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Sweep Accounts
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: Perfect for those who 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. The loan allows for 100% financing in those communities where the customer meets the income guidelines per county they are purchasing in.
In-House Portfolio Loan: Flexible mortgage options for borrowers who would like to keep their own 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.
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 89.9% 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.