Home Loans

Conventional Loans

Conventional loans can be obtained directly through the State Bank of Alcester, and State Bank of Alcester will service these loans.

  • Fixed-Rate, Long-Term Loans

For more information, contact Amanda or apply today.

Community Home Improvement Program (CHIP)

This program offers low-interest loans for low-to-moderate income homeowners for the improvement, repair or addition to the borrower’s present single family home. Interest rates are very attractive and dependent on the applicant’s income. CHIP loans have level monthly payments.

If you do not qualify for a CHIP loan, other home improvement loans are available. For more information, contact Amanda or visit the SDHDA website.

United States Department of Agriculture (USDA) Rural Development (RD) Loan Guarantee Program

Under the terms of the USDA Rural Development Loan Guarantee program, an individual or family may borrow up to 100 percent of the appraised value of the home, which may eliminate the need for cash for a down payment or closing costs. A common barrier to owning a home for many people is the lack of funds to make a down payment. The availability of the loan guarantees makes the reality of owning a home available to a much larger percentage of Americans.

For more information, contact Amanda, visit the USDA Rural Development website or apply today.

Veterans Affairs (VA) Loan Guarantee Program

VA’s guaranty allows the bank to offer veterans loans with more favorable loan terms. The amount of guaranty depends on the loan amount and whether the veteran used some entitlement previously. The amount of the guaranty also depends on the appraised value of the property. The local VA office can provide more details on guaranty and entitlement amounts.

For more information, contact Amanda, visit the VA Home Loans website or apply today.

State Bank of Alcester    NMLS ID:    442790
Amanda Beeler    Residential Real Estate Loan Officer NMLS ID:    879503
 Christi Wegh Mortgage Loan Underwriter  NMLS ID:  1121902
Nichole Hurlbert  Mortgage Loan Processor NMLS ID:  1121905

 Loans subject to credit approval.  Product descriptions contained herein do not take the place of required disclosures under federal and state regulations. Please contact us for disclosures appropriate to these accounts.