What are the typical fees incurred when obtaining a Lone Star Ag Credit loan?
The typical fees incurred on a real estate loan are the association stock requirement of two percent (2%) of the gross loan amount or $1,000.00, whichever is less, one percent (1%) of the gross loan amount or $500, whichever is greater, and a processing fee which ranges from $300 to $475. The typical fees incurred on an operation or production loan are the association stock requirement of two percent (2%) of the gross loan amount or $1,000.00, whichever is less, and a $100 application fee. The fees on rural home loans under our secondary market program are typical to the industry and competitive with a mortgage company.
