Refinancing

If you want to refinance your current home, Farm Credit offers financing options exclusively designed for people who 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
  
• Ability to convert your loan rate when interest rate environments offer savings
  
• Local servicing of your account - your loan is not resold
  
• Quick approval and loan closings, affordable payments
  

The Rate Saver Program is Farm Credit's way to save money on your mortgage loan!  With this product, your interest rate can be a quarter to one-half percent lower and that translates into thousands of dollars saved over the life of your loan.   By agreeing not to make early principal payments during the first 3 to 5 years of your loan contract, your interest rate will be reduced.  In today's rate environment, this might be the right product for you.
Convertible Rate Loans are hard to beat. These loans offer a 15-, 20- or 30-year financing period (you choose the one that meets your budget). However, your rate is fixed for a shorter duration, making your interest rate even more competitive.
For more information regarding country home refinancing and to see if you qualify, visit our Home Financing Eligibility page.  You can also request a free copy of our program brochures.