Loan Eligibility
Loan Eligibility
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Eligibility

Eligibility: First mortgage on real estate as collateral. You do not have to live on the farm to qualify. Loans made to full or part-time famers. Loans made on timber or crop land. First mortgage on real estate required. Chattels on operations such as dairy / poultry or properties with pivot irrigation systems can be taken as additional collateral.

 

Loan Type: 5 to 30 years

 

Interest Rates: Adjustable and Fixed Rate loan

 

Collateral Requirements: First mortgage on real estate required. Chattels on operations such as dairy / poultry or properties with pivot irrigation systems can be taken as additional collateral.

 

Loan Size Limitation: Loan amounts are limited by board discretion. Current limit is $1,200,000.

 

Eligible Purposes: Buy land, irrigation equipment and wells, build or repair farm buildings, purchase machinery and equipment, build farm ponds, education of children, establish permanent pastures, establish beef, dairy or swine herds, refinance debts, specialized building for dairy, poultry, swine, or beef enterprises.

 

 

NOTE: This information should only be used as a reference. The information reflected above is not “all inclusive”. More specific details regarding individual applications will be provided by the Administrative Office in Monroe, Georgia or by branch location serving your respective county.