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Loan Solutions Loan Solutions



Farmers State Bank offers a wide variety of loan products.  From unsecured consumer loans to Ag real estate financing, we offer many products to fit our customer’s needs – more loan options, more guidance and more understanding. Contact any of our loan officers to explore a loan product that works best for you.


Mortgage Loans


Click for First Time Home Buyer TipsFarmers State Bank is pleased to be able to offer secondary market lending options. Whether you are looking at: purchasing a home, refinancing for a better rate, or using the equity in your current home, contact us to see how we can assist you.

Financing available for:
  • Conventional
  • VA
  • FHA
  • Rural Development
  • First Time Homebuyer Loans
  • Debt Consolidation

For terms and conditions call Parkston at 605-928-7991 or Mitchell at 605-996-1000.

Not all applicants will qualify.


Consumer Loans


If you are looking for a different vehicle, doing a home improvement project, furthering your education, have an unexpected emergency, or need money for other personal expenses, a consumer loan is right for you.  Consumer loans have a fixed monthly payment that can be set up to fit your budget.  Farmers State Bank offers several options including:

  • Personal Loans
  • Ready Reserve Overdraft Protection
  • Home Improvement Loans
  • Vehicle Loans

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Agriculture and Commercial Loans


Farmers State Bank has experienced loan officers that can help your farming operation or retail business achieve its maximum potential.  We offer a wide range of loan products to allow flexibility to get through each operating cycle, expand and update equipment or buildings, or acquire additional real estate, including:

  • Operating Lines of Credit
  • Machinery Loans
  • Real Estate Loans – balloon, fixed or variable rates
  • Machine/Hay Shed Loans
  • Grain Bin Loans
  • Cattle Loans

Farmers State Bank offers many loan products at competitive rates and terms. 

iHELP Private Student Loan


iHelp Student Loans from Community BanksThere are many ways to pay for the cost of a higher education. After considering all your federal loans, scholarships and grants you may still have a gap you need to cover to pay your total college costs.

Farmers State Bank works with the iHELP Student Loan program to provide you an attractive private student loan that can help you to cover that gap.

  • Competitive interest rates
  • No origination or repayment fees
  • Flexible repayment options
  • Easy to apply and responsive customer service

iHELP helps to meet your financing needs for college.

Click here to learn more and apply now.

Please contact any of our locations for all of your lending needs.

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