Utah refinance mortgage loan

ZIONS AGRICULTURAL FINANCE - a division of Zions First National Bank - ranks as one of the nation's top originators of agricultural real estate mortgage loans. Zions Bank, a subsidiary of Zions Bancorporation, is headquartered in Salt Lake City, Utah.

"Zions is recognized as a leader in this field, largely due to our long-standing commitment to agriculture," said Patrick "Rick" Floyd, national manager, Zions Agricultural Finance. "With lending officers or correspondents in 31 states, Zions Agricultural Finance is committed to providing rapid farm mortgage loan decisions for farmers and ranchers nationwide seeking to acquire, expand or refinance their land."

Zions Agricultural Finance's top five team members possess more than 124 years of lending experience.

"Zions has the advantage of using modern products designed to ease lending to farmers. We have helped hasten the process for farmers and bankers alike," said Keith Thompson, a northeast Arkansas lender with Zions.

Thompson said agricultural mortgage loans for less than $750,000 can be fast-tracked with farmers providing their most current year-end financial statements. The loans can be written as fixed rate or adjustable rate mortgages.

Zions recently created an ag mortgage product called the 10/1 ARM which features a fixed interest rate for the first 10 years. Rates are adjusted annually thereafter. Farmers are drawn to the 10/1 ARM because it combines a low rate for a fixed period of 10 years without prepayment penalties.

Floyd said recent movements in interest rates have allowed Zions to offer unprecedented low rates when cash flow, loan-to-value and size of loan meet the underwriting criteria.

Zions Agricultural Finance maintains a national network of employee originators, correspondent bank relationships and mortgage brokers. For additional information, call Thompson at 870-486-2687 or go to the Zions Agricultural Finance Web site at www.zionsag.com.