The effect of local thermal non-equilibrium (LTNE) on the onset of thermomagnetic convection in a ferromagnetic fluid-saturated horizontal porous layer in the presence of a uniform vertical magnetic field is investigated. A modified Forchheimer-extended Darcy equation is employed to describe the flow in the porous medium, and a two-field model is used for temperature representing the solid and fluid phases separately. It is found that both the critical Darcy-Rayleigh number and the corresponding wave number are modified by the LTNE effects. Asymptotic solutions for both small and large values of scaled interphase heat transfer coefficient H-t are presented and compared with those computed numerically. An excellent agreement is obtained between the asymptotic and the numerical results. Besides, the influence of magnetic parameters on the instability of the system is also discussed. The available results in the literature are recovered as particular cases from the present study.