Loan Services

Borrowing Made Simple

When you need money to fund life's necessities and its pleasures, we're here to help you.
Our experienced lenders at all branches of Farmers & Merchants Bank take the time to understand your financial wants and needs. That's why we offer the finest personal and professional service available anywhere. We believe in working with you, one on one, to find a loan package that meets your needs. With all of our loans we offer flexible financing, local decision making and quick turnaround time.

Whatever type of loan meets your needs, we make the loan process fast and convenient. If you have any questions at all about how a loan program at Farmers & Merchants Bank can help you meet your goals, contact us, talk to one of our lenders at (540) 896-8941, or at any of our branch offices.

Click here to learn about our current special loan rates

  • Personal Loans
  • Home Equity Financing
  • Residential Mortgage Loans
  • Lending Dictionary - an explanation of terminology used by lenders.
  • Apply Now - Please fill out this online credit application, click “submit”, and we’ll get the loan process started.  A lender from your chosen branch will call you soon to take the next steps. This application is for personal, auto, and unsecured loans. For any other kind of loan, please call or come by your local branch.
  • Print an Application - Click here to download a .PDF application for a personal (non-real estate) loan. You can print it at home, fill it out, and bring it in to a loan officer in any branch.

Personal Loans

We all have different needs. That's why Farmers & Merchants Bank provides a full range of personal loans with flexible terms and competitive rates. Our loans offer convenience and fast, friendly service from knowledgeable professionals.

Consider an installment loan to finance a new car, go on a dream vacation or indulge yourself with a luxury purchase by taking out a secured or unsecured installment loan.

What options and advantages do our installment loans offer?

  • A Farmers & Merchants Bank installment loan can offer you a structured loan to be paid back in a specified time.
  • Your loan term can be for a few months or a few years.
  • Obtain competitive rates that reward your strong payment history.
  • Since all Farmers & Merchants Bank Installment Loans are simple interest loans, you pay interest only on the outstanding balance. You can reduce your interest cost if you choose to repay early.

Auto Loans

Financing for the vehicle that you need - anything on four wheels. It's quick and easy to get the new or used vehicle that you've had your eye on. We have financing for new current year models and older models too, with convenient terms. Automatic payment deduction from your Farmers & Merchants Bank Checking account makes your payments very convenient – and you won’t forget by accident!

Unsecured Loans

A Farmers & Merchants Bank fixed rate loan is the ideal way to finance a one-time expense and give you the benefit of a fixed monthly payment. The minimum loan size on these loans is $2,000, and the interest rate is fixed.

Lending programs, including rates and terms, are subject to change without notice.

Farmers & Merchants Bank makes loans without regard to race, color, religion, national origin, sex, marital status, or age (provided the applicant has the capacity to contract).

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Home Equity Financing

If you're like most people, your home is your biggest asset. We offer you the opportunity to put the equity in your home to work for you. Updating your home, consolidating bills, investment opportunities, or paying school tuition are a few of the many important reasons to borrow. When one comes your way, choose a fixed rate Home Equity Loan or a variable rate Home Equity Line of Credit. The Home Equity Loan gives you a lump sum for a major expenditure, and the Line of Credit makes ready cash available when you need it. In addition, you may be able to cash in on real tax savings. Because your Farmers & Merchants Home Equity Loan or Line of Credit is secured by your home, the interest you pay may be tax deductible! Consult your tax advisor regarding the deductibility of interest.

Home Equity Lines of Credit

Cash on hand, whenever you need it! With a Farmers & Merchants Bank Home Equity Line of Credit, you'll receive the advantages of a loan with the flexibility of a reusable line of credit. Apply only once and use it over and over:

  • The maximum amount you can borrow depends on the appraised value of your home and the balance of your first mortgage. If your first mortgage is also with Farmers & Merchants, we can lend even more. 
  • Instant access by writing a check anytime you like (subject to terms of your line), or use a special debit card to make purchases.
  • Save interest. Compare our low rate with your present credit cards. You'll find our variable rate much lower. Plus, current federal tax laws make home equity credit one of the few remaining loans with tax deductible interest. Consult your tax advisor for your individual situation.
  • Our interest rates are variable, and are tied to the Prime Rate.
  • Payments are low – and we even offer an "interest only" option.
  • No points. No application fee. And ask about special programs offerings no closing costs.
  • Interest rate protection -- Farmers & Merchants Bank offers a lifetime cap on increases in your interest rate.

Home Equity Loans

A home equity loan is a good choice if you need money for a one-time expense.

  • The maximum amount you can borrow depends on the appraised value of your home and the balance of your first mortgage. If your first mortgage is also with Farmers & Merchants, we can lend even more.
  • No points. No application fee. And ask about special programs offerings no closing costs.
  • Borrow a lump sum at a fixed interest rate with convenient terms.


As you are completing the Consumer Loan Application, please gather up the following documents, which will speed along the processing of your request:

  • For all applicants, copies of recent paystubs or your last tax return
  • If you are self-employed, copies of your last signed federal tax returns (1040s with all schedules)
  • If you are retired, copies of 1099s for all social security and/or pension or retirement income for the last two years.
  • If you plan to use your line or loan for debt-consolidation, please bring your monthly billing statements, coupon books, etc.

Hazard Insurance:
If your application is approved, you will need to provide Farmers & Merchants Bank with proof of hazard insurance. The amount of insurance required is determined by adding your current mortgage balance to the amount of home equity financing for which you have been approved.

Flood Insurance:
If it is determined that your property is in a flood zone, you will be required to carry flood insurance in the same amount of coverage as required for hazard insurance ($250,000 maximum).

To apply for a Farmers & Merchants Bank home equity loan or line of credit, contact us and we'll start the process. Or, visit your local branch office to speak with a loan officer.

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205 S. Main St.     P.O. Box 1111     Timberville, VA 22853     (540) 896-8941