Whether you are buying your first home or your next home The State Bank is here to walk you through the entire process. Our staff offers a personable experience that is unmatched. No matter what your situation, our team will work with you to select a mortgage solution that fits your exact needs.
Fixed Rate Mortgage
This type of loan is one of the most popular mortgage loans that home buyers choose. It is fully amortizing where the interest rate stays the same for the entire term of the loan. A fixed rate mortgage provides for a consistent payment amount.
Adjustable Rate Mortgage
Also referred to as a variable-rate mortgage, this loan has an interest rate that is periodically adjusted based on current credit markets. These mortgages are intended for those who want to initially lower their payments to assume the risk of interest rate changes.
These mortgage loans are for real estate that are above conventional conforming loan limits. Jumbo mortgages are ideal for those who are looking to purchase luxury homes and The State Bank works with you to ensure that the mortgage meets your individual needs.
Investment Property Loans
The State Bank offers these loans for those who are interested in purchasing a second home and investment properties. Our team will work with you to help you choose the type of mortgage loan that fits your unique investment needs.
Also known as a residential construction loan, this mortgage loan funds the building of a new home or residence. The loan is closed for the total loan amount and funds are paid over the period in which the home or residence is complete.