Residential Mortgage Loans in Illinois
Affordable financing plays a key role in homeownership, and Farmers National Bank offers mortgage rates and flexible home loan options for buyers across Illinois. Whether you are purchasing, refinancing, or building a home, our lending team works with you to find the right solution for your home financing needs.
- FNB offers fixed interest rate balloon loans for 61, 84, and 120 months, with amortization as long as 30 years.
- For borrowers seeking fixed interest rates greater than 120 months, with amortization as long as 30 years, the Bank sells the loan to Federal Home Loan Bank of Chicago, while retaining the loan servicing responsibilities. You are still able to pay your loan payment at any of the FNB branches.
- FNB partners with government supported programs, including USDA Rural Development, to provide loans with terms advantageous to qualified borrowers.
- FNB offers other types of residential lending, including construction financing and “home equity” lines of credit.
- FNB continues to keep interest rates competitive and closing costs low.
- Various refinance loan options are available such as: lowering your rate, shortening the length of your mortgage, reducing your monthly payments, or looking into using your home equity for home improvements.
The information gathering process for residential lending is very specific with certain information required to be provided.
Mortgage Loan Options to Fit Your Needs
Farmers National Bank offers a range of residential mortgage solutions designed for different stages of homeownership. From fixed-rate mortgage options that provide consistent monthly payments to flexible lending solutions, our team works with you to find the right fit based on your financial goals.
Farmers National Bank also offers additional home financing options. To learn more about home equity loans and HELOCs, visit our Home Lending and HELOC page.
Serving Illinois Communities
Farmers National Bank offers residential mortgage loans for homebuyers across Illinois, including Prophetstown, Geneseo, Mount Carroll, Morrison, and surrounding communities.
Want to find out how much your monthly payment would be with a new loan?
Try one of our mortgage calculators now!
Farmers National Bank Mortgage Rates
Rates effective as of 07/01/2026
| Type | Interest Rate | APR* | Payment per $100,000 |
|---|---|---|---|
| 15 Year Fixed | 6.125% | 6.203% | $850.62 |
| 20 Year Fixed | 6.875% | 6.939% | $767.81 |
| 30 Year Fixed | 7.000% | 7.005% | $665.30 |
| * APR = Annual Percentage Rate The APR and Monthly calculations are based on a no cash-out refinance loan amount of $100,000 and 20% down payment for conventional loans. Actual interest rates, fees and APRs will vary based on credit history and other loan attributes and are subject to change without notice at any time prior to locking your interest rate. |
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Mortgage Rates in Illinois
Our mortgage rates are designed to remain competitive while providing flexible terms for a variety of borrowers across Illinois. Rates vary based on loan type, term, and financial profile, and our team is available to help you understand current options and next steps.
Apply for a Mortgage Loan
Amanda Geuns
Residential Real Estate Lender
Prophetstown office:
(815) 537-2348
amandag@farmersnationalbank.bank
NMLS# 515536
Connect with a local lender to explore your mortgage and home financing options, including construction loans, home equity lines of credit (HELOC), and balloon loans.
Ready to get started? Download and complete a mortgage loan application, then submit it through our Secure File Transfer page. Our team will guide you through the next steps.
Jo Lea Holevoet
Residential Real Estate Lender
Geneseo Office:
(309) 944-0580
joH@farmersnationalbank.bank
NMLS#1843540
Residential Mortgage Loan FAQs
Farmers National Bank offers a range of residential mortgage solutions, including fixed-rate options and government-supported programs for qualified borrowers. Additional financing options, such as construction loans and home equity lines of credit, are also available.
Mortgage rates vary based on factors such as loan type, term, market conditions, and an individual borrower’s financial profile. A lending team member can help explain how these factors apply to your specific situation.
To begin an application, contact a Farmers National Bank lending team member or visit a branch location. They will guide you through the required information and next steps.
A fixed-rate mortgage has an interest rate that remains the same throughout the loan term, while an adjustable-rate mortgage may change periodically based on market conditions. Each option offers different benefits depending on your financial goals.