Here's the Deal You've Been Waiting For!
GreenStone is always working to give you the best rates possible, and we’re excited to bring this offer to you! To plug into a great rate today, contact your local team!.
Now through the end of the year, we're featuring a special low 2.99% rate on select new short-term loans.*
Enjoy this low 2.99% rate on new loans with the following loan terms:
- 5/25 loan (5-year adjustable rate, then 25-year fixed rate loan)
- 5-year fixed rate farm IT loan (suitable for equipment, operating or other short-term farm loans)
- 5-year fixed rate farm real estate loan
Sound good? Let’s look at the specifics.
2.99% APR on 5-year fixed rate loan
For instance, a 5-year loan of $100,000 at 2.99% would have a monthly payment of $1,796.42, or annual payment of $21,829.22 for every $100,000 financed.
A down payment may be required. This payment example does not include taxes or insurance premiums, and the actual payment could be greater. Applicant subject to credit approval and other qualifying criteria. 2.99% rate is applicable to designated new loans; the interest rate does not apply to refinancing of current GreenStone loans.
2.99% APR on 5-year adjustable rate and 5/25 adjustable rate loans
A 30 year, $100,000 loan would look like this: 12 monthly payments of $421.06 (or $5,095.33 annually) for each of the first 5 years, then $933.46 (or $11,300.24 annually) at 11.99% (9% annual & lifetime cap) for the next 25 years. That’s $6,715.36 annually for first 5 years, then $11,772.56 for the next 25 years.
The 5-year adjustable loan will reprice to current market rate is at the 5-year reprice date. This example does not include taxes or insurance premiums, and the actual payment could be greater. Applicant subject to credit approval and other qualifying criteria. 2.99% rate is applicable to designated new loans; the interest rate does not apply to refinancing of current GreenStone loans.
These loans are adjustable-rate products. The rate will adjust 5 years after initial 5-year term is complete. The 5-year adjustable loan does not have annual or lifetime caps while the 5/25 has a 9% annual and lifetime cap.
For the 5/25 loan option, the rate will adjust 5 years after initial 5-year term is complete and will then be locked for the remaining 25 year term.
Please note: The advertised extension of credit may exceed the fair market value of the dwelling, and the interest on the portion of the credit extension that is greater than the fair market value of the dwelling is not tax deductible for federal income tax purposes. Consumers should consult a tax advisor for further information regarding the deductibility of interest and charges.
Those are the details! We look forward to working with you to get this great rate secured. As always, we’re ready, we’re excited, and we want to help you get the loan you need. Contact your local GreenStone office today to determine if you qualify to benefit from this rate special.
*Provided that eligibility requirements are met. All loans are subject to credit approval and eligibility. Rate applies to qualifying new loans within the specific loan terms, closed September 1, 2021 through December 31, 2021.