Mortgage Services

Find the Right Mortgage Lender for You

Our unique style and building strong, personal relationships generates lifelong customers. Purchasing or refinancing a home is one of the biggest investments you’ll ever make. At South Story Bank & Trust, we’re here for you every step of the way.

Our committment to you is extraordinary service. We are empowered to identify a need, make a decision and take action. Our mortgage team is ready to sit down with you and review options to help you select the best home loan.

Do you have questions about a construction loan or the best mortgage product to fit your needs? Contact one of our mortgage bankers to discuss financing options.  

Home Financing Options

There are a variety of home loan options and programs available to you when you choose to finance through South Story Bank & Trust.

Our mortgage team will review all the options available to you, so you can make an informed decision on which home loan will work best for you.‍

Fixed Rate Mortgage: Your loan features a fixed rate and a payment over the term of the loan.‍

Adjustable Rate Mortgage: An ARM is ideal if you plan to live in their new home for a shorter period and want to take advantage of lower interest rates for a designated period.‍

Federal Housing Administration (FHA) Loan: Overcome some of the barriers to buying a home with affordable financing options and lower down payment, and income requirements while still receiving competitive rates.‍

Veteran Administration (VA Loans): This government-insured home buying program provides financing assistance, lower down payments, and lower monthly mortgage insurance premiums to eligible armed forces veterans.‍

USDA (RD) Loan: This government-insured loan is used for rural communities with a population less than 20,000 people. This loan allows 100% financing if you are in a community where you meet the income guidelines per county, in which, you are purchasing.‍

In-House Portfolio Loan: We offer flexible mortgage options if you would like to keep your mortgage with South Story Bank & Trust.‍

Home Construction Loan: Have you considered building your dream home? Turn your vision into reality with loans that cover the purchase of land and construction of a new home.‍

Jumbo Loan: This loan is perfect for those whose loan amount exceeds the conventional conforming loan limit.

Home Equity Loans & Lines of Credit: Put your home's built-up equity to work for you. South Story Bank & Trust offers Home Equity Loans and Home Equity Lines of Credit (HELOCS) to allow you to use your home's equity to your advantage.‍

Home Equity Loans: Borrow up to 90% of the appraised equity of your home and pay it back with a fixed payment over a fixed term.‍

HELOCs: Borrow up to the 90% of your home's appraised value and draw on this revolving open-ended line of credit as you need it. HELOCs are ideal for times when you have low cash flow.