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Thursday, September 09, 2010
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Lenders >> ICBA/Farmer Mac Program >> FAQ
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Program FAQ
What are the major benefits of the new ICBA/Farmer Mac Program?
The major benefit to ICBA banks is discounted pricing on selected Farmer Mac loan products. This discount gives ICBA banks a competitive advantage in the ag real estate market place.
Who is eligible to join the ICBA/Farmer Mac Program?
The Program is open to all ICBA members who are also approved Farmer Mac Sellers. Not sure if you are an approved Seller? Contact Farmer Mac at
icba@farmermac.com
and we will let you know.
How does my bank become a Farmer Mac Seller?
All Sellers must complete a Seller Application, execute a Seller/Servicer agreement and own Farmer Mac Class A voting stock. More details on
Becoming a Seller
can be found on our website.
What type of loans does Farmer Mac buy in the ICBA/Farmer Mac Program?
Farmer Mac purchases first-mortgage agricultural real estate loans. These properties can be bare land or improved properties.
How can my bank learn more about the details of submitting a loan to Farmer Mac?
"On Demand" web-based training is available to all ICBA members. To schedule your session contact Former Mac at
icba@farmermac.com
or 800-879-3276.
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