802 N. Providence Rd., Columbia, MO 65203 (573) 442-5214 /(800) 766-2841 mals@midamland.com  
 
 
   

 

property appraisals
real estate
sales
farm loans
eminent domain & litigation


Contact us by phone:

(573) 442-5214
(800) 766-2841

or email

 

 
Zions Agricultural Finance

ZIONS SECONDARY MARKET LOANS


Rates & Terms for 4 Week Rate Lock Loans August 17-21, 2015

Loan TypePaymentTermAmortizationRate/Std.Rate/Platinum
Open Prepayment Products
Ag Equity Libor-LOCS/A20/25/3010/15/20 years2.50
Zions 1 Mo ARMMo, S/A 15 years15 or 25 years2.49
Zions 1 ARMMo, S/A 15 years15 or 25 years2.78
Zions 3 ARMMo, S/A 15 years15 or 25 years3.36
Zions 5 ARMMo, S/A 15 years15 or 25 years3.91
Zions 3/1 ARMMo, S/A 15 years15 or 25 years2.96
Zions 5/1 ARMMo, S/A 15 years15 or 25 years3.33
Zions 7/1 ARMMo, S/A 15 years15 or 25 years3.62
Zions 10/1 ARMMo, S/A 15 years15 or 25 years3.90
10-Year VRMMo, S/A 15/20 15/20 years4.68
10-Year VRMMo, S/A 25/3025 or 30 years4.78
15-Year VRMMo, S/A 20 years20 years4.79
15-Year VRMMo, S/A 25/30 years25 or 30 years5.06
10-Year FixedMo, S/A 10 years10 years4.37
15-Year FixedMo, S/A 15 years15 years4.64
15-Year FixedMo, S/A 15 years25 years5.01
Partial Open Prepayment Products
10-Year FixedMo, S/A 10 years10 yearsNo Quote
15-Year FixedMo, S/A 15 years15 yearsNo Quote
15-Year FixedMo, S/A 15 years25 yearsNo Quote
20-Year FixedMo, S/A 20 years20 yearsNo Quote

  • OPEN PREPAYMENT PRODUCTS – Open Prepayment on any date. Prepayments between payment dates require interest to next payment date.
  • PARTIAL OPEN PREPAYMENT PRODUCTS Partial open prepayment for first three years on 10 year fixed rate product and for first five years on 15 and 20 year fixed rate products with open prepayment option thereafter. Prepayments between payment dates require interest to next payment date.
  • ARM PRODUCTS Fixed interest rate for first 3, 5, 7 or 10 years. Rate adjusts annually thereafter.
  • VRM PRODUCTS10 year VRM’s have a fixed interest rate for 10 years and adjusts every 10 years thereafter to an interest rate term equal to the initial interest rate term. Term and Amortization must be equal.
  • PAYMENT DATES Semi-annual payments are January 1 and July 1 or April 1 and October 1. Monthly payments are the first of each month.
  • INTEREST RATES ARM rates are effective for above dates. Fixed rates are determined at time of rate lock. Loans may be rate locked any business weekday from 10:00 AM to 2:00 PM CST.
  • CONVERSION OPTION Borrower may elect to convert a 1, 3 or 5 year ARM to another convertible product on any payment date (Multiple conversions allowed).
  • PLATINUM RATES Platinum interest rates must meet higher underwriting standards.
   
 

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