Lender Access	Farm and Ranch Mortgage Loans	Farmer Mac III Options	Loan Delivery	Products	Portfolio Programs
Portfolio Programs LTSPC Farmer Mac enters into Long-Term Standby Purchase Commitments (LTSPCs) for Qualified Loans. Farmer Mac’s commitments through LTSPCs include either pre-existing (“seasoned”) or newly originated eligible loans, and are part of the Farmer Mac I program.  [Click Here for Details] Swap In a swap transaction, Farmer Mac creates a mortgage-backed security from Qualified Loans submitted by the Seller (Farmer Mac I or Farmer Mac II Qualified Loans). The security is then held by the Seller as an investment, having shifted the credit risk to Farmer Mac.  [Click Here for Details] AgVantage Farmer Mac purchases and guarantees mortgage-backed bonds collateralized by Qualified Loans, which are referred to as AgVantage securities, a category of Farmer Mac Guaranteed Securities and part of the Farmer Mac I program.  [Click Here for Details]