Interest Rates on Farm Real Estate Loans
Rates effective as of June 20, 2022. Farm loan rates below:
|
Loan Type |
Payment |
Term |
Amortization |
Rate* |
Choice |
|
Ag Equity Line |
NA |
5-10 years |
varies |
3.65% |
NA |
|
1 month VRM 1 Year VRM |
semiannual semiannual |
30 years 15 years |
30 years 15/30 years |
3.64% 5.19% |
3.29% 4.84% |
|
3 Year VRM |
semiannual |
15 years |
15/30 years |
5.66% |
5.31% |
|
5 Year VRM |
semiannual |
15 years |
15/30 years |
5.75% |
5.40% |
|
7 /1 ARM 10/1 ARM |
semiannual semiannual |
30 years 30 years |
30 years 30 years |
5.49% 5.49% |
5.36% 5.36% |
|
10 year Fixed 15 year Fixed 15 year VRM 20 year fixed |
semiannual semiannual semiannual semiannual |
10 years 15 years 15 years 20 years |
10 years 15 years 30 years 20 years |
6.41% 6.25% 6.58% 6.59% |
6.06% 5.90% 6.23% 6.24% |
|
30 year Fixed
|
semiannual
|
30 years
|
30 years
|
6.84%
|
6.49%
|
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References provided upon request.
COMPETITIVE FARM INTEREST RATES
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
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© Iowa Farm Finance Corp | 4504 82 St, Urbandale, IA 50310
T 515 4688101 | iowafarmloan@gmail.com | Hours: Monday-Friday 9:00-6:00
