Whether you're a first-time home buyer or upgrading to a different home, our lenders will guide you through the mortgage process—helping you figure out how much home you will be able to afford, explaining your financing options, and making sure each step of the process goes as smoothly and quickly as possible. 

Have an existing mortgage? Our mortgage lenders can also help you determine if you can save money on your monthly payments by refinancing. (All mortgages subject to credit approval.)

Prefer to apply online? You can check rates and apply for a mortgage for any of the following products through First State Bank's secure Mortgage Center (NMLS# 469882).
 
Fixed Rate Mortgage Loan
Fixed rate mortgages lock in a rate for a specific period of time such as 10, 15, 20 or 30 years so you can have peace of mind knowing your interest rate and payment amount will not change. First State Bank also works with various mortgage programs to help first-time and lower income buyers own their own home. 

Adjustable Rate Mortgage (ARM) Loan
Adjustable Rate Mortgages are an attractive option for home buyers who want a competitive rate and value local decision making and servicing. The rate on an ARM loan is fixed for an initial period of time, then adjusts based upon an index. ARM loans have an interest rate ceiling to protect you from a significant change in the rate environment. An ARM may be a good choice if you only plan to be in your home for a few years or if you only have a short time left on your mortgage. 

Home Equity Loans
Both Home Equity Loans and Home Equity Lines of Credit allow you to borrow against the equity you have in your home for a variety of needs. Additionally, the interest paid on these loans may also be tax deductible (please consult your tax advisor to find out if you qualify). Your mortgage lender can help you decide which is best for your situation.
 
Home Equity Loan
A Home Equity Loan will provide you with a fixed amount of money in a lump sum. You will be charged a fixed monthly interest rate on the amount you borrow and pay a monthly installment over a set period of time. 
 
Home Equity Line of Credit
A Home Equity Line of Credit allows you to draw upon a predetermined credit limit for a specific period of time. You simply write a check on the line of credit, borrowing only what you need when you need it. Interest rates on home equity lines are typically variable, but you pay interest only on the amount you actually borrow. Monthly payments in turn may vary based upon the interest rate and the balanced owed.

Construction Loans
Planning on building the home of your dreams? A Construction Loan allows you the flexibility to pay only interest on the funds that are advanced for the project. When your construction is complete, we convert your loan into permanent mortgage financing.

Lot and Land Loans
Whether you've found the perfect spot for your future home or are looking for a piece of land for hunting and other recreation, First State Bank can help with financing.