• Home
  • About
    • Staff
    • Board of Advisors
    • Contact
  • Rates, Stats, Pricing
    • Current Debenture Pricing
    • Monthly 504 Interest Rate
    • Historical Rate Tables
    • Offering Circulars
    • 504 Monthly Approval Stat
    • Third Party Lender Stats
  • Commentary & Resouces
    • Weekly Market Commentary
    • CSA Contact & Resources
    • Fee Chart
    • 504 Rate Calculator
    • Debenture Dashboard
  • Funding & Talf II
    • Funding Calendar
    • Funding Resources
    • Talf II
  • More
    • Home
    • About
      • Staff
      • Board of Advisors
      • Contact
    • Rates, Stats, Pricing
      • Current Debenture Pricing
      • Monthly 504 Interest Rate
      • Historical Rate Tables
      • Offering Circulars
      • 504 Monthly Approval Stat
      • Third Party Lender Stats
    • Commentary & Resouces
      • Weekly Market Commentary
      • CSA Contact & Resources
      • Fee Chart
      • 504 Rate Calculator
      • Debenture Dashboard
    • Funding & Talf II
      • Funding Calendar
      • Funding Resources
      • Talf II
  • Home
  • About
    • Staff
    • Board of Advisors
    • Contact
  • Rates, Stats, Pricing
    • Current Debenture Pricing
    • Monthly 504 Interest Rate
    • Historical Rate Tables
    • Offering Circulars
    • 504 Monthly Approval Stat
    • Third Party Lender Stats
  • Commentary & Resouces
    • Weekly Market Commentary
    • CSA Contact & Resources
    • Fee Chart
    • 504 Rate Calculator
    • Debenture Dashboard
  • Funding & Talf II
    • Funding Calendar
    • Funding Resources
    • Talf II
Eagle Compliance LLC

MONTHLY 504 INTEREST RATE

NOTE: Effective rates are posted on this site upon receipt from the CSA.

Effective interest rates are calculated by the Central Servicing Agent after receipt of debenture pricing provided by the Fiscal Agent every month. They are posted here as soon possible and should usually be available the day prior to funding, at the latest. Twenty and twenty five-year debentures are pooled and sold the first Thursday of the first full week of each month (beginning with and including Sunday). 10-year debentures are pooled and sold the first Thursday of the first full week of every other month (beginning with and including Sunday) starting with the January sale. 

Approximate 504 Loan Rate Calculators

Important Note: The calculators provided below are approximations because Excel does not properly compute the initial, abbreviated six-month coupon of the debenture. CSA will deliver the effective rate each month. 

504 Effective Rate Calculator (xls)

Download

How Effective Rates are Calculated

If you have questions or get asked by TPLs or borrowers on how 504 Effective Interest Rates are calculated, the Fiscal Agent prepared the following presentation containing detailed information on funding a 504 loan and how the debenture and effective interest rates are determined. 


An additional resource that provides details on the funding process, "From Window to Wall Street," is available here. 

504 Rate Tutorial (pptx)

Download

Click here to view the file as a PDF.  

Comparative Loan Costs 
20 & 25 Year Debenture Effective Rate

Total Pool Size and Debenture Rate 

Past Effective Rate Tables

The following list provides tables for each month showing the 504 Effective Rates. The tables are in .pdf format and can be opened using Adobe Acrobat Reader.

2025 (by calendar year)

May (pdf)Download
April (pdf)Download
March (pdf)Download
February (pdf)Download
January (pdf)Download

2024 (by calendar year)

December (pdf)Download
November (pdf)Download
October (pdf)Download
September (pdf)Download
August (pdf)Download
July (pdf)Download
June (pdf)Download
May (pdf)Download
April (pdf)Download
March (pdf)Download
February (pdf)Download
January (pdf)Download

2023 (by calendar year)

December (pdf)Download
November (pdf)Download
October (pdf)Download
September (pdf)Download
August (pdf)Download
July (pdf)Download
June (pdf)Download
May (pdf)Download
April (pdf)Download
March (pdf)Download
February (pdf)Download
January (pdf)Download

2022 (by calendar year)

December (pdf)Download
November (pdf)Download
October (pdf)Download
September (pdf)Download
August (pdf)Download
July (pdf)Download
June (pdf)Download
May (pdf)Download
April (pdf)Download
March (pdf)Download
February (pdf)Download
January (pdf)Download

2021 (by calendar year)

December (pdf)Download
November (pdf)Download
October (pdf)Download
September (pdf)Download
August (pdf)Download
July (pdf)Download
June (pdf)Download
May (pdf)Download
April (pdf)Download
March (pdf)Download
February (pdf)Download

2020 (by calendar year)

December (pdf)Download
November (pdf)Download
October (pdf)Download
September (pdf)Download
August (pdf)Download
July (pdf)Download
June (pdf)Download
May (pdf)Download
April (pdf)Download
March (pdf)Download
February (pdf)Download
January (pdf)Download

2019 (by calendar year)

December (pdf)Download
November (pdf)Download
October (pdf)Download
September (pdf)Download
August (pdf)Download
July (pdf)Download
June (pdf)Download
May (pdf)Download
April (pdf)Download
March (pdf)Download
February (pdf)Download
January (pdf)Download

2018 (by calendar year)

December (pdf)Download
November (pdf)Download
October (pdf)Download
September (pdf)Download
August (pdf)Download
July (pdf)Download
June (pdf)Download
May (pdf)Download
April (pdf)Download
March (pdf)Download
February (pdf)Download
January (pdf)Download

2017 (by calendar year)

December (pdf)Download
November (pdf)Download
October (pdf)Download
September (pdf)Download
August (pdf)Download
July (pdf)Download
June (pdf)Download
May (pdf)Download
April (pdf)Download
March (pdf)Download
February (pdf)Download
January (pdf)Download

2016 (by calendar year)

December (pdf)Download
November (pdf)Download
October (pdf)Download
September (pdf)Download
August (pdf)Download
July (pdf)Download
June (pdf)Download
May (pdf)Download
April (pdf)Download
March (pdf)Download
February (pdf)Download
January (pdf)Download

Copyright © 2024, Eagle Compliance LLC. All Rights Reserved.

Powered by

This website uses cookies.

We use cookies to analyze website traffic and optimize your website experience. By accepting our use of cookies, your data will be aggregated with all other user data.

Accept