PURCHASE or REFINANCE A HOME
Conventional, USDA, FHA, VA, and Construction Loans
Mortgage Loan Options
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