Buying or building a home can be challenging enough without having to worry about the financing. That's why at Farmers & Merchants Bank we can take care of you from the beginning of construction to the end and anything in between.

It's never been easier to build, purchase or refinance a home. We have several options to choose from and can easily walk you through the finance process step by step.

FMB Mortgage Loan Advantages:

• New Construction
• Purchase
• Refinances
• Cash-out home improvements
• No Pre-Payment Penalty
• Special Mortgage Programs

We can arrange just about any payment terms to fit your budget. Just Ask!

Applying for a Mortgage loan is as easy as 1-2-3....

1. PREQUALIFY

• Most recent pay stubs (within the last 30 days)
• Last 2 years of Tax Returns (W2, etc.)

Our mortgage loan specialist will then walk you through the application process and assist you in obtaining information such as:

• Checking and Savings account information
• Credit Card information
• Loans due to other financial institutions
• Estimating other monthly expenses

2. DETERMINE TOTAL COSTS AND TYPE OF LOAN

Determine all Expenses Associated with Home Ownership
After you apply and are approved, our friendly mortgage specialists will help you determine other expenses associated with owning a home. In some cases insurance and taxes can be added into your payment so that you do not have to worry about paying the bill when it is due. Our loan specialists will also determine if you can qualify for a special type of loan such as VA or Conventional.

3. CLOSE THE LOAN

Set up a time and place to close the loan.
After your payment amount and loan term are satisfactory for your budget the last step is to close the loan. Our mortgage loan expert will set a date that is convenient for you and the seller to meet so that you can take ownership of your new home. Both parties will meet to finalize all paperwork and minor details and then you can take the keys to your new home.

Loan Types We Offer

• Fixed-Rate - Lock in the rate and you're done. We can arrange just about any payment terms to fit your budget. The rate will never change when you select the fixed rate option. If you want to always know your payment amount, this may be the best option for you.
• Adjustable Rate (ARM) - Adjustable rate mortgages generally offer better rates on the front end than fixed rate. This rate may be fixed for a limited time and then the rate and payment amount will move up or down according to the mortgage rate market. Adjustable Rate Mortgages can have interest rate caps which keep your payment amount from changing rapidly if market rates rise dramatically.

Special Loan Programs we Offer

• Veterans Administration (VA) - This program is designed to help military veterans which have served at least six months of active duty. VA loans offer 100% financing to qualified veterans. Spouses of a veteran whose death was related to military service or is MIA or a POW are also available to qualify for this loan.
• Conventional Loans - Fixed or Adjustable rate mortgages on a single family residence up to $322,700.00

Don't Forget we can also help with...

• Construction Loans - We can approve you to begin building your own home easy and fast. We make our decisions locally so you can be in and out in minutes. Bring in the following items to further simplify the process:
• Copy of Deed
• House Plans
• Materials List
• Contract with the home builder
• Refinances - When mortgage rates drop below your current interest rate it may save you money by lowering your payment and/or reducing the term of the loan. If your rate drops close to 2.0 % below your current rate you can save a bundle. Our mortgage loan specialist can determine the amount of money you can save.
• Home Equity Lines - Use the excess value in your home to set up a line of credit so you can make purchases against the equity. Interest paid on home equity loans may be tax deductible. Contact your certified public accountant to determine if it applies for you.