Which product is right for you?

Rate Saver

The Rate Saver is Farm Credit's newest 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.  If you think about it, how often do you make early payments on the first few years of your loan?  In today's rate environment, this might be the right product for you.

Convertible Rate Loans

One of our best selling products is the convertible loan because it offers a blend between savings versus 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. 

National statistics indicate most mortgage loans never last beyond five years, so many times, by the time the loan reaches the end of your fixed rate period, you have either purchased a new home, refinanced or paid off your loan.

• 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 more competitive than conventional fixed rate loans.

Fixed Rate Loans

These products provide a fixed rate for the entire life of the loan. And 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.