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Farmers State Bank offers a wide variety of loan services for personal purposes. What sets us apart is our flexibility to respond to your needs because we are an independent locally owned bank. Enjoy the convenience of one closing, local timely decision making, and local service.
Ask a loan representative about current rates and terms on the following types of loans:
Vehicle Loans
We finance new or later model used cars, light trucks and vans.
Boat and recreational loans
We make all type of recreational loans: boats, campers, and other purchases for recreational equipment and supplies can be financed.
Home Mortgage Loans
Our long term fixed and variable rate home loans allow you to structure repayment terms to fit your pocketbook. Whether you are a first time borrower or refinancing your present mortgage we have a plan to fit your budget. We also make guaranteed and insured housing loans with special terms and limited down payment requirements.
- Fixed Rate Programs: You can choose from several terms. Make regular monthly payments throughout the life of the loan.
- Adjustable Rate Programs: Our various adjustable rate mortgages have low starting rates to offer you more affordability. Longer terms between adjustments give you many of the advantages of fixed rate mortgages.
- FHA Programs: A smaller down payment with easier credit qualifying guidelines make FHA mortgages a good choice for many home buyers.
- VA Programs: No money down for eligible veterans. Fixed rate programs available.
- Construction Program: One loan - with one closing - does it all from start to finish. Funds are allocated during the construction period. The loan then converts to a permanent mortgage at the end of construction.
Home Equity Loans
Use the equity in your home to borrow the money you need. The interest on home equity loans may be tax deductible, but consult your tax adviser. You may use the money you borrow for whatever you want - vacations, educational expenses, new car, home improvement.
The bank will consider loan requests from applicants residing within its primary lending areas.
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Member FDIC |
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NOTICE OF INCREASED FDIC
DEPOSIT INSURANCE COVERAGE
On October 3, 2008, FDIC deposit insurance temporarily increased from $100,000.00 to $250,000.00 per depositor through December 31, 2009. Please contact our staff for additional information at 877-526-8011 or click here. |
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