Agricultural Lending

We understand the importance of agriculture in the economy.

AgEquity Revolving Line of Credit

The AgEquity program is a revolving line of credit secured by a first mortgage on agricultural real estate. It is tied to a variable rate mortgage (VRM) product which may adjust on the first day of each month.

No annual renewal
10-year draw period
25- and 30-year terms
Advances are to be used for agricultural purposes (including agricultural business operations)
Unlimited number of draws and repayments during the draw period
Minimum loan size of $50,000
No unused commitment fees (i.e., non-use fees)
AgEquity loans are not eligible for AgXpress, Fast Track underwriting or Choice pricing

Adjustable Rate Mortgage (ARM)

The 7/1 and 10/1 adjustable rate mortgage (ARM) products have a fixed interest rate for the initial 7 or 10 years, then adjusts annually thereafter until maturity. If the amortization selected is greater than the term, a balloon payment will result at loan maturity.

Product/Initial Period	Maturity/Term	Amortization
7/1	15 years	15 or 25 years
10/1	15 years	15 or 25 years

Fixed Rate Mortgage

Fixed rate products have a fixed interest rate for the entire loan term. If the amortization exceeds the term, the loan will have a balloon payment at maturity.

Fixed Period	Maturity/Term	Amortization
7 years	7 years	15 or 25 years
10 years	10 years	10 years
15 years	15 years	15 or 25 years
20 years	20 years	20 years
25 years	25 years	25 years
30 years	30 years	30 years