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Whether you are looking to purchase your first home, build, or invest in a second property Farmers State Bank is here to help. Let one of our local, knowledgeable, and experienced lenders help you find a mortgage that fits your needs. We offer mortgages for 1-4 family homes, vacation homes, investment properties, vacant land, and refinancing.

Apply For A Mortgage

What is a Mortgage

The term “mortgage” refers to a loan used to purchase or maintain a home, land, or other types of real estate. The borrower agrees to pay the lending company or bank over time, typically in a series of regular payments that are divided into principal and interest. The property serves as collateral to secure the loan.

Tips for Getting Approved for a Mortgage

  1. Know Your Credit Score - Credit scores and credit activity have a major impact on mortgage approvals. Pay your bills on time, lower your debt, and review your credit report.
  2. Save Your Cash - A down payment is usually required for getting a mortgage. Getting a mortgage also involves closing costs, home inspections, home appraisals, title searches, credit report fees, application fees, and other expenses. If you are planning to purchase a new home, it is best to keep cash for your down payment and closing costs in an account that’s easily accessible when you are ready to buy.
  3. Stay at Your Job – Sticking with your employer while going through the mortgage process is important. Any changes to your employment or income status can delay or stop the mortgage process.
  4. Pay Down Debt – You do not need to have zero debt to qualify for a mortgage. However, the less you owe to creditors, the better. Your debt-to-income ratio determines how much of a mortgage you can be approved for.
  5. Get Pre-Approved for a Mortgage – The pre-approval process is straightforward. Contact a mortgage lender, submit your financial and personal information, and wait for a response. Pre-approvals include everything from how much you can afford, to the interest rate you’ll pay on the loan.

Types of Mortgages

  • Fixed-Rate Mortgage* – With a fixed-rate mortgage, the interest rate stays the same for the entire term of the loan, as do the borrower’s monthly payments toward the mortgage. A fixed-rate mortgage is also called a traditional mortgage.
  • Adjustable-Rate Mortgage (ARM)* – With an adjustable-rate mortgage (ARM), the interest rate is fixed for an initial term, after which it can change periodically based on prevailing interest rates.

*Actual rates and terms may vary depending upon property type and programs available.


For current rates, please call (715) 258-1400 and ask for our loan department.

Apply Today

To apply for a Mortgage Loan today, please complete our Online Application. Farmers State Bank of Waupaca NMLS #485154.

Mortgage Checklist

  • Completed Application
  • 2 most recent pay stubs within the last 30 days
  • 2 most recent checking & savings statements
  • Last 2 years of W2s
  • If self employed, last 2 years of tax returns (include all pages)
  • Social Security and or Pension award letters
  • Investment, IRA, 401K statements
  • Drivers license for all applicants
  • Accepted offer to purchase
  • Proof of homeowners insurance coverage
  • Additional items if requested by underwriters


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