Mortgage Loans

Mortgage Loan Application (PDF)

Spencer Quality Housing Initiative: Farmers Bank is a participating lender for grants up to $15,000 for purchasers of new mid-range personal residences in Spencer. Learn More. Application (PDF)

First-Time Home Buyers: Farmers Bank is an approved FirstHome and FirstHome Plus lender, providing special financing options to first-time home buyers. For more information, contact a Farmers Bank real estate specialist or go to

Fixed Rate Mortgages: Interest rate and monthly payments stay the same for the life of the loan. A good choice if you plan to stay in your home for more than 5 years.

Adjustable Rate Mortgages: Initial interest rate is generally lower than fixed rate offering. Interest rate is adjusted up or down (based on market conditions) on a regular basis so monthly payment would also adjust up or down over time.

Government Loans: For information and current interest rates on Federal Housing Administration (FHA), Veteran Affairs (VA), or Guaranteed Rural Housing loans, call, come in, or send us a secure message

Home Equity Line of Credit: Using the equity in your home may be a good way to finance home improvements, consolidate debt or make a consumer purchase. You will receive a preferred rate on your credit line and the interest you pay may be tax deductible. (Consult your tax advisor about your individual tax situation.) Once your application is approved and your line of credit is determined, you can access your account whenever you need to by simply writing a check. 

To learn more or apply for any type of home mortgage loan, call, come in to visit with Rita Hoffman, Ryan Davelaar, or send us a secure message.

Personal Loans

Consumer Loan Application (PDF)

Farmers Bank offers financing options for a wide range of needs from a major purchase to unexpected expenses including:

  • Recreational Vehicles
  • New or Used Cars
  • Home Improvements and Repairs
  • Vacation
  • And more!

Financing options include Consumer Installment Loans, Home Equity Loans, and Home Equity Lines of Credit.

To learn more or apply, call, come in, or send us a secure message.