An official website of the State of North Dakota
The FSA (Farm Service Agency) Guaranteed Loan Purchase provides low interest rate loans to farmers with bank financing that includes a loan guarantee from a federal government program. BND participates by purchasing the guaranteed portion of the promissory note.
How to apply
BND offers this loan by partnering with local lenders. To apply, contact your lender.
If you have any questions, contact us or call (701) 328-5795.
Forms
Bank Participation Loan Application (PDF)
Loan Renewal Application for Existing Participations (PDF)
To ensure proper functionality, BND forms MUST be downloaded and then opened with your system’s PDF application. Click here for download instructions.
If you are not able to access a PDF, please contact us for assistance.
Description
BND will purchase Government Guaranteed Loans providing interest rate assistance.
Eligibility
Must be a term note with an FSA guarantee.
Loan amount/limit
FSA-guaranteed portion of the loan
Interest rate and fees
Interest rate: BND purchases the loan guarantee at a fixed or variable rate which is established at the time of funding. Rate must be in compliance with FSA policy. A reasonable service fee may be added to BND’s net rate options.
| Guaranteed Loan Purchase Program Rates Effective for October 28, 2026 |
||||
| Rate Index | BND Net Rate | + | Lead Lender | =Borrower Rate |
|---|---|---|---|---|
| Quarterly Adj. | 5.344% | + | Service Fee | =Borrower Rate |
| 1-year Adj. | 5.651% | + | Service Fee | =Borrower Rate |
| 3-year Adj. | 5.884% | + | Service Fee | =Borrower Rate |
| 5-year Adj. | 5.925% | + | Service Fee | =Borrower Rate |
| 7-year Adj. | 6.145% | + | Service Fee | =Borrower Rate |
| 10-year Adj. | 6.281% | + | Service Fee | =Borrower Rate |
| Guaranteed Loan Purchase Program Rates Effective for October 28, 2026 |
|
| Rate Index | Quarterly Adj. |
|---|---|
| BND Net Rate | 5.344% |
| + | + |
| Lead Lender | Service Fee |
| =Borrower Rate | =Borrower Rate |
| Rate Index | 1-year Adj. |
| BND Net Rate | 5.651% |
| + | + |
| Lead Lender | Service Fee |
| =Borrower Rate | =Borrower Rate |
| Rate Index | 3-year Adj. |
| BND Net Rate | 5.884% |
| + | + |
| Lead Lender | Service Fee |
| =Borrower Rate | =Borrower Rate |
| Rate Index | 5-year Adj. |
| BND Net Rate | 5.925% |
| + | + |
| Lead Lender | Service Fee |
| =Borrower Rate | =Borrower Rate |
| Rate Index | 7-year Adj. |
| BND Net Rate | 6.145% |
| + | + |
| Lead Lender | Service Fee |
| =Borrower Rate | =Borrower Rate |
| Rate Index | 10-year Adj. |
| BND Net Rate | 6.281% |
| + | + |
| Lead Lender | Service Fee |
| =Borrower Rate | =Borrower Rate |
Fees: The originating lender may charge the borrower an origination fee as allowed by FSA.
Lending criteria
None
Collateral
Assignment of FSA guarantee
Participation requirements
Borrower must work with a local lender to submit the loan application. Lead lender is responsible for servicing the loan.
Loan terms
Loan terms are based on FSA loan guarantee terms.