Farm Credit of the Virginias

Oct 2024

I have had a mortgage, and a farm expense credit line with Farm Credit for 20 years. I refinanced the mortgage two or three times over that period of time and finally paid it off last year. When a mortgage rate is quoted, it seems higher than the cutthroat loans you can get by shopping around with loan brokers who invariably sell the loan, meaning you must work with a bank or credit union you have no prior relationship with. Farm Credit does not sell their loans and they pay an annual co-op rebate which was always so generous that it effectively lowered the lending rate by at least 2% And some years by 3%. So a 6% loan felt like a 3% or 4% loan at the end of each year....read full review