Loan Center
First Community State Bank offers many types of loans. Fill out your mortgage application online today or see if our other loans would fit your needs.
Mortgages

Visit our Online Mortgage Center for today's mortgage rates. Free Pre-Qualification , instant preapproval, online loan status.Apply Today - 24 hours a day!

Home Equities

A Home Equity Loan or a line of credit can be a homeowners best friend if used wisely. Don't let the name home equity deceive you, these loans can be used for anything. You can consolidate debt, pay for your child's college education, or purchase a home computer. The biggest advantage of using equity in your home is that the interest you pay on your loan may be tax deductible, like the interest you pay on your first mortgage. You should consult a tax advisor regarding the deductibility of interest and charges with this loan.

What is a Home Equity Loan?
The equity you have in your home is the difference between the value of your home and the amount you owe on your home loan. Basically, equity is the amount you have paid on the principal of your loan. It also includes any down payment you made when purchasing your home and any increase in the appraised value of your home. A Home Equity Loan is secured by your home. Often referred to as a second mortgage, home equity loans have a fixed loan amount, meaning the principal is paid to the borrower in one lump sum payment. Interest rates, commonly fixed for the term of the loan, are determined by the length of the term and your loan to value ratio. Lower LTV ratios mean less risk for the financial institution and therefore qualify for a better interest rate. 

Construction Loans
Thinking of Building or Remodeling?
Our Experienced Lenders Know  Construction Loans.

Do you dream of a home built just for you? A home you choose piece by piece, from the floor plan to the appliances to the knobs on the cabinets? New homes offer many advantages. The main benefit of building your own home is the flexibility in choosing a design that suits your family's needs. Additionally, new homes generally require less maintenance than older homes.

The information available for someone who is interested in building a new home is almost overwhelming. There are collections of floor plans, books on selecting a contractor, and magazines with design tips for every room. However, the subject of how to finance your project is not as well covered.

There are some risks involved with your building project: contractor delays, weather delays, mechanic liens, and cost overruns can all be potential problems. First Community State Bank will work closely with you to eliminate as many problems as possible and insure a smooth construction project.

Let us help you uncover the exciting truths about financing the construction of your custom-built home.

We also offer Personal Loans and Car Loans! Call us today at (618)635-5100 for more information.

This Web site is for marketing purposes and is not designed as a substitute for full account disclosure of any product described in this Web site. Please contact a personal banker for more information.