Rates have decreased some. Rates effective as of September 19, 2024
Farm loan rates below:
Loan Type |
Payment |
Term |
Amortization |
Rate* |
Choice |
Ag Equity Line |
NA |
5-10 years |
varies |
7.35% |
NA |
1 month VRM 1 Year VRM |
semiannual semiannual |
30 years 30 years |
30 years 15/30 years |
7.20% 6.10% |
7.35% 5.70% |
3 Year VRM |
semiannual |
30 years |
15/30 years |
5.80% |
5.40% |
5 Year VRM |
semiannual |
30 years |
15/30 years |
5.80% |
5.50% |
10 year VRM 15 year VRM |
semiannual semiannual |
30 years 30 years |
30 years 30 years |
6.80 % 7.00% |
6.43% 6.65% |
For other rate options call. 515-468-8101 |
|||||
30 year Fixed
|
semiannual
|
30 years
|
30 years
|
7.30%
|
7.00% |
PREPAYMENTS: prepayments require interest to the next payment date.
You can prepay at any payment date without penalty.
Take a low variable rate loan and roll into any fixed rate product by
paying a 1/2% fee at any payment date.
PAYMENT DATES: Semi-annual payments are January1 & July 1.
Annual payment option is available on all Loan Types except ARM's (add .15%).
ARM PRODUCTS (Indexed): ARM's with a /1 have a fixed interest rate for
the first 3, 5, 7 or 10 years. Rate adjusts annually thereafter.
Other ARM's adjust to an interest rate term equal to the initial interest
rate term ie. 5 year ARM adjusts to 5 year rate for another 5 years.
INTEREST RATES: ARM rates are effective for the above dates.
Loans can be locked upon approval. Loans may be rate locked any
business weekday from 10:00 a.m. to 2:00 p.m. CST.
Submit: 3 years tax returns
3 years financial statements to:
Iowa Farm Finance
4504 82th St.
Urbandale, IA 50322 or
Ag Express loans up to $1,500,000:
one years tax return
current balance sheet
Ag Express Application