Loans

Consumer Loans

Thinking about purchasing a new car? How about going on vacation? Credit card bills racked up too high? At First National Bank of Litchfield, we can help all of your personal needs. With competitive rates and terms, contact our bank to start the application process.


Real Estate Loans

Whether you are a first time home buyer, or building the home of your dream, let First National Bank of Litchfield tailor a plan to suit your needs. We offer flexible terms for qualified borrowers, and will retain the servicing rights on our mortgage loans, so your payments are made locally at First National Bank. Contact our bank to start the application process.


Fixed Rate Mortgage Loans

When interest rates are on the move upward, rest assured that your interest rate will never change. We offer Freddie Mac products that can suited to your personal needs. We retain the servicing on all mortgage loans.


Adjustable Rate Mortgage

Adjustable Rate Mortgage, or ARM, has interest rates that adjust after a certain period of time. The annual interest rate or payment may change after consummation.


Construction Loan

Building your own home can be a difficult process. Let us make it easier for you. During the construction phase, we offer interest only payments, as well as advances available whenever you need it. We offer permanent financing once the construction process is complete.


Guaranteed Rural Housing Program

Are you a first time home buyer? Are you looking to downsize or purchase a larger home? This program may be just what you need to buy your dream home. This USDA Rural Development program guarantees 100% financing upon approval. Certain restrictions can apply, so contact our bank for more information.


Commercial Loan

Starting, expanding, or updating your business can be an overwhelming process. The First National Bank of Litchfield can help make the process easier. With our flexible repayment schedules we can help structure the best loan for your business needs.


Agricultural Loan

The First National Bank of Litchfield offers a full line of products to help with your farming operation. Whether it be an operating line of credit, machinery loan, livestock, or real estate purchase we can help. Please contact Ken Elmore or Kevin Niemann today.

Loans Offered:

  • Operating line of credit — A revolving loan used to purchase inputs and other expenses that arise from your day-to-day activities.
  • Machinery purchase — Finance new or used equipment with our flexible machinery and equipment loans.
  • Livestock — Feeder livestock, breeding stock, or expenses of your livestock operation.
  • Real Estate — Purchase or refinancing of farm and recreational real estate.
  • Beginning Farm Loans — In conjunction with the Illinois Finance Authority and Farm Services Agency.