Backed by the U.S. Department of Veterans Affairs, a VA loan allows active duty and reserve service members, U.S. veterans, and widowed military spouses to purchase a home. It’s a popular loan option because credit score requirements are lower, and there is no down payment or private mortgage insurance (PMI) requirement.
FHA loans are backed by the Federal Housing Administration and are most appealing to first time-home buyers. Credit score requirements are typically lower, and the down payment can be as low as 3.5%.
A USDA loan appeals to buyers purchasing in qualifying rural areas, as these loans are backed by the United States Department of Agriculture. This is an attractive option particularly for first-time home buyers because there is no down payment requirement, PMI is lower, and qualification may be easier.
In-house financing refers to a mortgage loan that is made and kept by the bank rather than selling to a third-party lender. It offers more flexibility to borrowers than other traditional lending options. It also allows borrowers to work with the same mortgage team from start to finish, and beyond.
A conventional loan offers more flexibility to borrowers, as it is not insured or guaranteed by any government-backed agency.
A jumbo loan is a home loan that exceeds the Federal Housing Finance Agency’s (FHFA) conforming loan limits and is a great option when purchasing a high-priced or luxury home.
Building the home of your dreams is within your grasp. Talk to one of our mortgage specialists to help you secure the financing you need for the construction process.
Buy now, build later. Found the perfect piece of land to build your future dream home? A lot loan from Coleman County State Bank provides the financing you need to make the perfect spot your own now.
Making improvements to your current home doesn’t have to be a pipe dream. With a home improvement or cash-out home equity loan, put your home’s equity to work. Get the funds you need for the home you want.
Pay off your home sooner and lower the amount of interest paid over the life of the loan by refinancing into a shorter term. Explore your options and the benefits of refinancing to a new, shorter-term loan!
Do you want to consolidate or pay down debt at a lower interest rate? Pay for college or make improvements to your home? Put your home's equity to work with a cash-out home equity loan. Get the cash you need to pay for your current expenses now.
Maximize your monthly income by changing the terms of your mortgage. The equity in your home may allow you to refinance to a lower monthly payment.
Routing Number: 111321814
SWIFT Code: TIBBUS44
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