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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.