Loans

Whether you are buying your first home, refinancing to take advantage of equity, or buying your first car, First & Farmers has a loan that will help you achieve your goals.  Our commitment is to putting your needs first, and our promise is to meet your needs with fast, efficient service. 

First & Farmers Mortgage Loans

Finding the right financing for your needs can be confusing. First & Farmers makes home financing understandable, easy and convenient. Whether you're interested in a zero down payment mortgage, a loan that requires no closing cost, or an adjustable or fixed rate mortgage, we have the loan to fit your needs.  Our experienced mortgage professionals work closely with you from start to finish.  There are many choices in terms and rates based on your personal needs.

Mortgage Pre-Approval

Looking for a home but not sure how much you can afford? Our easy-to-use mortgage pre-approval program shows you how much you can expect to borrow, so you can search for a home with confidence. Once you are qualified, you are in a solid position to negotiate price. Then, if you decide to buy, you have already started the loan process, so you can close and move into your new home faster.

Bridge/Swing Mortgage Loans

A Bridge/Swing Mortgage Loan is a short-term loan secured by a mortgage on your present home.  It allows you to utilize equity from your current home to complete the purchase of a new home before your present home is sold.

Construction Mortgage Loans

If you are building a home, you may opt for a First & Farmers Construction Mortgage Loan tailored to your project's particular requirements.

Home Equity Loan

A home equity loan is a fixed-term loan allowing you to borrow a predetermined amount for a fixed period of time. Similar to our Personal Installment Loan, this loan is available with fixed and variable rate options, and terms ranging from 5 to 20 years. However, a Home Equity Loan will benefit you because your interest payments may be tax deductible. (Consult your tax advisor for details.) This loan is ideal for consolidating debt, paying for home improvements, college tuition or any other large expenses.

Home Equity Line of Credit

A home equity line of credit offers the flexibility to draw from your line time and time again. You simply make monthly payments based on a small percentage of your used line of credit. You enjoy the benefits of tax deductibility of interest payments just as a traditional Home Equity Loan. (Consult your tax advisor for details.) This line of credit is ideal for any type of purchase large or small.

Personal Installment Loan

A Personal Installment Loan is structured to be paid back in regular installments over a specified timeframe. This type of loan is available with fixed rate, and offers various terms ranging from a few months to a few years. The Personal Installment Loan is ideal for purchasing new or used automobiles, boats, RVs, and other expensive items.

Thanks for choosing First & Farmers National Bank to serve your financial needs!

IMPORTANT INFORMATION ABOUT PROCEDURES FOR GRANTING A NEW LOAN

To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who is granted a loan.

What this means for you: When you apply for a loan, we will require your name, physical street address, date of birth, and other information that will allow us to identify you. We may also require to see a copy of your driver's license or other identifying documents.

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