Lone Star Ag Credit offers a variety of competitively priced variable and fixed
interest rate programs to fit our customers' needs and objectives.
Rates change daily and are affected by many variables. We are certain to have a loan program that is right for you.
Farm and Ranch & Recreational Real Estate
Loan Terms — We offer flexible loan terms to create a financing package that meets our customers' rural property financing needs. Currently we feature the following terms:
The above rate programs are our basic product offerings. Multiple pricing options are available.
Amortization on any of these can range from 5 to 30 years, depending on your needs and the loan purpose. We also offer interest-only construction loans that convert to fully amortized permanent financing upon the completion of construction. These loans feature a one-time closing.
Operating, Equipment and Livestock
Loan Terms — We offer flexible loan terms to meet your needs for your specific operation. Currently we feature the following terms:
The above rate programs are our basic product offerings. Please call to discuss specific terms to meet your individual short-term needs.
Rural Homes
We offer the homeowner desiring to live in Rural America long term fixed rate financing. Currently we feature the following terms:
Rates change daily and are very competitive to a typical mortgage company.
Call one of our offices today for the current rate.
Patronage
As an owner of Lone Star Ag Credit, borrowers purchase stock or participation certificates in the cooperative equal to 2% of their loan amount or $1,000.00, whichever is less. The board of directors elected by you, the borrower, evaluates the performance and financial condition of the association at the end of each year and may declare a distribution of a portion of net income to borrowers in the form of a patronage. In previous years, the board has elected to reduce stock investment in the cooperative instead of paying a patronage.
This patronage distribution reduces the cost of borrowing money with the association and is just another benefit of being a member of Lone Star Ag Credit. In the last five years, Lone Star Ag Credit returned capital in the amount of $21,400,000. In 2004, Lone Star Ag Credit gave $6 million back to the borrowers in the form of a patronage being equal to 1 1/2% reduction in your interest rate.
