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  • Indianola catfish plant upgrade could lead to better sales: funds from USDA loan make way for sea of new equipment. (Regional: Delta & River ... An article from: Mississippi Business Journal


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    • usda loan FAQ

    How long does it take to close a USDA loan?

    Dec 29, 2009 by Lindsay | Posted in Renting & Real Estate

    My file was submitted to USDA in mid-December and my lender is estimating closing in mid-February. I was wondering if any one has recently closed a USDA loan and if so how long did it take to close after USDA reviewed the file and approved it? My agent

    It all depends on your local RD/USDA office. The longest turn time I have heard of is 7-10 business days.
    Do you know for sure that your lender has submitted your file to RD for final approval?

    I had a client recently that worked

    | Dec 30, 2009

    It all depends on your local RD/USDA office. The longest turn time I have heard of is 7-10 business days.
    Do you know for sure that your lender has submitted your file to RD for final approval?

    I had a client recently that worked
    Tim | Dec 30, 2009

    How long does a person have to stay in a USDA loan, before they can refinance with another mortgage company?

    Apr 16, 2008 by bgsimsrvp | Posted in Personal Finance

    The individual took the loan out quite awhile back, when she was a struggling single mother. Now she is making around 80K per year, and doing fine. Wants to refinance so as to consolidate debts into a low interest, low payment fixed loan. The prospective

    Whenever you can find an institution that will buy it and refinance it to you. But, you wouldn't be able to afford their interest rates. I would suggest that you contact USDA and see if they could apply a moritorium for you for delayed payments and

    pennock.judy | Apr 16, 2008

    Sounds as if she is in a government program. A lot of banks won't touch these loans because they are risky. So the government makes tax payers flip the bill.

    Check with other lenders.

    http://www.fsa.usda.gov/FSA/webapp?area=
    Net Advisor | Apr 16, 2008

    How will medical bills effect a USDA loan approval?

    Apr 23, 2009 by Casey | Posted in Renting & Real Estate

    My husband and I are going to see about a USDA loan to buy our first home, however I owe about $2,000 in medical bills. Does anyone know if this will pose a problem?

    It isn't very much debt, so no problem on that end. Of course it depends on how low your income is.

    Medical bills are like any other, if you are making your payments they improve your credit.

    Landlord | Apr 23, 2009

    usda loan news

    USDA?loan might not be used

    18.05.12

    HOLLIDAYSBURG - The Hollidaysburg Area Public Library is considering dropping a $550,000 U.S. Department of Agriculture loan after a discussion with borough council on Thursday over its much-delayed building project.

    The discussion centered on who would own the library and stipulations connected to a $575,000 Keystone Grant for Libraries it is using to help fund the $2.45 million project.


    Source: Altoona Mirror

    USDA gives loan for ND farm equipment building

    18.05.12

    BISMARCK, N.D. (AP) — The U. S. Department of Agriculture has awarded a $740,000 loan to help build a new farm equipment dealership in Ashley.

    The loan was given to KEM Electric Cooperative Inc. to help LaMoure Equipment Inc. construct the new building.

    USDA says the loan was one of a dozen given in nine states. The money is intended to spur economic development and to create or save jobs in rural areas.


    Source: Devil's Lake Daily Journal

    AGCO receives $740000 USDA loan

    18.05.12

    JACKSON — Since 1990, Federated Rural Electric of Jackson has offered more than $3.6 million in low- or no-interest loans to help businesses in its territory become established or expand.

    The latest benefactor of the program is AGCO.

    Officials with Federated REA and USDA Rural Development on Monday presented AGCO with a $740,000 no-interest loan for up to 10 years. The loan will be directly applied to a major expansion project nearing completion on the AGCO Jackson campus.


    Source: Worthington Daily Globe

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    Judge approves USDA, Indian farmers settlement
    The Associated Press - Apr 28, 2011 The lawsuit, named after George and Marilyn Keepseagle of Fort Yates, ND, was filed in 1999 and contends Indian farmers and ranchers lost hundreds of millions of dollars over several decades because they were denied USDA loans that instead went to

    Historic Settlement Between Native Americans and USDA Granted Final Approval ...
    Native Times - Apr 28, 2011 “We've waited three decades for the USDA to be held accountable to the Native American people. So today is a great day, indeed,” said Mandan. “The changes to USDA's Farm Loan Program will mean that our children and grandchildren will inherit a system

    USDA increases loan limit
    Williston Daily Herald - Apr 27, 2011 To allow for more people with low and moderate-incomes to purchase housing, the USDA Rural Development increased the loan limit statewide on Tuesday. The change increased the limit statewide from $147500 to $179000.

    USDA awards rural healthcare loans, grants
    ModernHealthcare.com - Apr 25, 2011 Agriculture Secretary Tom Vilsack announced the awarding of more than $145 million in loans, loan guarantees and grants to healthcare facilities as part of $234 million in loans and grants from USDA Rural Development's Community Facilities

    Farmers denied loans can seek redress
    Stockton Record - Apr 27, 2011 Farmers denied loans can seek redress Potential claimants must have sought a farm loan or loan servicing from the USDA and been denied, had the loan provided late or for a reduced amount or with restrictive conditions, and feel the actions were due to their status as a woman or Latino.