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Automatic payment from a First State Bank of Red Bud checking or
savings account is available for all loan types.
Mortgage Loans
Glossary of Mortgage Terms
Consumer Loans
Commercial, Small Business, & Agricultural
Loan
Current Rates
Financial
Calculators
Whether you are looking at purchasing a new home or refinancing
your existing home or investment property, we have the right product
for you. We offer mortgage loans for terms up to 30 years. One of
our mortgage officers will meet with you one-on-one to determine
what type of loan best meets your needs. All loans are serviced
by First State Bank of Red Bud, so anytime you have a question regarding
your loan you can just stop by and talk to one of our officers.
- Fixed Rate:
Offers the assurance of a fixed rate and fixed payment for the
life of the loan.
- Adjustable
Rate Mortgage (ARM): The interest rate and monthly payment
of ARM’s may change at pre-determined intervals based on
interest rate movements. Changes in rate are based on an index
such as the yield on U.S. Treasury Securities. ARMs have rate
caps to limit rate and payment changes.
- Home Equity
Line of Credit: Whether you are looking to do home improvements,
purchase a new automobile, or send a child to college. A Home
Equity Line of Credit gives you the freedom to use the equity
in your home to do what you want when you want. Plus, interest
may be tax deductible.
- Second Mortgages:
Use the equity in your home to consolidate outstanding debt and
enjoy a possible tax deduction.
- Construction
Loans: Gives you the flexibility to start paying interest
on the money as you need to pay for construction costs. Six month
draw period. After construction is complete your loan can be converted
to permanent financing.
- Mortgage
Rates
- Glossary
of Mortgage Terms
* The time frame from receipt of application until loan closing
will vary depending on third party vendors such as the appraiser
or title company.
We offer a variety of fixed rate installment loan products.
- Automobile Loan
- Boat Loan
- Recreational Items
(RV, ATV, motorcycle, small water craft)
- Mobile Home
- Investment Secured
by Savings, Certificate Deposit, stocks, or other assets
- Loan
Rates
First State Bank of Red Bud offers a variety of loans to assist
you in managing your business. We offer installment loans and lines
of credit with a variety of terms. A loan officer can be reached
at 282-3861 for further assistance.
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