Mortgages

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State Bank of Cherry offers many competitive fixed rate and adjustable rate products to help you purchase, build or refinance a home.  We will walk you through the process to take the stress off of you so you can work on packing and picking out paint colors!

Purchase:

• Up to 30-year fixed rate financing
• As low as 3% down with PMI (Private Mortgage Insurance)

“Personal service. Very professional. Make you feel at home.”  ~  Gene A.

Refinance:

• Up to 30-year fixed rate financing
• Cash out up to 80% loan to value

Construction/Construction Permanent Financing:

• 6-12-month construction period
• 20% down
• In-house inspections and draws

Home Equity Line of Credit:

This is a revolving line of credit that uses your homes equity to do various things, including: home repairs, college expenses, vacation, consolidate debt; the possibilities are endless.

• Variable rate open end line of credit
• 10-year term-draws can be made up to the maturity
• $500 minimum draws
• Minimum monthly required payment based on 1% of the outstanding principal balance plus interest-if only the minimum payment is made monthly, it will cause a balloon payment at maturity

Investment Property:

• Purchase
• Refinance

Why choose State Bank of Cherry?

• Fast, local approval
• Competitive rates
• In-house loan servicing
• Experienced lending team

“I love the kindness and willingness to always help me when I come in there.”  ~  Melissas S.

Mortgage Loan Officers:

JoAnna Lynn Engels

1-815-894-2345 | jengels@statebankofcherry.com | NMLS: 719022

(Do not include confidential information in emails.)

State Bank of Cherry NMLS: 509252