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Central State Bank offers a variety of loan programs to meet your needs. We work with the leading lenders in the industry to provide:  The conforming max loan amount is $424,000.

 

 
Conventional fixed Rates
Rural Development/ USDA
VA
FHA
IFA- Firsttime Home Buyer
Bridge Loans
Home Equity Line of Credit

Conventional fixed Rates
Term: 30 years   Maximum Amount: $424,100
 

 Maximum LTV 95% Primary Residence, 90% Second Home, 85% Investment Property

10, 15, 20, 25, or 30 year terms available


Rural Development/ USDA
 

 100% financing on the Purchase of your Primary Residence.  30 year fixed rate term.


VA
Term: 30 years   Maximum Amount: $424,100
 

100% financing on the Purchase of your Primary Residence.  30 year fixed rate term.  No Private Mortgage Insurance.  Must be an eligible Veteran.


FHA
Term: 30 years   Maximum Amount: $275,665
 

 Maximum LTV Primary Residence Purchase 96.5%, 97.75% Rate/term Refinance.  30 year fixed rate.


IFA- Firsttime Home Buyer
 

 Maximum LTV 97%, $2500 grant available, Must meet income guidelines


Bridge Loans
 

 Use the equity in your current home for down payment to purchase a new home.  Locally underwritten and serviced.


Home Equity Line of Credit
 

 Put your Home's Equity to Work:  Home Improvements, Medical Bills, Vacations, Debt Consolidation, College Expenses, New Vehicles.  Locally underwritten and serviced.




Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $484,350 for the contiguous states, District of Columbia, and Puerto Rico or below $636,150 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $417,000 with closing costs of $8,340. Jumbo Loans (whose maximum loan amount exceed $484,350 for the contiguous states, District of Columbia, and Puerto Rico or exceed $636,150 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $1,000,000 with closing costs of $20,000. Your actual APR may be different depending upon these factors.