In-House Balloon Mortgage

Want to finance that hobby farm? Maybe your home sits on a larger parcel of land?  Perhaps you plan to refinance or sell in the next five years?  There is a good chance you will need a non-conforming real estate loan. Our In-House Balloon Mortgage is designed primarily for these circumstances.  This loan guarantees your monthly payment for the first five years and then re-prices at prevailing rates. You benefit from lower up-front costs with options and flexibility that you will not find in a conventional mortgage.

Best reasons to consider a Farmers State Bank In-House Balloon Mortgage

  • Your property is larger than 10 acres
  • Your property has income producing acres
  • Your property has substantial outbuildings
  • You plan to sell or refinance within five years
  • You prefer the benefits and flexibility of local servicing

Applying for a loan at Farmers State Bank is easy!

To get started, Apply Now using our secure online application. Use our mortgage checklist as a guide to help you gather the items  you’ll need.

If you have any questions, you can simply Contact Us or call one of our mortgage experts at (507) 645-5929.