USDA BNI loans are an amazing financing source for properties and businesses needing financing in rural markets. Learn how these programs work in this episode.
$2 MM – $25 MM
Loan Amounts $2 MM – $25 MM
50,000 or Fewer
USDA term length and amortization depends on the product as well as the underwriting guidelines of the conventional partner. Terms and amortizations can go up to 40 years in some limited circumstances but are typically between 5 and 30 years. USDA loans are almost always recourse. Prepayment structures can vary greatly, depending on how the conventional partner structures the loan and what USDA program is guarantying the loan. Lending area are only available in rural areas less than 50,000 population.