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Frequently Asked Questions (FAQs)

What kind of loans does First South Farm Credit make?

First South provides lending and financial services for country living and ag purposes. Types of loans may include: rural land, country home, poultry, livestock, farm/land improvements, equipment, crop production, agribusiness, and more. For additional information on types of loans, click here.

Does First South Farm Credit provide home loans?

Yes, First South provides financing for the purchase, construction, or improvements of country homes in rural areas.

Do I have to be a farmer to get a loan from First South?

No, we can also make loans to non-farmers for the purchase and construction of homes in rural areas as well as the purchase of agricultural assets, such as rural land.

What is a patronage refund?

First South returns a portion of its earnings to its member/borrowers in the form of a patronage refund. A member's refund is based on the proportion of interest earned on their loan to the total interest earned by First South. In this way, First South is able to return, to its borrowers, a portion of the interest paid on their loan.

Who is eligible to borrow from First South Farm Credit?

Those who are eligible include: full-time and part-time farmers, rural residents, rural landowners, and agribusinesses.

What do I need to apply for a loan?

Requirements may vary depending on the type of loan. For more information on what you may need to apply for a loan, click here or contact a loan officer at a location near you.