The lending process can be overwhelming, and our friendly lending team is here to help guide you through the process. Our experienced lenders can help find a loan product that is well suited to your particular needs. We offer the following mortgage products:
Fixed Rate Loans
Have the assurance that your principle and interest payment will remain consistent over the life of your loan. Terms of 15, 20 and 30 years are available through Freddie Mac (FHLMC). Shorter terms are also available.
Balloon Mortgage Loans
This product is designed for non-conforming, non-traditional borrowers for owner-occupied housing. Balloon mortgage loans still offer competitive rates and terms as an alternative to fixed rate financing. Loan-to-value limits and amortization terms may vary.
Did you find the perfect new home you can’t live without, but need to sell your current home before you can buy it? No need to wait! Our Bridge Loan allows you to utilize the equity in your existing home to assist in the purchase of a new residence. This product provides flexible terms with reasonable payments to allow time to sell your home. Once sold, we will assist you with permanent financing. Not all financial institutions offer this specific loan product, but we are proud to say that we do!
Construction and Lot Loans
Looking to build your dream home? Purchase land for a future building site and/or build the home you’ve always wanted with a loan at JSB. Once your new home is completed, we will help you with options for permanent financing.
Home Equity Loans
Put the equity in your home to work for you with a home equity line of credit. Use the money from your home’s equity for home remodeling, a room addition, pay off high-rate credit cards, take a much needed vacation, or any other purpose you may desire. Funds can be accessed by check or transferred straight to your checking account as needed.
Contact our lending department at 618-498-6466 to discuss any of these loan options or simply click on the Apply Now button to take you to our online mortgage center. Jersey State Bank is on your side – so let’s get started!