Residential Mortgage Loans Farmers Bank of WillardsLendingResidential Mortgage Loans Whether you are buying your first home, upgrading or moving to the shore, Farmers Bank of Willards has a variety of mortgages to fit your needs. We recognize that many of the properties on the Eastern Shore are unique, and as your community bank we are fortunate to have the flexibility to customize our solutions to meet your individual goals. Residential Mortgages No Application Fee Borrow up to 80% of the value of your home Competitive fixed rates Flexible repayment terms Let us help you secure the perfect property for your future home. Building equity in a lot/land can be one of the most effective ways to prepare to build your forever home. Apply Now Construction to Permanent Mortgage No Application Fee Finance up to 100% of construction costs, depending on equity available in your lot Competitive fixed rates Interest only payments during construction period Level principal and interest payments once construction is complete Looking to build your dream home? We offer a unique product designed to save you money. Our construction to permanent mortgage provides a 12-month interest only period for you to build your home followed by a fully amortizing mortgage. This consumer-friendly feature eliminates the need for two closings which can save you thousands of dollars in closing costs. Apply Now Construction Only No Application Fee Finance up to 100% of construction costs, depending on equity available in your lot Competitive fixed rates Interest only payments during construction period Have permanent financing secured already? Not a problem. We can work with any mortgage broker to finance the construction of your new home. We offer a 12 month interest only construction loan to complete the build and will coordinate with your broker to convert your mortgage once construction is complete. Apply Now Home Equity Lines of Credit (HELOC) No Application Fee Variable rates Flexible repayment terms For many consumers their home is one of their most valuable assets. Our home equity lines allow you to tap into the equity you have built in your property. These credit lines are unique in that you are able to re-advance funds at any time up to the original amount of the line. Apply in Branch Home Refinance No Application Fee Competitive fixed rates Flexible repayment terms Refinancing a home mortgage can be a perfect solution to consolidate debt or reduce your monthly payments. Apply Now Home Renovation No Application Fee Borrow up to 80% of the as-renovated value of your home Competitive fixed rates Flexible repayment terms With home inventory levels at record lows we are seeing an increase in homeowners renovating their existing properties. This solution allows us to take into account the improvements you will make to your property allowing us to lend based on the “as-renovated” value of your home. Apply Now What documentation will you need? Completed application Provide 3 months of recent paystubs Provide two years of personal tax returns Provide two years of business tax returns if self employed Ready to get started? Contact us today to find a Loan Officer near you!