Mortgage Rates


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Product Points Rate (as low as) Annual Percentage Rate (APR)*
1/1 ARM**  (± 2% annual cap, ± 6% lifetime cap, floor of 2.74%) 0 3.59% 4.437%
3/1 ARM**  (± 2% annual cap, ± 6% lifetime cap, floor of 2.74%) 0 3.99% 4.606%
6/1 ARM**  (± 2% annual cap, ± 6% lifetime cap, floor of 2.74%) 0 4.39% 4.656%
10/1 ARM**  (± 2% annual cap, ± 6% lifetime cap, floor of 2.74%) 0 4.79% 4.865%
15 Year Fixed - In House
0 4.59% 4.852%
15 Year Fixed - Secondary Market 
0 4.125% 4.378%
20 Year Fixed - Secondary Market
0 4.75% 4.946%
30 Year Fixed - Secondary Market
0 4.625% 4.758%




*APR = Annual Percentage Rate is based on a sample transaction of a $100,000.00 mortgage loan.    

  • Rates listed above are subject to change at any time without notice. Your interest rate may vary based on your credit score.
  • **ARM = Adjustable Rate Mortgage, The estimated APR above is based on an index, which is subject to change.  The APR and the payments are subject to increase on an annual basis after the initial fixed rate term.  The initial interest rate will be in effect for the fixed term of the loan.  On the first change date, the rate cannot increase or decrease more than 2% on an annual basis.  All ARM loans have a 6% lifetime cap and a floor interest rate of 2.74%.
  • Insurance is required on the property that secures the mortgage; flood insurance may be required if applicable.
  • All loans are subject to credit approval; borrower(s) must meet underwriting guidelines.
  • Jumbo Loans: Add 0.25% to rate.  Refers to loans greater than $424,500.00.  Maximum Loan to Value is 80%.
  • Land:  Add 0.25% to rate.  Maximum Loan to Value is 75%.

15 Year Fixed - In-House
The payment on a $100,000 15 Year Fixed - In House Rate loan at 4.59% and 80% loan-to-value (LTV) is $769.60 with 0 points due at closing.  The Annual Percentage Rate (APR) is 4.852%.  Payment does not include taxes and insurance premiums.  The actual payment amount will be greater.

15 Year Fixed - Secondary Market
The payment on a $100,000 15 Year Fixed - Secondary Market Rate loan at 4.125% and 80% loan-to-value (LTV) is $745.97 with 0 points due at closing.  The Annual Percentage Rate (APR) is 4.378%.  Payment does not include taxes and insurance premiums.  The actual payment amount will be greater.

20 Year Fixed - Secondary Market
The payment on a $100,000 20 Year Fixed - Secondary Market Rate loan at 4.75% and 80% loan-to-value (LTV) is $646.22 with 0 points due at closing.  The Annual Percentage Rate (APR) is 4.946%.  Payment does not include taxes and insurance premiums.  The actual payment amount will be greater.

30 Year Fixed - Secondary Market
The payment on a $100,000 30 Year Fixed - Secondary Market Rate loan at 4.625% and 80% loan-to-value (LTV) is $514.14 with 0 points due at closing.  The Annual Percentage Rate (APR) is 4.758%.  Payment does not include taxes and insurance premiums.  The actual payment amount will be greater.




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Product Term Rate (as low as) Annual Percentage Rate (APR)
Premier Home Equity Line of Credit Revolving
4.750%*
4.750%
Home Equity Fixed Rate
60 months
5.50%
5.820% 
Home Equity Fixed Rate
120 months
6.25%
6.422% 




 

*Premier Home Equity Line of Credit is tied to National Prime Rate with a floor of 4.00% and can adjust monthly.  The maximum annual percentage rate that may be imposed is 18.00%.

  • The rate will not increase during the term of either Home Equity fixed rate product.
  • Insurance is required on the property that will secure the Home Equity Loan; flood insurance may be required, if applicable.
  • All loans are subject to credit approval.
  • Minimum loan amount is $5,000.00 for all home equity products. 
Home Equity Fixed Rate - 60 Months
The payment on a $10,000 Home Equity Fixed Rate - 60 Month loan at 5.50% and 80% loan-to-value (LTV) is $191.01 with 0 points due at closing.  The Annual Percentage Rate (APR) is 5.820%.  Payment does not include taxes and insurance premiums.  The actual payment amount will be greater.

Home Equity Fixed Rate - 120 Months
The payment on a $10,000 Home Equity Fixed Rate - 120 Month loan at 6.25% and 80% loan-to-value (LTV) is $112.28 with 0 points due at closing.  The Annual Percentage Rate (APR) is 6.422%.  Payment does not include taxes and insurance premiums.  The actual payment amount will be greater.

Mortgage Loan Originators

Click the link below for a complete listing of Farmers State Bank's NMLS Registry Listing.


Farmers State Bank NMLS #401279


Talk with a mortgage loan originator to discuss the best loan to meet your needs.