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Products
Merchants and Planters Bank offers a variety of loan programs to meet your needs. We work with the leading lenders in the industry to provide:
 
Conventional Mortgage
FHA loan (Federal Housing Authority)
USDA Rural Development Loan
VA Loan (Veterans Affairs)

Conventional Mortgage
This loan is typically the most common form of financing with a 10,15, 20 or 30 year fixed rate.

Term: 30 years   Maximum Amount: $417,000

FHA loan (Federal Housing Authority)
This is long term fixed rate with a lower down payment of 3.5%

USDA Rural Development Loan
This loan is up to 100% financing in designated rural communities. It will offer a long term fixed rate for families with moderate income.

VA Loan (Veterans Affairs)
This option is put in place to help eligible and active military obtain a home loan. This loan can be up to 100% financing.



Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $484,350 for the contiguous states, District of Columbia, and Puerto Rico or below $636,150 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $417,000 with closing costs of $8,340. Jumbo Loans (whose maximum loan amount exceed $484,350 for the contiguous states, District of Columbia, and Puerto Rico or exceed $636,150 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $1,000,000 with closing costs of $20,000. Your actual APR may be different depending upon these factors.