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Farmers State Bank
FreedomBank

At FreedomBank, we offer a range of home loan solutions supported by our experienced local lenders.

We guide you through the entire application process, ensuring a seamless experience whether you're buying your first home, your dream home, or refinancing your existing home.

As an employee-owned community bank, we take pride in our efficient in-house loan processing, guaranteeing a streamlined and reliable process every step of the way.

HOME LOAN OFFERINGS

Purchase
Our knowledge of the local market enables us to identify the best home purchase options for our customers.

Refinance
Optimize your finances with our flexible refinancing solutions.

Home Equity
Leverage the equity in your home for major expenses, investments, or renovations.

Construction
Comprehensive construction financing covers purchasing land, building or rebuilding a house, and renovating your home.

Home Equity Line of Credit (HELOC)
Access funds with our convenient HELOC options. Using the equity in your home as collateral, HELOCs offer lower interest rates than other loans. Use them for home repairs, debt consolidation, or unexpected expenses.

OUR TEAM

Chelsie Sperfslage
NMLS: 907677
563-245-2522

Vincent Schmelzer
NMLS: 2498147
563-539-2015

Vincent Schmelzer
NMLS: 2498147
563-539-2015

Kaylee Fritz
NMLS: 1071176
563-864-7441

Patricia Kammeyer
NMLS: 408937
563-568-3417

Barb Shull
NMLS: 2177411
563-568-3417

Kelli Mudderman
NMLS: 2118494
563-568-3417



  1. Local Presence, Local Decisions: Benefit from the convenience of local lenders and decision-makers who understand your unique needs, ensuring personalized service and timely loan approvals.
  2. Sevicing Loans Locally: Experience seamless service as we handle all aspects of your loan process right here at your community bank, while getting to know you.
  3. Knowledgeable Experts: Our experienced lenders provide personalized loan advice tailored to your individual needs. For over 120 years, we have been empowering our customers, communities, and employees while adapting to changing needs.
  4. Convenient Locations and Hours: Enjoy accessibility to lenders and support teams through our convenient locations and online banking.
  5. 100% Employee-Owned: Experience a bank that is fully owned by its local employees, ensuring a vested interest in your success and satisfaction.

Let us help you turn your dream of homeownership into reality.

Contact Us

HOME LOANS

  • We think purchasing, refinancing or building a home should be easy. That is why our mortgage lenders will walk you through the process step by step
  • Competitive rates and affordable payment options
  • Local decision making and quick response for approval
  • Significantly lower closing costs than online lenders or big banks
  • Local mortgage lenders that are familiar with our housing markets

If you are thinking about buying a home for the first time, here are some helpful tips:

  • Know your monthly income and budget
  • Discuss your finances with FreedomBank before you begin looking for a home
  • Determine what you can afford for a payment
  • Gather paperwork: pay stubs, W-2s, tax returns, investment summaries
  • Check your credit report
  • Keep credit card balances to a minimum
  • Keep all payments current
  • Know what current mortgage rates are
  • Know the difference between fixed and variable rate loans
  • Check with local and state agencies that provide first time home buyer assistance
  • Know what you will pay for property tax and insurance before buying

HUD Approved Housing Counselors

CONSUMER REAL ESTATE APPLICATION LINKS

The consumer real estate application consists of multiple components which are listed below. Please complete the forms as applicable. Upon completion, return your application documents to any of our five locations. If you need assistance, please call to schedule an appointment with one of our loan officers.