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Farmer Mac Programs

Category: Federal Incentives, Grants & Loans


AGENCY: Federal Agricultural Mortgage Corporation (Farmer Mac)
DESCRIPTION:
• Farmer Mac is America’s secondary market for first mortgage agricultural real estate loans.
• Farmer Mac was created by Congress to improve the availability of long-term credit at stable interest rates to America's farmers, ranchers and rural homeowners, businesses and communities.
• Farmer Mac accomplishes its public policy mission primarily by purchasing, or committing to purchase, qualified loans from agricultural mortgage lenders, thereby replenishing their source of funds to make new loans.
QUALIFICATION CRITERIA/COMMENTS:
• Farmer Mac has services available for:
• Borrowers at
http://www.farmermac.com/Borrowers/Full_time_Farm/Program_Desc/fulltime_main.asp
• Lenders at http://www.farmermac.com/Lenders/Program_Desc/fmac_main.asp; and
• Investors at, http://www.farmermac.com/Investors/FMI/fm1_main.asp.
 


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Greater Gallup Economic Development Corporation | 102 W. Hill Avenue, PO Box 1795 | Gallup, NM  87301
Phone (505) 722-2980 | Fax (505) 722-2987