The Home Equity Line of Credit 1.99% introductory APR (Annual Percentage Rate) rate is a 6-month fixed rate based on a 90% loan-to-value (LTV) or less at the time of application. A minimum new money loan amount of $25,000 or minimum $25,000 increase to an existing line with a minimum credit score of 760 is required. Auto debit from a Farmers National Bank Checking account is required to receive the lowest rate, but is not required for loan approval. Advances of credit can be obtained during the draw period of 120 months. After the draw period, the repayment period of 240 months begins. If the minimum payment is made and no other advances were taken, it would take 30 years to pay off a credit advance of $10,000 at an Annual Percentage Rate of 3.25%. During that period, 120 monthly payments would be made ranging from $24.93 to $27.60. Then 240 monthly payments ranging from $56.05 to $56.73. After the 6-month introductory period, the APR is variable and is based upon the Prime Rate (the index) as published in the Wall Street Journal. As of August 31, 2021, the current Prime Rate is 3.25%. The variable rate can change monthly based on the Prime Rate. The rate will not vary above 20.00% APR, or applicable state law, or below 3.25% APR except during the 6-month introductory period. As of August 31, 2021, the variable rate for Home Equity Lines of Credit ranged from Prime +0.00% to Prime + 2.00% depending upon the credit score and LTV at time of application. Customer pays no closing costs up to a $250,000 loan, except a $250 Loan Origination Fee that will be advanced to the line at the time of closing. Loan amounts of $250,000 or more may require title insurance. The offer is for owner-occupied, single family properties only. Investment properties and second homes are not eligible. A $60 annual fee will be assessed upon the first anniversary date of account opening and annually thereafter. A Prepayment Penalty of $400 is applied if the account is terminated within the first three years (36 months) of the Credit Agreement date. Property insurance is required, and flood insurance will also be required if the property is determined to be in a Special Flood Hazard Area. Promotion is not available on Simultaneous Closing loans. Promotion not eligible for an investment property. Offer subject to credit approval and program guidelines. Not all loan programs are available in all states for all loan amounts. Interest rates and program terms are subject to change without notice. Consult your tax and/or legal advisor regarding the deductibility of interest and fees. Other fees and restrictions may apply. Other rates and terms are available. The Checking Account terms and conditions that apply to Farmers National Bank checking account products can be obtained by visiting a branch location or calling the Customer Support Center at 1.888.988.3276. Offer expires December 31, 2021.
Bonus Checking Account
Earn 1.00% APY* on the first $15,000 when account requirements are met**
- No monthly service charge with a daily balance of $100 or more
- Only $100 to open
$100 minimum to open. *Variable rate currently 1.00% APY* (Annual Percentage Yield) on the first $15,000 for qualified accounts (**1 electronic direct deposit or automatic debit, make at least 10 purchases with your debit card that post to your account within the statement cycle, agree to receive your statement electronically). Otherwise the rate will be 0.02% APY* . The APY is accurate as of July 1, 2020. A $5.00 per month service charge will occur if the daily balance falls below $100 anytime during the month.
***The higher interest rate will not be received if the customer opts out of E-statements. There will be a $10.00 reinstatement fee associated with the reinstatement of paper statements.
Fees may reduce earnings. See full disclosure for details. Offer subject to rate change or cancellation at any time.
$250 Off Closing Costs when you download the Farmers Mobile Mortgage App and apply online.
This offer is valid for all first lien mortgage transactions. This offer is not valid with any other special or rate promotion being offered by Farmers. Subject to credit approval. Other terms and conditions may apply. To receive this offer, the customer must download the Farmers Mobile Mortgage app and apply online through the mobile app or through the Mortgage Center on Farmers National Bank’s website at www.farmersbankgroup.com. Other fees apply. Offer is subject to cancellation at any time.
No Closing Cost Mortgage
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3-Month Business CD Special
$10,000 - $49,999.99: 0.20% APY
$50,000 - $99,999.99: 0.25% APY
$100,000+: 0.30% APY
Rate for this 3-month Business CD is dependent upon amount of opening deposit. $10,000 - $49,999.99 is 0.20% APY (Annual Percentage Yield), $50,000 - $99,999.99 is 0.25% APY (Annual Percentage Yield), $100,000 or more is 0.30% APY (Annual Percentage Yield). The APY is accurate as of July 17, 2020 and will not change during the term of the certificate regardless of account balance. Rate is available to Business customers bringing new money to Farmers National Bank. An existing checking account relationship is not required to receive this offer. Minimum amount to open, and required to obtain stated APY, is $10,000. This account will automatically renew at the 3-month Business CD Special rate. Please see your local Farmers National Bank for full disclosure and additional details. You will have 10 calendar days after maturity to withdraw funds without a penalty. Certificates with a term less than 1 year will be subject to a penalty equal to 3 months of interest on the principal withdrawn prior to maturity. Offer is subject to cancellation without notice.