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Tuesday, September 07, 2010
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Lenders >> ICBA/Farmer Mac Program >> Program Rates
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Program Rates
Farmer Mac Farm and Ranch ICBA Rates
Posted on: 9/3/2010 10:41 AM ET
ICBA/Farmer Mac Program Special Products and Pricing *
(Annual- and monthly-pay options also available)
Products
Term
Amort.
Reset Margin
Semi-Annual Pay Standard
Semi-Annual Pay Choice
**
ICBA Open Prepayment Products *
1-Mo ARM LIBOR
15
15 | 25
1.50%
1.85%
1.65%
10-Yr VRM
15 | 20
15 | 20
4.78%
4.58%
10-Yr VRM
25 | 30
25 | 30
4.88%
4.68%
ICBA Yield Maintenance Products
5-Yr VRM
10|15|20|25
10|15|20|25
3.49%
3.29%
* While all of Farmer Mac’s Farm and Ranch loan products are available to ICBA/Farmer Mac Program participants, the four products listed above have been selected for special discounted pricing that allows Program participants to enjoy a discount on these products as compared to the standard Farmer Mac rate sheet.
Rate lock hours: 10:00 A.M. to 3:00 P.M. ET.
Add 15 bps for the annual pay option; substract 5 bps for monthly pay.
Indicated rates are for 4-week rate locks only. 1-week and 8-week rate locks are also available for most products. Call for pricing.
See the Farmer Mac Seller/Servicer Guide (www.farmermac.com) for product descriptions.
Lenders must add a minimum 10 bps and maximum 150 bps Field Servicing Fee.
Choice rates are offered to higher quality credits.
** If underwritten as a Fast Track I loan, add 10 bps to these choice rates listed.
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