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Inheritance assistance loans now available | Farm News | leadertelegram.com – Leader-Telegram

Property inheritance is a complex issue for farm families, but lenders can now seek a way to offer some help.Intermediary lenders can apply for loans through the Heirs’ Property Relending Program, a new program with the U.S. Department of Agriculture. Applications will be accepted for the competitive loan program through October 29.The HPRP loans up to $5 million at 1 percent interest to eligible lenders. Those lenders can then re-loan the money to heirs who need help resolving title issues by financing purchase or consolidation of property interests, as well as financing costs.Lenders should use the HPRP application form, which …

 

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