Farmer Mac: Moneysmartz Profile
Farmer Mac - The Federal Agricultural Mortgage Corporation, commonly known as Farmer Mac, is a stockholder-owned, federally chartered instrumentality of the United States. Farmer Mac was created by Congress in 1988 to establish a secondary market for agricultural real estate and rural housing mortgage loans and to increase the availability of long-term credit at stable interest rates to American farmers, ranchers and rural homeowners.
From a consumer perspective, Farmer Mac helps farmers and ranchers find flexible loan terms, including adjustable rates and fixed rates from 20 to 30 years, with a choice of lenders at competitive rates.
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