FIGFCU Agency Loans | Low-Rate Financing To Grow Your Agency
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Save on Your Loan Rate: Enjoy a special 2% discount when you set up Direct Deposit and automatic payments—simplify your banking and boost your savings!
Farmers Insurance Federal Credit Union

Routing Number: 322077795

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Agency Loans

We’ve Got Our Agents' Backs.

You’ve got access to a 2.00%* rate discount on most agency loans, but only with Direct Deposit.
 

Agency Secured/CV Loan

These loans are designed to help Farmers agents borrow against their established Contract Value (CV) and get our lowest agency loan rates. And we make the application process quick and easy, so you get your money faster.

  • Rates as low as 8.49% APR+
  • Borrow up to 60% of your Contract Value3
  • Up to a 15-year term

Learn more about Agency Secured Loans

Apply Now
Agency Secured/CV Line of Credit

While you can’t anticipate the unexpected, you can be prepared for it. And, if you have established Contract Value (CV), you may qualify for a line of credit, which you could access anytime for unplanned agency costs.

Learn more about Agency Secured Line of Credit

Apply Now
Business Secured Loan

Our multi-purpose Business Secured Loan allows agents to receive an exceptional-value “Swiss Army Knife” loan that provides low-cost, flexible financing in one convenient package. 

  • Terms up to 84 months
  • Borrow up to $100,000
  •  Rates as low as 12.74% APR*

Learn more about our Business Secured Loan

Apply Now


 

Business Secured Line Of Credit

Every expense or emergency cannot be planned for, but you can be prepared. Our Business Secured Line of Credit allows you access to funds when you need it most. 

  • Borrow up to $100,000
  • Rates as low as 14.49% APR*

Learn more about Business Secured Line of Credit

Apply Now

Agency Staffing Loan

Our Agency Staffing Loan is specially designed to make paying for new staff easier. 

Agency Staffing Loan is a great way to get your new hire up and producing. And with our competitive rates, you and your cash flow will like the affordable monthly payments.

Staffing up for a faster, better recovery is now within reach!

Learn more about Agency Staffing Loan

Apply Now
Commercial Real Estate (CRE) Loans

Stop putting money into someone else’s pocket. Buy your office space with a Credit Union CRE Loan. You can borrow up to 75% of your Contract Value toward the down payment (owner-occupied property only), if building is/will be financed with the Credit Union on new office space or for refinancing your current building. Otherwise, Agents can borrow up to 60% of Contract Value. Both fixed and variable rates are available (depending on your qualifications) on loans from $50,000 to $5,000,000.

  • Financing available for Offices, Office Condos, Retail/Retail Strip, Apartment Buildings 5-Units+
  • Terms up to 15 years*
  • Amortization up to 30 years
  • No pre-payment penalties
  • Minimum 20% down payment required.
  • Investment property financing available (rates and terms are subject to property type and leases)

*Owner Occupied Properties Only and Maximum 65% LTV

Learn more about Commercial Real Estate Loans.

Agency Acquisition Loan

Thinking of buying an agency? The Credit Union makes the agency purchasing process simple.

  • Borrow against your Contract Value (up to 75%) with rates as low as 8.49% APR9

Need more money?

  • Get an Agency Acquisition Loan with rates as low as 12.99% APR†
  • Terms up to 180 months
  • Easy application process means you get your money quickly

Learn more about Agency Acquisition Loan

Apply Now
Protégé Loans

Our Protégé Loan program was developed specifically to meet the needs of established Farmers agents and their agents in the program. Our low rates help keep loan payments low, while supporting a protégé before they start producing. They are also a great way for new agents to seed and build a business while cash flow is tight.

Learn more about Protégé Loans

Apply Now
Preferred Agent Mortgage (PAM)

If you deduct big tax write-offs—or don’t have 2 years of tax returns—your bank will probably penalize you. Not here. We can use your Folio and Statement of Operations to help get you qualified and on better terms/rates. 

  • Maximum Loan-To-Value: 80%
  • FICO 620+
  • Fixed and Adjustable Rate options 

Learn more about Preferred Agent Mortgage

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*Offer valid on Direct Deposit Payroll enrollment into a Credit Union share account. This offer may be withdrawn at any time. Only Farmers’ employees qualify for payroll deposit up to two days early. Subject to employer and/or payer terms and conditions. FIGFCU will generally post Farmers payroll direct deposits on the day they are received, which will be up to two days earlier than the scheduled posting date. Other exceptions may apply.

  • Direct Deposit/Agent Net Check into a FIGFCU Checking Account (either High Yield or CashBack) and Automatic Payment/Folio Deduction to the loan is required.
  • Loan and checking account with DDEP must be under Primary Membership. (Checking/DDEP can NOT be to a joint checking account under a different membership.)  

†2.00% rates discount is for a minimum of $1,000 monthly Direct Deposit into a Farmers Insurance Federal Credit Union Checking Account and Automatic Payment/Folio Deduction as a repayment method to qualify. Rates are subject to change at anytime.

APR = Annual Percentage Rate. APR is the annual rate of interest that is paid on an investment, without taking into account the compounding interest within that year. Rates are subject to change at anytime.

Rates discount is for a minimum of $1,000 monthly Direct Deposit into a Farmers Insurance Federal Credit Union Checking Account and Automatic Payment/Folio Deduction as a repayment method to qualify. Rates are subject to change at anytime.

DIRECT DEPOSIT / 2% LOAN DISCOUNT PROMOTION: Up to 2.00% APR (Annual Percentage Rate) discount on qualifying loan is for a current or newly established minimum of $1,000 monthly Direct Deposit or Agent Net Check into a Farmers Insurance Federal Credit Union Checking Account and Automatic Payment/Folio Deduction as a repayment method to qualify. Offer subject to change or cancellation at any time. Direct Deposit loan rate discount available if at a time prior to loan funding (a) Member has a current or newly established recurring monthly Direct Deposit of at least $1,000 from net pay, pension, or government benefits, and (b) Member is obtaining a FIGFCU loan. Maximum available loan rate discount of 2.00% if Member is eligible to combine Direct Deposit discount with other available discount a maximum of 2.00% shall be applied. If Direct Deposit stops before loan is paid off, loan interest rate will increase by 2.00%. Other restrictions may apply. All loans are subject to credit approval. Rate and terms are subject to change without notice. 

Promotion Offering applies only to Consumer accounts, which must be in good standing. Guardian, rep payee or executor, collections charge-off, business, and/or organizational accounts are ineligible. Must be 18 years of age or older. FIGFCU reserves the right to end or modify this promotion without notice. Member cannot take advantage of this promotion more than once. Promotion cannot be combined with any other account promotion for a discount over 2.00%. Visit figfcu.org for account details, minimums, and fees. Federally insured by NCUA. Subject to employer and/or payer terms and conditions. FIGFCU will generally post payroll Direct Deposits on the day they are received, other exceptions may apply. Promo Period: September 3, 2024, until December 31, 2024. (Terms updated 11/14/24). Signature Loans, Business Signature Loans and Agency Acquisition Loans not eligible for refinancing. 

Available to new and existing Members who apply for eligible loans during the promotional period. Direct Deposit in the amount of $1,000.00 or more monthly or Agent Net Check into a FIGFCU Checking account (either High Yield or CashBack) and Automatic Payment/Folio Deduction to the loan is required. Signature Loans, Business Signature Loans and Agency Acquisition Loans not eligible for refinancing. Refinance Fees are as follows: Vehicle Loans - $200 refinance fee unless $4,000 in new money is added to the loan. Agency/Business Secured Loans - $400 refinance fee unless $10,000 in new money is added to the loan. Home Equity Loans/HELOC's - $500 refinance fee for loans booked within the last 12 months unless $20,000 new money is added to the loan. Interest rate shown on final loan disclosures will be the higher rate prior to the discount. Loan will be booked with the lower discounted rate. Direct Deposit Addendum will be signed with closing loan disclosures.