What percent down do first time farmer loans require?
The U.S. Department of Agriculture's Farm Service Agency offers specialized Down Payment Farm Ownership loans designed specifically to assist beginning farmers and ranchers in purchasing agricultural property. This program requires a minimum cash down payment of 5 percent of the purchase price. The remaining balance of the property purchase can then be financed through a commercial lender, private party, or handled via a joint financing arrangement with the federal government to help new agricultural operators successfully establish their farming enterprises.
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