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Farm Service Agency Loans (FSA)

Diamond Bank is an FSA participating lender.

90% Guaranteed Loan Program

We are approved to offer FSA loan products under the FSA Certified Lender Program. This program is used for the purpose of refinancing or purchasing an existing farm operation or for new construction.  The guaranteed loan program has a maximum loan amount of $1,399,000 and we prepare the FSA packet for our customer.  A 10% equity is typically asked, but some loans exceed the 90% LTV up to 100%.  FSA Guaranteed Loans have a fee of 1.5% of the total loan balance, which is normally financed in.  Most lending institutions require a third party member to complete the guarantee packet, but all Diamond Bank requests are finalized in-house. 

Participation Loan Program

This program allows us to help our customers purchase land with no down payment and occasionally a poultry farm can be purchased via this program.  The program is structured so that the customer will have to be approved through FSA for up to $300,000 or 50% of the purchase price.