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My husband and I received a construction loan through Farmers and Merchants Bank one year ago. Andrea, the branch manager, made the process as painless as possible. Building a house is stressful but the banking part was relatively easy. She was quick to respond to phone calls and emails to answer all of our questions. Today, we closed on our new home. Again, we used Farmers and Merchants, and again the process was smooth. Except for the signing, everything was handled through emails and phone calls, which for us both working full time, was best. Andrea helped arrange for the appraisals and surveyors. She was on top of getting us to our final closing. We feel we got a fair interest rate and are now happily living in our forever home built by our own hands, and we could not have done it without Andrea and Farmers and Merchants bank.

- Rosemarie W.


Choose a Loan to Fit Your Need

USDA/Rural Housing Loans

  • Sponsored by the US Department of Agriculture
  • Makes homeownership affordable for qualified borrowers with low to moderate income in rural communities
  • Can provide up to 100% financing with competitive rates and terms

FHA Loans

  • Insured by the Federal Housing Administration
  • Especially popular with first-time home buyers
  • Low down payment with competitive rates and terms

Adjustable Rate Mortgage (ARM)

  • Conventional with a periodically adjustable rate based upon a preselected index.

Fixed Rate Mortgage

  • Conventional loan with low, fixed interest rates

Home Equity Line of Credit (HELOC)

  • Line of Credit available to borrowers who have equity available in their current home
  • Use your home equity to consolidate bills, pay for tuition, vacation, or whatever you choose

Land Loans

  • Secured by unimproved or improved real property
  • FMB Loans up to:
    • 65% on unimproved property
    • Up to 75% on improved property

Construction Loans 

  • Take up to 12 months to build 
  • Competitive rates
  • Quick Approvals
  • Interest only during construction period 

Financial Calculators

Below is a list of available  financial calculators we offer:

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The following information is necessary to fully underwrite your loan request.  Please bring this information with you when you apply to expedite the loan decision process. 

  • W-2’s and Federal Income Tax Returns for the previous two years.
  • If self-employed by your own corporation, please provide your corporate returns for the previous two years along with a profit and loss statement.
  • Most recent pay stubs for the previous 30 days.
  • If you choose to use social security, disability, or pension income, we will need a copy of the award certificate from the issuing agency.
  • Please provide copies of the bank statements for the most recent two months.
  • Please provide recent monthly or quarterly statements to verify all stocks, bonds and other securities.
  • Please provide a copy of most recent Home Owner’s Insurance Policy.
  • Accepted sales contract with any amendments or counteroffers signed by all parties.
  • If you have been in any legal proceedings (Divorce, Bankruptcy, or Foreclosure) additional documents may be required.

 Additional documentation needed for Construction Loans

  • Legal description of subject property
  • Plans and Specs
  • Estimate of cost to build, include copies of bids

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