loan services

real estate loans
Whether purchasing or refinancing your home, Farmers-Merchants Bank of Illinois can tailor a real estate loan for you. Call us toll free at 888-379-4343 for current interest rates. We have real estate terms to fit your needs:

fixed rate mortgages
  • Amortized 10, 15, 20 or 30 years
  • Interest rate is locked for the term
  • 20% down payment eliminates mortgage insurance
  • Appraisal required

rural development mortgages
You may qualify for a loan for the full purchase price plus closing costs if you have little to no down payment. Let us pre-qualify you for a rural development loan so you can begin shopping for your first home.
  • Amortized 30 years
  • Interest rate is locked for the term
  • 100% financing for low to moderate income families
  • No mortgage insurance required
  • Appraisal required

adjustable rate mortgages
If you don't qualify for a fixed rate or rural development loan, an adjustable rate loan may be right for you.
  • Amortized for up to 30 years
  • 5 year / 1 year ARM - the rate is locked for the first 5 years then may change annually
  • Closing costs typically lower than the fixed rate and rural development loans

bridge and construction loans
Use the equity in your current home as a down payment for the purchase of another home. Make your dream of a custom built home come true with a construction loan.
  • Short term bridge loans, 12 months or less
  • Prepaid by the sale of your existing home
  • Short term construction loans, typically 6 - 9 months
  • Repaid upon completion of building when you obtain permanent financing

home equity lines of credit
Need money for home improvements, a vacation, college expenses, or a wedding? A HELOC is a great way to get the cash you need when you need it.
  • Revolving, open ended credit line
  • Competitive interest rates
  • Closing costs are typically low or none at all
  • Interest may be tax deductible
  • Access your line by transfers or writing a check

secured loans
Let us help you purchase that new or used auto, truck, motorcycle, camper or boat. We have the convenient terms and competitive interest rates you are looking for. Call Farmers-Merchants Bank of Illinois for current rates and conditions.

unsecured loans
Needing a little extra cash? Call Farmers-Merchants National Bank. We have personal loans.
  • Starting as low as $500
  • Flexible repayment terms

student loans
Whether you are just starting your college education or returning to college to finish that degree, iHELP private student loans help cover the cost of a college education. Must be enrolled at least half time.
  • Easy to apply online
  • Great rates and no fees
  • Flexible repayment options

If you have finished your degree and have multiple student loans, let iHELP help you take control. Consolidate all your student loans into one.
  • Save money by locking in a fixed interest rate
  • Simplify with a single monthly payment
  • Easy to apply online

credit cards

Farmers-Merchants Bank of Illinois Disclosures

Photographs by Larry Kanfer Photography,