Real Estate Loans 

 

First State Bank offers a wide variety of real estate loans to fit any borrower's need.  Whether for purchase of a new home, refinancing your existing home, a remodeling project or purchase of a rental property, we have a product that will work for you. 

 

We work with Iowa Bankers Mortgage Corporation and Bankers' Bank to provide long-term fixed rate loan products. However, many of our customers prefer our personal service and lower closing costs, therefore we also offer loans not sold to a mortgage company with payments made at First State Bank. 

 

Our Home Equity Line of Credit is another lending source available at First State Bank where you can consolidate your debt, purchase a vehicle or recreational toy, pay for a child's education or take a much needed vacation.  Depending on your situation, the interest paid may be a tax deduction.  Ask your tax advisor regarding the deductibility of interest.  The Home Equity Line of Credit is easy to use.  Simply write a check and only those funds will be advanced so you only pay interest on the money you have already spent! 

 

Home Improvement loans are also offered as another alternative to finance the maintenance and upkeep of your home, an addition or remodeling project.  Ask our loan officers about these great ways to use the equity in your home as convenient and low cost options.