7 CFR § 764.204 - Rates and terms.
(a) Rates. The interest rate for Down payment loans will be the regular direct FO rate minus 4 percent, but in no case less than 1.5 percent.
(b) Terms.
(1) The Agency schedules repayment of Down payment loans in equal, annual installments over a term not to exceed 20 years.
(2) The non-Agency financing must have an amortization period of at least 30 years and cannot have a balloon payment due within the first 20 years of the loan.