Book Chapter

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FSA FO Loan Criteria that Follow the General Principle of Application to Each Owner

Several of FSA's FO loan criteria are easy to apply to entity applicants: simply stated, each owner of the entity must individually satisfy these criteria.

This section explores the FSA Farm Ownership loan criteria below. These are relatively easy to apply to an entity applicant. Each owner of the entity must meet these criteria.

Criterion #1: All applicants must be a US citizen, a US non-citizen national, or a qualified “Alien”
Criterion #2: No Convictions for Controlled Substances
Criterion #3: Possess Legal Capacity
Criterion #4: Acceptable Credit History
Criterion #5: Unable to Get Financing on the Commercial Market
Criterion #6: No Delinquent Status on Federal Debt (unless IRS debt)
Criterion #7: No Outstanding Unpaid Judgements Obtained by the US in any Court
Criterion #8: No Federal Crop Insurance Violations

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