Mortgage
Are you ready to purchase or build a new home, or are you thinking about refinancing your current home? You will find the a variety of loan products to fit your dreams and budget at Community State Bank. As your hometown bank, we handle everything locally.
Fixed Rate Mortgage Loans
Fixed rate loans give you the assurance that your interest rate will never change for the life of the loan. Community State Bank offers terms of up to 30 years.
- Terms available up to 30 years
- Rate fixed for the life of the loan
- Can finance up to 90% of purchase amount
Conventional fixed rate loans with less than 20% down payment require private mortgage insurance.
Balloon Loans
Community State Bank offers 3, 5, and 7 year Balloon Mortgages. The repayment period may be up to 30 years, but the loan will mature in 3, 5 or 7 years. At that time the loan may be renewed at the current interest rates.
- 3 Year, 5 Year and 7 Balloons
- 20% down payment required
- Renews at current interest rates
Construction Loans
Community State Bank offers a One Year Construction Loan with features that you won’t find from others, like unlimited draws, local application, quick response time and low closing costs. Once your construction is complete, we make it easy for you to apply for permanent financing with us.
- One Year Construction Loan
- Unlimited draws
- Low closing costs
Home Improvement Loans
Michigan State Housing Development Authority Home Improvement Loan Program
This program is designed for individuals with total household incomes of $105,700 a year or less. For more information on this type of loan click here: Contact Us.
Contact one of our local branches to receive the most up to date mortgage rates.