Real Estate Financing
Owning a home is not just a dream, it’s also the most significant financial investment most people will ever make. Purchasing a home deserves careful attention to detail and a thorough understanding of available lending options.
Our Mortgage lenders provide attention and understanding. They are committed to your needs. They understand the local real estate market and are ready to put that knowledge to work for you. You can depend on prompt, responsive, local lending decisions, competitive rates, and personalized service.
Fixed Rate Mortgages
The interest rate for a Fixed Rate Mortgage stays the same for the term of the loan, no matter how interest rates change in the financial markets. With this popular mortgage, you know exactly how much you will pay in principal and interest on your home each month. The State Bank of Geneva offers an amortization of up to 30 years with a balloon at the end of five years.
For more information or to make an appointment, please call our loan department at (630) 232-3223.
Fixed Rate Second Mortgages
This type of loan is paid to you in one lump sum and you pay it back in equal monthly principal and interest payments sufficient to repay the loan in full over the term of the loan. The monthly payment terms can be customized to fit your household budget, and there is no application or closing fees.
For more information or to make an appointment, please call our loan department at (630) 232-3223.
Home Equity Line of Credit
This is a revolving line of credit that you can draw against as you need it and can be used over and over again. Monthly, interest only, payments are minimal. You only pay for what you use. There are no application or closing costs.
For more information or to make an appointment, please call our loan department at (630) 232-3223.
Lot Purchase Loans
The first step in building the perfect home begins with the lot on which you wish to build. A lot loan lets you finance the purchase of a residential lot for future construction of your primary residence or second home. When you have found the perfect lot for your new home, come to The State Bank of Geneva and talk to our experts who will help you select the right program to finance your lot purchase.
For more information or to make an appointment, please call our loan department at (630) 232-3223.
Construction Loans
There are so many tough decisions to make when you build from the ground up, choosing a loan shouldn't be one of them. We'll help you simplify your life with a new construction loan.
With a construction/permanent mortgage loan, you can customize a loan to suit your financing needs.
- Interest rates locked in at the time of loan
- Take up to 6 months to build
- Competitive interest-only payments on funds disbursed during construction
- No pre-payment penalty
For more information or to make an appointment, please call our loan department at (630) 232-3223.
