Conventional, USDA, FHA, VA, and Construction Loans!
Whether you are a first time homebuyer or looking to purchase your next home, your State Bank Mortgage Team will work with you every step of the way to help you find the right home mortgage that meets your specific financial goals.
It is important to have the right partner when you are ready to buy a home and State Bank offers a wide range of
financing options to suit a variety of needs. Which one of these products sounds like the best fit for you :
Mortgage Type
Key Benefits
Worth Considering If You...
Down payment as low as 3%
Best rates for qualified borrowers
One rate for the life of the loan
Plan to stay in your home for a longer period of time
Have built credit history
Already have the funds for a down payment
Down payment as low as 3.5%
Flexible qualification guidelines
Fixed-rate and ARM options are available
Competive rates on fixed-rate loans
The best fixed rates
Zero payment option
Fixed-rate
Debt-to-income less than 43%
Limited to rural properties
Texas Residents ask about the Veterans Land
Board Veterans Housing Assistance Program
Lower or zero downpayment options
Mortgage insurance not required
Flexible qualification guidelines
Fixed-rate and ARM options are available
Are an active military member or veteran
Are the surviving spouse of a service member who has not remarried
Investment Property Mortgages
Have good credit
Possess the funds for the required down payment
Looking to diverse your investment portfolio
Interested in getting a second home or vacation home
Jumbo Mortgages
Loan amounts up to $2 million
Allows buyers to finance more expensive properties above the conforming loan limits
No prepayment penalties
Plan to put down 20% down
Have good credit
possess the required reserve funds
Want to avoid mutiple mortgages
Adjustable-Rate Mortgage (ARMs)
The lowest short-term rates
Keeps your monthly payments low for the initial period
Select an initial rate period of 3-7 years based on your plans for the home
Plan on moving or selling your home in a few years
Have built a credit history
Already have funds for a down payment
Construction Loan