Real Estate Mortgages for:

• Purchase of real estate
• Refinance of existing mortgages
• Completion of real estate improvements
• Consolidation of debts

Clark Jennings and Associates, through Life Insurance Companies, Farmer Mac, Secondary Market Funds and FSA Guarantees offers a variety of loan products to meet your agricultural mortgage needs. These choices allow clients the flexibility to select the right lender to fit their operation.  We offer financing packages from $100,000 and upward, with size depending on the lender.  All loans are secured by 1st mortgages on real estate.  

We offer loans to a variety of farming enterprises such as:

• Irrigated row crop operations (potatoes, beans, corn, etc.)
• Dry land wheat, barley, sunflower and other feed grains
• Dairy operations
• Ranches
• Orchards (apples, cherries, other soft fruit, filberts)
• Nurseries
• Agri-business facilities which are part of diversified farming operations
• Grass seed operations
• Vineyards and wineries

For Information contact:

Steve Weber  - 509-248-5600 or cell 509-952-0776

*sample of our current rates and programs can be seen below

Farmer Mac Programs

• Rates & Terms for 4 Week Rate Lock

Rates for Week of August 2, 2010
Loan	Payment	Term	Amortization	Rate	*Platinum
1 Mo. Libor	Mo, S/A (O.P.)	15 yr	15 or 25 yrs	2.50	2.30
3 Yr ARM	Mo, S/A (O.P.)	15 yrs	15 or 25 yrs	3.80	3.60
5 Yr ARM	Mo, S/A (O.P.)	15 yrs	15 or 25 yrs	4.50	4.30
7/1 ARM	Mo, S/A (O.P.)	15 yrs	15 or 25 yrs	5.50	5.40
10/1 ARM	Mo, S/A (O.P.)	15 yrs	15 or 25 yrs	5.60	5.40
10 Year Fixed	Mo, S/A (O.P.)	10 yrs	10 yrs	5.30	5.10
15 Year Fixed	Mo, S/A (O.P.)	15 yrs	15 yrs	5.70	5.50
15 Year Fixed	Mo, S/A (O.P.)	15 yrs	25 yrs	6.00	5.80

 

• OPEN PREPAYMENT PRODUCTS- (O.P.) Open prepayment on any payment date.  Prepayments between payments, requires interest to next payment date.
• PAYMENT DATES-Semi-annual payment are January 1 and July 1.  Monthly payments are the first of each month.
• INTEREST RATES-Arm rates are effective for the above dates.  Fixed rates are determined at time of rate lock.  Loans may be rate locked any business weekday from 10:00Am to 2:00 PM CST.
• PLATINUM RATES- Platinum interest rates must meet higher underwriting standards.
• ARM PRODUCTS-Fixed interest rate for first 3, 5, 7 or 10 years.  Rate adjust annually thereafter.
• 1 MO. LIBOR-Rate resets very 30 days.  Payments based on amortizations up to 25 years.  Can convert into a 3 yr, 5 yr or 10 yr product on payment date.

 FSA Guaranteed Loans

FSA Guaranteed Real Estate Loans are available through Clark Jennings and Associates in the States of Washington and Oregon. Rates and terms for the different products are listed below.

Rates for August 2, 2010
Loan	Payment	Term	Amort.		Rate
5 Yr Rest	Mo, S/A	25 yrs	25 yrs		5.60%
10 Yr Reset	Mo, S/A	25 yrs	25 yrs		6.85%
15 Yr Fixed	Mo, S/A	15 yrs	25 yrs		7.15%
20 Yr Fixed	Mo, S/A	20 yrs	20 yrs		7.15%
25 Yr Fixed	Mo, S/A	25 yrs	25 yrs		8.10%

Minimum size loan $100,000;  Maximum size $1,112,000