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Notice: Our lobby will be closed on Tuesday, April 20th due to construction. Our drive-up will be OPEN. Our newly remodeled lobby, on 4th street, will reopen regular hours beginning April 21st!

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Home Ownership

6 Tips for Saving for Your Down Payment

6 Tips for Saving for Your Down Payment

Posted On: February 12, 2021 by Farmers Trust & Savings Bank in: Home Ownership

When considering buying a home, the down payment you put upfront plays a major role in your future housing expenses. According to the Consumer Financial Protection Bureau, the amount you save can greatly influence your interest rate, monthly housing payment and also your need for mortgage insurance. As you prepare for the home buying process, Farmers Bank is highlighting six tips to help you cut the extra costs and save a substantial amount for your down payment.

Typically, lenders...

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7 Ways to Improve Your Credit Score

7 Ways to Improve Your Credit Score

Posted On: January 22, 2021 by Farmers Trust & Savings Bank in: Home Ownership

Whether you’re renting or buying, your credit score is significant. It is important for you to responsibly manage your debt levels and maintain good credit reports so that you are more attractive to leasing agents and mortgage lenders. Tips to improve your credit score.   

Request a copy of your credit score report – and make sure it is correct

Your credit report illustrates your credit performance, and it needs to be accurate so that you can apply for other...

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5 Questions to Consider Before Purchasing Your First Home

5 Questions to Consider Before Purchasing Your First Home

Posted On: January 19, 2021 by Farmers Trust & Savings Bank in: Budgeting, Home Ownership, Money Management

Owning a home is a great investment, but before jumping into the market it is extremely important for consumers to consider the costs involved and budget accordingly to ensure they’re able to meet all of their financial obligations.

Farmers Bank encourages consumers to consider these questions before beginning their housing quest:

How much money do you have saved up?‚Äč
Start with an evaluation of your financial health. Figure out how much money you have for a...
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