Rates effective as of Jan. 4, 2021. Farm loan rates below:
Loan Type |
Payment |
Term |
Amortization |
Rate* |
Choice |
Ag Equity Line |
NA |
5-10 years |
varies |
2.56% |
NA |
1 month VRM 1 Year VRM |
semiannual semiannual |
30 years 15 years |
30 years 15/30 years |
2.50% 2.70% |
2.15% 2.38% |
3 Year VRM |
semiannual |
15 years |
15/30 years |
3.08% |
3.00% |
5 Year VRM |
semiannual |
15 years |
15/30 years |
3.18% |
3.03% |
7 Year VRM 10 Year VRM |
semiannual semiannual |
30 years 30 years |
30 years 30 years |
3.43% 3.50% |
3.23% 3.15% |
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 |
3.32% 3.55% 3.75% 3.93% |
2.97% 3.20% 3.40% 3.56% |
30 year Fixed |
semiannual |
30 years |
30 years |
4.19% |
3.84% |
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