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FM Approved LenderFarmer Mac offers competitively-priced loans and a variety of term options – including long-term fixed rate loans – all while maintaining a local banking relationship with Iowa State Bank!

Farmer Mac Loan Highlights:

  • No minimum loan size
  • Terms from 7 to 30 years with amortizations ranging from 10 to 30 years
  • Competitive interest rates
  • Adjustable and variable rate options available
  • Fixed rates up to 25 years help to reduce your exposure to rate risk!
  • Open pre-payment without penalty on most products
  • Funds can be used for real estate purchases, refinancing and improvements

Types of Eligible Real Estate:

  • Row-crop farmland
  • Pasture
  • Livestock production facilities
  • Packing houses
  • Other facilities closely related to production agriculture

The Federal Agricultural Mortgage Corporation, commonly known as Farmer Mac, is a government-sponsored entity, established by Congress as a secondary market for agricultural mortgages and rural utility loans.