Indexed adjustable rate loans available on Farm Real Estate Loans have an initial rate that is fixed for 12 or 36 months intervals based on the published Prime Rate or LIBOR (London Interbank Offering Rate). The loans will reprice at the end of each pricing term based on a pre-established spread to the assigned index.
Indexed adjustable rate loans available on Rural Home Loans have an initial rate that is fixed for 1, 3, 5, 7, or 15 years and then reprice annually based on the 1-year Farm Credit Bond market index.
Progressive Farm Credit’s loan officers can work with you to choose the loan that’s right for your individual needs. Contact your local Progressive Farm Credit office today for expert advice.