Interest Rates on Farm Real Estate Loans Keeping you informed
Rates effective as of June 8, 2020. Farm loan rates below:
|
Loan Type |
Payment |
Term |
Amortization |
Rate* |
Choice |
|
Ag Equity Line |
NA |
5-10 years |
varies |
2.62% |
NA |
|
1 month VRM 1 Year VRM |
semiannual semiannual |
30 years 15 years |
30 years 15/30 years |
2.60% 2.75% |
2.25% 2.40% |
|
3 Year VRM |
semiannual |
15 years |
15/30 years |
3.24% |
3.04% |
|
5 Year VRM |
semiannual |
15 years |
15/30 years |
3.54% |
3.34% |
|
7/1 ARM* 10/1 ARM* |
semiannual semiannual |
15 years 15 years |
25 years 25 years |
3.70% 3.83% |
3.63% 3.70% |
|
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 25/30 years 20 years |
3.74% 4.06% 4.25% 4.56% |
3.44% 3.71% 3.90% 4.26% |
|
30 year Fixed |
semiannual |
30 years |
30 years |
4.70% |
4.35% |
We are here to serve you.
Call if you just need someone to bounce ideas off of.
References provided upon request.
This is not all of our products. Please call for other rate options.
Loan origination fee of .5% on loans $400,000 and higher. .75% on others.
References provided upon request. Most of our loans come from referrals of satisfied customers.
Over $200,000,000 in loans written to help farmers.
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
