An agency of the federal government that makes mortgage loans on rural property to farmers and to individuals who provide services to farmers and ranchers. Loans are made at below-market interest rates. Borrowers are required to purchase stock in their local land bank association, which serves as additional security for the loan.
The Federal Land Bank is an agency that provides mortgage loans on rural property to farmers and individuals who offer services to farmers and ranchers. Borrowers must purchase stock in their local land bank association, which serves as extra security for the loan.
