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Thursday, September 02, 2010
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Lenders >> ICBA/Farmer Mac Program >> Home
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ICBA/Farmer Mac Program
Ready, Set, Grow!
Community and rural banks looking for innovative loan products to best serve their agricultural customers have realized the value-added services of Farmer Mac’s secondary market since 1991. Beginning January 2009, ICBA bankers can receive valuable benefits from the Farmer Mac secondary market as part of the new ICBA/Farmer Mac Program.
Benefits of the ICBA/Farmer Mac Program:
Preferred pricing for the following Farm and Ranch Loan program products:
10-Year Variable Rate Mortgage (VRM) with a 15 or 20-year maturity date
10-Year Variable Rate Mortgage (VRM) with a 25 or 30-year maturity date
5-Year Variable Rate Mortgage (VRM) with a 10, 15, 20 or 25-year maturity date
1-Month LIBOR ARM with a 15 or 25-year maturity date
Enhanced customer service featuring quick and responsive answers through an e-mail hotline
icba@farmermac.com
. Whether your question involves a loan product, interest rate or a credit parameter, you will receive a quick response utilizing this hotline.
“On Demand” instructions for your agricultural lending staff.
ICBA Ag Banker Testimonials
“The ICBA-Farmer Mac partnership - with its special discounted rates - will give us and other community banks some new tools and a leg up in the farm real estate lending arena.“
John Evans, Jr.
CEO
D.L. Evans Bank
Burley, ID
“This new program is a “win-win.” Our customers win by gaining access to loan terms as long as 30 years; the bank wins with a new source of liquidity and ability to serve a full array of customers, including those with large borrowing needs.”
Ken Walsh
President
Ruby Valley National Bank
Twin Bridges, MT
“Citizens State Bank is a long-time Farmer Mac Seller. Working through Farmer Mac we can give our customers long-term competitive rates that the bank cannot offer. Farmer Mac also supplies us with liquidity that allows us to grow our ag loan portfolio.”
Citizens State Bank of Loyal
Gary R. Weirauch
CEO
Citizens State Bank
Loyal, WI
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