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Personal Lending

Purchasing a home, remodeling, or need money to finance your education or dream vacation? Find the right solution for your borrowing needs by researching our loan options and rates.

Consumer Lending

We can also help you with personal loans for a new car, debt consolidation, a personal line of credit, or a loan for any good reason you might have! For more information on consumer lending, contact us today! Interested in what your monthly payments might be? For more information, please contact your local branch office.

  • Installment Loans - Looking for a small personal loan? We can help with installment loans that are ideal for smaller borrowing needs such as furniture, vacations, or minor home improvements.
  • Automobile Loans - First State Financial offers competitive rates for new and used vehicles. So, if you are looking for a new Hummer or just something to get you to and from school, we should be your first stop the next time you are looking for a car, truck or even a boat.
  • Home Equity Loans - Make your dreams a reality with a First State Financial home equity line or loan. Whatever your plans -- home improvements, debt consolidation, dream vacation -- we have the answer to your borrowing needs.

Mortgages

At First State Financial we can help put you into the home of your dreams at competitive interest rates. We offer fixed-rate mortgages, adjustable rate mortgages, balloon loans, home equity loans, new construction loans, and bridge loans. For more information on making your home ownership dream come true, contact us today! Interested in what your monthly payment might be? For more information, please contact your local branch office.

If you are buying your first house or building the house of your dreams let us help make your house a home. We take pride in giving individual attention to each aspect of your mortgage process. All of our knowledgeable and experienced staff members have a deep commitment to deliver personalized service to every customer.

Registered Mortgage Loan Originators

Commercial Lending

We are proud to be part of your business's plans for success. We can help you with commercial loans. We can also assist you with commercial real estate loans, construction loans, lines of credit, loans for equipment, and acquisitions. Click here for more information on commercial lending or please contact your local branch office.

 

Frequently Asked Questions and Answers


What kinds of loans are available?
Business loans, mortgage loans, and personal loans.

First time borrower?
Our loan officers will help you get your credit established with verification of employment, document income (copy of check stub, 1040’s), two years employment history. Come in to see a loan officer today!

What are the interest rates?
Interest rates cover a broad range depending on the type of loan and specific  information provided by the applicant.  They also are impacted by market conditions over time, so specific rates are not quoted here.  Both variable (floating) rate loans and fixed (locked) rate loans are available.  Please contact a lender to discuss specific rates.

Do you need collateral?
Most loans required some type of collateral, although it may not be necessary for applicants who qualify for non-collateral loans.  A lender can assess your situation and determine if collateral is required or not.  Some common types of collateral are vehicle liens, mortgages on houses, or liens on business equipment.

Can you obtain a loan if you don’t have any credit?
Yes, it is possible to obtain a loan without having any established credit, but this is not common.  If the applicant is qualified in all other regards, special requirements may apply, such as requiring a qualified co-borrower, or using a deposit account at the bank as collateral.

How do I apply for a loan?
You can come into any of our offices and submit an application with a lender in person.  Lending officers are located at any branch location.

What do you need to apply for a loan?
The minimum you need to complete an application is copies of paystubs/W-2’s (or tax returns for self-employed individuals), a list of current debts owed (creditor’s name, balance, and payment amount), and general information about any possible collateral.  More information may be requested depending on the type of loan for which you apply.

What about co-signers?
Co-signers, also known as co-borrowers, are typically necessary when an otherwise qualified applicant has no established credit record.  Co-borrowers must meet the same qualifications as the applicant.  Co-borrowers are equally responsible for complete repayment of the loan along with the applicant.

What if my credit is bad or I’ve had a bankruptcy?
You should still come into an office and speak with a lender.  Often your credit may not be as bad as you think.  There are occasionally legitimate ways that the risks indicated by a poor credit history or bankruptcy filing can be mitigated.  For instance, a lien against a deposit account held at the bank could provide enough collateral to offset a poor credit history.

What happens if my payment is late?
We understand that real life circumstances arise that might prevent your payment from being made on time.  For that reason, we allow a 10 day “grace” period following your due date.  If you pay during these 10 days, no penalties or fees are assessed.  After 10 days, late payments become part of your credit history and may be reported to national credit reporting agencies.  Your lender and other bank officials will contact you to get your payments back on track as quickly as possible.

 

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