Agricultural Real Estate Loans
There has never been a better time to lock in long term financing. With today's historically low rates, we can be certain that interest rates will rise in the future. We offer a wide variety of products to meet your specific needs, and help you attain the certainty and peace of mind that protection against interest rate risk affords. Maximum loan size per borrower of $11.0 million for loans secured by more than 1000 acres and $30.0 million for loans secured by 1000 acres or less.
Adjustable Rate LoansWe offer a variety of ARM's with 15 year terms, with an initial rate lock period available anywhere from 1 month to 10 years. All ARM's may be either fully amortized over the 15 term or placed on a 25 year amortization to lower your payments.
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Fixed Rate LoansWe offer a variety of Fixed Rate Mortages with terms available from 7 years all the way up to 25 years, with the same options for the initial rate lock period. The 7 year Fixed and 15 year Fixed are available with either a 15 or 25 year amortization option; while the remaining products will be fully amortized over their term of 10, 20 or 25 years.
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Variable Rate LoansWe offer a variety of VRM's with terms available from 15 years all the way up to 30 years, with either 10 year or 15 year options for the initial rate lock period. Both the 10 year VRM and 15 year VRM are available with 15, 20, 25 or 30 year full amortization options.
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Operating Lines of Credit
We have options available for your operating capital needs, including USDA FSA Guaranteed Operating Lines of Credit and AgEquity Real Estate Revolving Lines of Credit.
USDA FSA Guaranteed OLOCGuaranteed Operating Loans (OL) may be used to purchase livestock, farm
equipment, feed, seed, fuel, farm chemicals, insurance, and other operating expenses. Operating Loans can also be used to pay for minor improvements to buildings, costs associated with land and water development, family living expenses, and to refinance debts under certain conditions |
AgEquity Real Estate Revolving RLOCRevolving line of credit loan secured by a 1st mortgage on real estate with a revolving draw period of 5 or 10 years and a total loan term of up to 30 years. Loan proceeds may be used for on or off farm business purposes. Minimum loan size of $50,000 up to a maximum loan size of $30,000,000.
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Georgia Mac Loan Program Offered by Bank of Newington