Country Home Loans

Whether you are buying your first home, upgrading to accommodate a growing family or are looking to refinance your current home, we offer several financing options exclusively designed for people who live or desire to live in the country.
  • Competitive fixed and adjustable rates
  • No requirement for expensive Private Mortgage Insurance (PMI)
  • No requirement to freeze your money in a non-interest bearing escrow account
  • You can prepay at any time without penalty
  • Ability to convert your loan rate when interest rate environments offer savings
  • Ability to lock in your rate
  • Local servicing of your account - your loan is not resold
  • Quick approval and loan closings, affordable payments

Which Financial Program is right for you? 

Convertible Rate Loans
This is a blend of savings and security. You choose a fixed rate period that you're comfortable with and get the savings for opting for a shorter period. For example, with the 5/30 Convertible Loan, your loan rate is fixed for 5 years with the length of your loan up to 30 years. You enjoy the savings of a lower initial rate compared to 20- or 30-year fixed rate loans.
  • You choose a 5-, 10- or 15-year initial fixed rate period
  • Loans can have terms up to 30 years making your monthly payments less
  • Convertible rates are often lower priced than conventional fixed rate loans
Fixed Rate Loans
These products provide a fixed rate for the entire life of the loan. If rates should drop in the future, you may be able to convert to a lower-interest rate loan.
  • Provide security of a full fixed rate that never changes
  • Available for 10, 15, 20, 25 or 30 years with matching terms
  • Rates can be locked-in before closing, giving you the advantage of a low market
Adjustable Rate Loans

Commonly referred to as ARMs, you can select a 30-day adjustable rate that can change up or down each month. Another product is the 1-year convertible rate mortgage. This loan features a fixed rate for 12 months which re-prices annually. There's a limit (or cap) on how much your interest rate can adjust each year and over the life of the loan.
  • Offer greater savings than the fixed rate and the convertible rate mortgages
  • You can convert to a fixed rate at any time
For more information regarding qualifications for financing, visit our Home Financing Eligibility page.



Resource Center

Interest Rates

To get the latest interest rate information, please contact your local Farm Credit Mid-America office at 1-800-444-3276. You may also find and contact your office through our Office Locator or send us an email.