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NIFA - Nebraska Investment Finance Authority
Programs


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Purpose of the Program
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Eligible Borrowers
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Eligible Agricultural Projects
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Loan Amounts & Terms
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Fees
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Application & Financing Process
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Previous Ownership Table
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Application Forms





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Beginning Farmer/Rancher
Fees

An application fee of $250 must be submitted with the application. This fee is non-refundable but will be applied to the total fees due to NIFA at closing. The farmer or rancher must pay the following fees at the time of closing. These fees may be paid from (included in) the loan proceeds (in an amount up to 2% of the principal amount of the loan before fees), if permitted by the purchaser of the bond (the lender).

    NIFA Fee -- 1 1/4% of the principal loan amount ($250 minimum)

    Bond/NIFA Counsel Fee --
    Loan Amount

    Fee
    Up to $29,999

    $475
    $30,000 to $99,999

    $675
    $100,000 and up

    .6 of 1% of principal loan amount ($675 minimum)

    Allocation Fee -- $150

For example, the fees on a $150,000 [base] loan would be $2,925: ((150,000 x .0125) + (150,000 x .006) + 150). All or a portion are includable in the loan since $2,925 is less than 2% of $150,000 ($3,000). If including all the fees, the total loan amount would be $152,925 ($150,000 + $2,925).

Note: Total combined fees charged for loans of $250,000 and higher will be $4,775.

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Nebraska Investment Finance Authority - NEW
200 Commerce CourtBullet1230 'O' StreetBulletLincoln, NE 68508
Phone: 402-434-3900Bullet800-204-NIFA (6432)
Fax: 402-434-3921BulletE-mail: info@nifa.org