The State Bank of Geneva

Locally owned since 1903

With what seems to be a bank on every corner, The State Bank of Geneva continues to successfully compete with larger conglomerates. "We have our roots where others have their branches", is certainly true in this time of buy-outs and mergers. The State Bank of Geneva was here yesterday, is here today, and will be here tomorrow.

 

Home Equity Loans and Lines

 With the introduction of our Equity Advantage program, you now have more home equity choices than ever. We offer lines and loans secured by both owner occupied and non-owner occupied residential properties.  We even have higher loan-to-value options for homeowners who are still building equity in their homes.

Home equity lines and loans are both great ways to borrow for home improvements as well as other large purchases such as vehicles, education, bill consolidation, appliances or vacations.

At The State Bank of Geneva, you can chose from:

Home Equity Lines

Equity Advantage Line

An Equity Advantage Line allows you to draw against the equity in your home simply by writing a check. You pay interest only on the money you use. This is a revolving line of credit, so as you pay down your loan, your money will become available to you again.

Key Features:

-         Maximum loan to value up to 80% (LTV)

-         Easy access with free convenience checks and online transfers

-         Seven year draw period 

-         No application fees or closing costs (waived during promotion)

-         Potential tax savings – the interest may be tax deductible (consult your tax advisor)

-         Click here for Equity Advantage Line disclosure

 

Equity Advantage Line Plus

All the features of our regular Home Equity Line plus a higher loan to value limit, which means you’ll have more equity available for your line.

Key Features:

-         Maximum loan to value up to 85% (LTV)

-         Easy access with free convenience checks and online transfers

-         Five year draw period 

-         No application fees or closing costs (waived during promotion)

-         Potential tax savings – the interest may be tax deductible (consult your tax advisor)

-         Click here for Equity Advantage Line Plus disclosure

 

Investors Equity Advantage Line

This line may be secured by residential, non-owner occupied, rental or investment properties.

Key Features:

-         Maximum loan to value up to 75% (LTV)

-         Easy access with free convenience checks and online transfers

-         Five year draw period

-         Click here for Investors Equity Advantage Line disclosure

 

Home Equity Loans

Equity Advantage Loan

If you are looking for a fixed rate and fixed payment each month, the Equity Advantage Loan may be right for you.   It is great for those large, one time purchases or expenses and monthly payment terms can be customized to fit your household budget

Key Features:

-         Maximum loan to value up to 80% (LTV)

-         Six year balloon with up to 30 year amortization

-         Convenient automatic payment option

-         Competitive rates 

-         Quick approval process

-         Potential tax savings – the interest may be tax deductible (consult your tax advisor)

 

Equity Advantage Loan Plus

All the features of our regular Equity Advantage Loan plus a higher loan to value limit, which means you’ll have more equity available for your loan. 

Key Features:

-         Maximum loan to value up to 85% (LTV)

-         Six year balloon with up to 30 year amortization

-         Convenient automatic payment option

-         Competitive rates 

-         Quick approval process

-         Potential tax savings – the interest may be tax deductible (consult your tax advisor)

 

Investors Equity Advantage Loan

This loan may be secured by residential, non-owner occupied, rental or investment properties.

Key Features:

-         Maximum loan to value up to 75% (LTV)

-         Five year balloon with up to 25 year amortization

-         Convenient automatic payment option

-         Competitive rates

-         Quick approval process