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Home Loans

Buying a home is one of the largest investments that most people will make in their lifetime. Whether you’re new to the home buying process, or you’ve purchased a home before, First Farmers & Merchants is here to guide you through the process. 

First Farmers & Merchants takes pride in providing friendly mortgage services. We work to understand your needs and provide you with the information to make your home purchase or refinance as easy as possible.

Contact a FF&M mortgage specialist before you begin your home search to discuss which mortgage best fits your needs. By meeting with us early on in the process, you can get preapproved for a mortgage and we will provide a pre-qualification letter when you've found the perfect home to show the seller that you're a qualified buyer.

We offer a variety of home loans including:
  • Conventional fixed-rate loans
  • Adjustable-rate mortgages (ARMs)
  • Jumbo loans
  • Balloon loans
  • Bridge loans
  • Investment property loans
  • Vacation property loans
Our knowledgeable staff will handle all of the mortgage details and assist you in completing the mortgage process. First Farmers & Merchants works closely with the real estate agents and title companies in our communities, making the mortgage process easier for you.
A Home Equity Loan or Line of Credit is a convenient way to borrow using the equity you have in your home. We offer fixed term loans that can be used for a particular expense, and revolving lines of credit that give you the option of drawing on your loan for any reason, at any time.
Thinking of building your dream house or remodeling your current home? First Farmers & Merchants Bank offers short term construction loans that cover the cost of construction. Once construction is complete, we'll work with you to convert the construction loan into a long-term mortgage that meets your needs.
First Farmers & Merchants offers government-backed loans that help open the door to homeownership and provide financing to qualifying borrowers.

  • Federal Housing Administration (FHA) Loans: FHA loans have lower down payment requirements and have lower minimum credit score requirements compared to conventional mortgages.
  • US Department of Agriculture (USDA) Guaranteed Loans: Fixed-rate loans with no down payment for low- and moderate- income homebuyers in rural development areas.
  • Veterans Affair (VA) Loans: Home loans with low or no down payment and no mortgage insurance requirement for qualifying active-duty service members, veterans, and eligible surviving spouses.
  • MN Housing Fix Up Home Improvement Loans: Home improvement loans with affordable, fixed interest rates and longer repayment terms for qualifying borrowers.

Loans subject to credit approval.