Farmer Mac's USDA Guaranteed Loan Purchase solution, also known as "Farmer Mac 2" provides financial institutions with an efficient and competitive secondary market for USDA guaranteed portions and enhances participants' ability to offer innovative products to their customers.
Eligible USDA-guaranteed portions include Guaranteed Farm Ownership, Operating, and Conservation loans under the Farm Service Agency; also eligible are Business and Industry, Community Facility, and Water and Environmental Program loans under Rural Development.Strengthen customer relationships by offering borrowers a wider variety of loan products with attractive rates and terms.
Eligible USDA-guaranteed portions include Guaranteed Farm Ownership, Operating, and Conservation loans under the Farm Service Agency; also eligible are Business and Industry, Community Facility, and Water and Environmental Program loans under Rural Development.Strengthen customer relationships by offering borrowers a wider variety of loan products with attractive rates and terms.
Services
Any USDA Farm Service Agency (FSA) Farm Ownership (FO), Operating Loan (OL), or Conservation Loan (CL); or USDA Rural Development Business & Industry (B&I), Community Facility (CF), or Water and Environmental Program (WEP) guaranteed loan is eligible for sale through Farmer Mac 2. Copies of the following documents should be uploaded to our Online Loan App (OLA) and submitted for review prior to settlement.
We offer pricing for a variety of fixed and adjustable products. Our products are and have always been open prepayment. We are happy to accept seasoned loans or loans with maturities that don't precisely match an existing product; generally, non-standard maturities will be rounded up to the next available product.
The following suggested language is intended to offer guidance in the wording of promissory notes in order to make them acceptable for purchase in the Farmer Mac 2 program. It is important to note however, that lenders are responsible for the legal sufficiency and enforceability of loan documents, which may be affected by laws of the state or jurisdictions governing the loan transaction.
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