Adjustable Rate Loans
The interest rate on our adjustable rate loans is periodically adjusted up or down at pre-established intervals, based on Association management of and current funding costs at the time. The company manages rates based on a variety of factors, including the net interest margin, the desired rate of return, costs associated with lending and recent and long-term rate history. Payments change over time on an adjustable rate farm real estate loan, as the rate changes. Adjustable rates create an environment of shared interest risk between the lender and the borrower. Borrowers benefit as interest rates fall, and pay more as they increase.
Farm Credit Southeast Missouri's loan officers can work with you to choose the loan that's right for your individual needs. Contact your local Farm Credit Southeast Missouri office today for expert advice.