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Automobile Loans | Personal Lines of Credit | Personal Installment Loans | Home Equity Lines of Credit
Residential
Mortgage Loans |
Home Equity Loans | Commercial Loans
**Please contact your
local branch office for more detailed information regarding terms of
repayment, down-payment requirements, and/or any applicable fees or
charges on loan products.
Automobile Loans
Automobile Loans are for customers who need a new or used automobile.
Terms vary based on new or used automobiles and/or model years.
Personal Lines of Credit
Personal Lines of Credit allow customers to borrow as needed up to a
certain credit limit. Pre-approved loan funds are easy for the customer
to access just by writing a check or via an overdraft. Customers may set
his/her own repayment schedule by making any payment amount above the
minimum that suits his/her budget.
Personal Installment Loans
Personal Installment Loans are loans for personal
purposes, such as bill consolidation, vacations, and education. The loans
are repaid in equal monthly installments over an appropriate term.
Home Equity Lines of Credit
A Home Equity Line of Credit is a revolving credit
line that can provide a substantial source of continuing credit for those
homeowners who have built up equity in their homes. Customers may easily
access their approved line for any purpose they choose, personal or
business, simply by writing a check.
Residential Mortgage Loans
Residential Mortgage Loans provide customers,
especially first time home buyers, the opportunity to purchase their own
home, affording them the benefits of home ownership, which include
stability, home equity, and tax advantages. A variety of mortgage
programs give borrowers a choice of payment and terms to suit their
budgets.
Home Equity Loans
A Home Equity Loan allows homeowners to utilize the
accumulated equity in their property as collateral for long-term
borrowing purposes. Long-term borrowing allows for reasonable equal
monthly payments. Homeowners borrow a fixed amount of money at a fixed
rate of interest for a specific time period. The loan is secured by a
mortgage against the borrower’s primary residence.
Commercial Loans
Commercial Loans supplement capital needed by the
borrower to purchase, operate, or expand his or her own business. Terms
of these loans can be tailored to meet the specific needs of the
borrower. Farmers National Bank offers various Commercial Loans including
Time Loans, Lines of Credit, Term Loans, and Commercial Real Estate.
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