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.
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.
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.
The Neighborhood Loan Program is a first mortgage loan to assist in the purchase of a home for low-to-moderate income families and 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.
Not time to move? Is it time to put some money back into your house? The home improvement loan at Farmers National Bank is an unsecured loan that requires new money. Whether you are a do-it-yourselfer or leave it to the pros, 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 bridge loan.