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.
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Fixed Rate Loans
provide maximum rate stability. You can lock in your rate for 10, 15, or 20 years.
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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.
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Variable Rate
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.
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Multi-Rate
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.
