Whether you're financing a new land purchase, refinancing a current mortgage or land contract, or making farm improvements, FCI has been a leader in competitively priced farm real estate loans for over 100 years. Farm Credit Illinois provides you with rate and term options customized for your unique requirements.
Terms & Rate Options
The majority of our farm real estate loans are fully amortized for 20 years, which means lower, more manageable payments. Shorter terms — as low as five years — also are available. Choose from annual, semi-annual, or monthly payment schedules. Our standard loans have no balloon payments so you won't be forced to renew or refinance at a later date when rates could be higher. And with no pre-payment penalty, you can pay ahead or pay off your loan at any time. Select an interest rate option that best meets your needs.
Fixed Rate Loans
provide maximum rate stability. You can lock in your rate for 10, 15, or 20 years.
Adjustable Rate Loans
allow you to lock in rates for one, two, three, five, seven, 10 or 15 years, providing you added flexibility to take advantage of changing market conditions.
is the most market-sensitive rate because it can change monthly. Historically, our variable rate has provided the most interest savings over the life of a loan.
provides maximum interest rate protection by allowing you to place part of your loan on a longer-term fixed or adjustable rate and part on a shorter-term adjustable or variable rate, so whichever way interest rates move, you're protected.