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Mortgage Interest Rates

Owner-Occupied Properties

Effective: September 27, 2023

Buy now and refinance later!

Refinance within 3 years and we will pay $1,000 toward your closing costs.

Call for details!

 

Term

 30 Year Fixed

20 Year Fixed

15 Year Fixed

10 Year Fixed

 Conventional Loan Interest Rate & Points

7.375%, no points

7.250%, no points

7.125%, no points

7.125%, no points

APR

7.539%

7.461%

7.386%

7.490%

Additional interest rate pricing options are available, including lower rates with points.
The Farmers Bank also offers FHA, VA and USDA mortgage loan options.
Please contact us for interest rate, payment and pricing quotes.

The above interest rate is based upon the following assumptions for your conventional 1-4 family owner-occupied mortgage loan:

  • A credit score of 750 or higher for all borrowers.
  • Interest rates quoted are for home purchase loans ONLY. Refinance rates MAY be higher and/or have additional fees. Contact us for additional information on our refinance rates.
  • For home purchase transactions a minimum down payment of 3% and a 97% loan to value maximum. Loans above 95% loan to value may be subject to higher interest rates.
  • Your final interest rate, APR and closing costs may vary based upon your loan attributes which include, but are not limited to your credit score, loan to value, debt ratio and property type.
  • All interest rates are subject to change without notice.

Please note that a lower credit score could result in a higher interest rate, rates and terms are subject to credit approval. Your final interest rate, APR and closing costs may vary based upon your loan attributes which include, but are not limited to your credit score, loan to value, debt ratio and property type. Please contact your Mortgage Loan Officer for additional information and pricing options.

Are you looking for a prequalification, ready to purchase, or would you like to refinance? Apply for a loan to prequalify online.

Nationwide Mortgage Licensing System and Registry
All of our mortgage and home equity lenders are properly registered under the Nationwide Mortgage Licensing System and Registry.  The registration insures you are working with a knowledgeable loan officer who is working in your best interest.  Click here to see a list of registered loan officers!

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