Home sweet home just got sweeter
Our mortgage lending team is ready to put you in your dream home!
Farmers Mobile Mortgage App
Put the power of the home loan application in your hands with the Farmers Mobile Mortgage App. Download the App today!
- Fixed rates
- One-time close
- Common-sense underwriting
- Local appraisers
- Local decision making
- Local disbursement
- Flexibility on property acreage
If you’re planning to stay in your home for a long time and you’re looking for a predictable loan, choose a traditional fixed-rate mortgage. Your monthly principal and interest payment will never go higher. Farmers offers a variety of competitive fixed-rate mortgages.
If there’s a chance you might move in a few years, a variable-rate mortgage might be best for you. A variable-rate mortgage starts out with a lower interest rate and lower payment. At Farmers, you can choose a variable-rate mortgage that begins with a fixed rate for three or five years. The rate may increase or decrease annually after the initial loan term and has a maximum increase over the life of the loan.
No Closing Costs Mortgage
Whether it’s a new purchase, refinance, home improvement or debt consolidation loan, our experienced team of home lenders can help identify the mortgage program to fit your financial needs.
Affordable housing loan
Farmers offers great loan options for first-time homebuyers, borrowers looking for a low down payment and those with special circumstances. Your Farmers National Bank personal loan specialist will assist you with selecting the loan program that is best for you and help you through the process of purchasing your home. Certain income restrictions apply.
You have enough tough decisions to make when building your new home. Let Farmers simplify things with one loan — a single closing featuring a locked-in rate at a time of application. Your loan automatically converts to a fully amortizing, permanent loan at the completion of the construction.
FHA loans are insured by government-backed companies and make it more affordable for veterans, first-time homebuyers and lower-income families to get into the housing market. These loans offer lower down payments and less stringent qualifications. The FHA loan is more lenient on credit issues and allows a high debt-to-income ratio while offering competitive rates. The FHA requires only 3.5 percent of the loan value to be paid at closing.
Neighborhood Loan Program
The Neighborhood Loan Program is a first mortgage loan to assist in the purchase of a home for low-to-moderate income families and in low-to-moderate neighborhoods. Farmers may provide grant money to assist with down payment and/or closing costs. Loans from this program can be up to 30 years and feature a fixed rate of interest with very low down-payment requirements. No Private Mortgage Insurance (PMI) is required.
Home improvement loan
Not time to move? Is it time to put some money back into your house? Use a Farmers home improvement loan to help you pay for simple home projects or complex home improvements.
Make all of your past mortgage payments work for you. Tap into the equity in your current home to purchase your new dream home with a home equity line of credit bridge loan.
|Product||Int.erest Rate||Annual Percentage Rate|
|15 Year Fixed||3.290%||3.490%|
|20 Year Fixed||3.630%||3.870%|
|30 Year Fixed||3.880%||4.080%|
The Annual Percentage Rates (APRs) disclosed above are based on a $453,100 loan amount, at least a 25% down payment, points disclosed, 1% origination fee, the payment of certain customary fees at loan closing, credit score of at least 740, a rate lock period of 45 days. Mortgage Insurance may be required for loans that have less than a 20% down payment which will increase the APR and result in a higher loan payment. Payments above do not include mortgage insurance, if required. Your actual monthly payment will be higher if an escrow account is established or required. Interest rates and fees are subject to change without notice. Farmers National Bank’s mortgage division offers many different mortgage products; your APR may vary depending on the product for which you apply. All loans are subject to credit approval and receipt of a property appraisal demonstrating sufficient value. All lending products are subject to application and credit approval.
Farmers Mortgage Lending Team
When you’re ready to purchase your first home, your latest home, a vacation home or retirement home, let a Farmers National Bank Mortgage Loan Consultant make your home buying process easy and worry-free.