Application
This application is designed to be completed by the applicant(s) with the Lender s assistance. Applicants should complete this form as or Co-, as applicable. Co- information must also be provided (and
More informationMortgage Loan Supporting Documents Checklist
1408 Airport Rd. Bloomington, IL 61704 Phone 309-451-8400 Fax 309-402-0593 Mortgage Loan Supporting Documents Checklist Thank you for choosing Illinois State Credit Union for your mortgage needs. Please
More informationDirect Single Family Housing (SFH) Program
United States Department of Agriculture www.rurdev.usda.gov/ca Direct Single Family Housing (SFH) Program The 502 Direct Loan Program is intended to provide very low- and low-income persons who do not
More informationWhat America Is Thinking About Energy Issues February 2016 Presented by: Harris Poll
What America Is Thinking About Energy Issues February 2016 Virginia Presented by: Harris Poll Interviewing: January 22 February 1, 2016 Respondents: 630 Registered Voters Method: Telephone Weighting: Results
More informationWhat America Is Thinking On Energy Issues February 2016
What America Is Thinking On Energy Issues February 2016 South Carolina Presented by: Harris Poll Interviewing: January 22-31, 2016 Respondents: 600 Registered Voters Method: Telephone Weighting: Results
More informationUniform Residential Loan Application
This application is designed to be completed by the applicant(s) with the Lender s assistance. Applicants should complete this form as Borrower or Co-Borrower, as applicable. Co-Borrower information must
More informationProcedures on Submitting a Loan Application:
Procedures on Submitting a Loan Application: The first step in the mortgage process is to complete the following loan application and credit authorization. The loan application, which provides your personal
More informationUniform Residential Loan Application
Uniform Residential Loan Application This application is designed to be completed by the applicant(s) with the Lender s assistance. Applicants should complete this form as or Co-, as applicable. Co- information
More informationUniform Residential Loan Application
Uniform Residential Loan Application This application is designed to be completed by the applicant(s) with the Lender s assistance. Applicants should complete this form as Borrower or Co-Borrower, as applicable.
More informationWelcome to a brief discussion of income statements. The income statement is a critical record-keeping tool in evaluating the profitability of your
Welcome to a brief discussion of income statements. The income statement is a critical record-keeping tool in evaluating the profitability of your business. As with the other statements, you may choose
More informationCITY OF KENT, OHIO DEPARTMENT OF COMMUNITY DEVELOPMENT LOAN APPLICATION COMMERCIAL/INDUSTRIAL LOAN PROGRAMS
CITY OF KENT, OHIO DEPARTMENT OF COMMUNITY DEVELOPMENT LOAN APPLICATION COMMERCIAL/INDUSTRIAL LOAN PROGRAMS This application form will be used by applicants seeking funding under the City's Commercial
More informationIf you have any questions, please contact one of our Consumer Loan Officers. Elderton Office NMLS NMLS (724) (724)
To expedite the processing of your application, please include the following items. Sales Agreement (for purchase money mortgages) Copy of Deed Copy of Paid Real Estate Tax Receipts Copy of Homeowners
More informationMinority Business Enterprise and Women Owned Business Enterprise Loan Mobilization Program Rules
Minority Business Enterprise and Women Owned Business Enterprise Loan Mobilization Program Rules I. Introduction Overview The Minority Business Loan Mobilization Program was created by the Arkansas Economic
More informationUniform Residential Loan Application
Uniform Residential Loan Application This application is designed to be completed by the applicant(s) with the Lender s assistance. Applicants should complete this form as or, as applicable. information
More informationStatement for the Record. American Bankers Association. Agriculture Committee. United States House of Representatives
Statement for the Record On Behalf of the American Bankers Association before the Agriculture Committee of the United States House of Representatives Statement for the Record On behalf of the American
More informationFIRST TIME HOMEBUYER L OAN PROGRAM
FIRST TIME HOMEBUYER L OAN PROGRAM CITY OF DUBLIN Housing Division 100 Civic Plaza, Dublin, CA 94568 (925) 833-6610 HousingInfo@dublin.ca.gov www.dublin.ca.gov/housing/fthlp Application Packet Funds
More informationWashington, DC. HFA Performance Data Reporting- Borrower Characteristics
HFA Performance Data Reporting- Borrower Characteristics QTD Cumulative 1 Unique Borrower Count 2 Number of Unique Borrowers Receiving Assistance 19 767 3 Number of Unique Borrowers Denied Assistance 5
More informationFarm Bill Programs Without a Budget Baseline Beyond FY2018
Farm Bill Programs Without a Budget Baseline Beyond FY2018 Jim Monke Specialist in Agricultural Policy July 21, 2017 Congressional Research Service 7-5700 www.crs.gov R44758 Summary The 2014 farm bill
More informationRisk Management Agency
Risk Management Agency Larry McMaster, Senior Risk Management Specialist Jackson Regional Office Jackson, MS February 10, 2015 USDA is an Equal Opportunity Provider and Employer 10 RMA Regional Offices
More informationTestimony of. Matthew H. Williams AMERICAN BANKERS ASSOCIATION. Subcommittee on Department Operations, Oversight, and Credit.
Testimony of Matthew H. Williams On Behalf of the AMERICAN BANKERS ASSOCIATION Before the Subcommittee on Department Operations, Oversight, and Credit of the House Committee on Agriculture United States
More informationYour Rights Under the Oklahoma Minimum Wage Act
Your Rights Under the Oklahoma Minimum Wage Act 40 O.S. 197.1 et seq. State Minimum Wage $5.85 per hour Effective July 24, 2007 $6.55 per hour as of July 24, 2008 $7.25 per hour as of July 24, 2009 It
More informationOHIO STATE UNIVERSITY EXTENSION. OSU EXTENSION TAXATION PROGRAM January 2014
OHIO STATE UNIVERSITY EXTENSION Tax Bulletin OSU EXTENSION TAXATION PROGRAM January 2014 FUEL TAX CREDITS AND REFUNDS FOR FARMERS INTRODUCTION Farming can be a fuel- intensive business. Both the federal
More informationUniform Residential Loan Application
Uniform Residential Loan Application This application is designed to be completed by the applicant(s) with the Lender's assistance. Applicants should complete this form as "Borrower" or "Co-Borrower,"
More informationPROPERTY INFORMATION
CHECK BOX FOR JOINT ACCOUNT: [ ] If you are applying for a joint account or an account that you and another person will use, complete all sections, providing information about the Joint Applicant or user.
More information2017 Beginning Farmer Loan and Tax Credit Programs
2017 Beginning Farmer Loan and Tax Credit Programs Iowa Agricultural Development Division Staff Steve Ferguson Tax Credit Program Specialist 515.725.4928 steve.ferguson@io wa.gov Tammy Nebola Loan Program
More informationFAQs Title 74, Section 303 and PennDOT s Diverse Business Participation Program
FAQs Title 74, Section 303 and PennDOT s Diverse Business Participation Program Q: What is Section 303 of Title 74 of Purdon s Statutes? A: Section 303 is a law that requires certain public entities to
More information15,000 5,000. 5,000 14,400 Total Benefits 20,000 Total Costs 19,400 Net Benefit 600
AAE 320 Spring 2009 Final Exam Name: KEY 1) (25 pts. total) You are a hog farmer thinking of growing low phytate corn for your hog feed. Low phytate corn increases the bioavailability of phosphorus in
More informationDeclaration of Florida Agricultural Disaster
February 2, 2010 Declaration of Florida Agricultural Disaster The U.S. Department of Agriculture (USDA) offers several programs to help farmers recover financially from a natural disaster, including but
More informationCorrespondent Lending FHA Fixed Rate
Agency Correspondent Lending FHA Fixed Rate Correspondent Lending FHA Fixed Rate Maximum Loan Amount County Minimum Loan Amount $50,000 10, 15, 20, 25 & 30 YR Fixed Rates & 5/1 CMT ARM DU Approve, LP Accept
More informationA Look at Tennessee Mortgage Activity: A one-state analysis of the Home Mortgage Disclosure Act (HMDA) Data
September, 2015 A Look at Tennessee Mortgage Activity: A one-state analysis of the Home Mortgage Disclosure Act (HMDA) Data 2004-2013 Hulya Arik, Ph.D. Tennessee Housing Development Agency TABLE OF CONTENTS
More informationAgricultural Disaster Assistance
Order Code RS21212 Updated July 3, 2008 Summary Agricultural Disaster Assistance Ralph M. Chite Specialist in Agricultural Policy Resources, Science, and Industry Division The U.S. Department of Agriculture
More informationRacial/Ethnic Discrimination in USDA s Direct Farm Lending Programs. Charles B. Dodson
Racial/Ethnic Discrimination in USDA s Direct Farm Lending Programs By Charles B. Dodson Any opinions, findings, conclusions, or recommendations expressed in this session or the materials are those of
More informationBackground Information
March 1998 Revised March 19, 1998 Statutory Authority Sections 131 through 136 of the Federal Agriculture Improvement and Reform Act of 1996 (1996 Act), P.L. 104-127 (7 USC 7231-7236) require that a nonrecourse
More informationa00014 CHANGES TO SPECIFICATIONS: APPENDIX C DSP4 Provision Name:
S PECIAL P ROVISION Detail Index or Category: Changes to Specifications Related Sequence ID: 14 Version: A District: CO a00014 CHANGES TO SPECIFICATIONS: APPENDIX C DSP4 Provision Name: Completed: Yes
More informationApplication for Tenancy for Rural Housing Properties
The Morrow Companies MULTI-FAMILY, COMMERCIAL AND INVESTMENT PROPERTIES MRC APP.1 Rev 8//011 Application for Tenancy for Rural Housing Properties Date Received: Time: Signature of Manager: A $15.00 Non-refundable
More informationREVOLVING LOAN FUND POLICY
REVOLVING LOAN FUND POLICY The purpose of this policy is to provide guidance regarding loans from a revolving loan fund (RLF) to private and public entities for projects that benefit the community. Nothing
More informationWikiLeaks Document Release
WikiLeaks Document Release February 2, 2009 Congressional Research Service Report RS21278 Farm Credit System Jim Monke, Resources, Science and Industry Division June 12, 2007 Abstract. The Farm Credit
More informationUniform Residential Loan Application
Uniform Residential Loan Application This application is designed to be completed by the applicant(s) with the Lender's assistance. Applicants should complete this form as "Borrower" or "Co-Borrower",
More informationFIRST BANK OF MANHATTAN MORTGAGE LOAN ORIGINATORS NMLS ID #405508
Bring In: ITEMS TO BE SUBMITTED WITH CONSTRUCTION MORTGAGE APPLICATION Pay stubs from the last 30 days W-2 s and Tax Returns from the last 2 years Bank statements from last 2 months (All Pages) Copy of
More informationUniform Residential Loan Application
First Name: Mortgage Pre-Qualification Application Last Name: Mortgage Pre Qual Application NMLS# 799643 Privacy Policy: Our privacy policy protects the privacy of your personal-identifying information
More information