REAL ESTATE LOANS
The Harvard State Bank offers a wide range of mortgage loan products to meet your needs. We offer mortgages for construction, primary homes, second homes, non-owner occupied, and investment properties. Loan amounts available up to 100% of the lesser of purchase price or appraised value.
Down Payment Plus Grant Program
Funds provided by the Federal Home Loan Bank of Chicago allows borrowers of low and moderate incomes (80% of median for family size in county) to apply for down payment and/or closing costs on new home purchase contracts. Subject to funds availability.
Home Equity Line of Credit
Loans for up to 85% of your home’s value to use for any purpose. Borrow what you need, set the term and payment to best fit your budget.
Have you considered unlocking your home’s equity to access funds?
This loan provides the easiest, most convenient way to access your home’s equity. Home equity line checks provide you easy access.
Interest rates based on the Prime lending rate Monthly billing with interest only payments Flexibility in principle payments
No Application Fee At Time of Closing
Checklist for HELOC Loans: (Home Equity Line of Credit)
Last 2 years W-2s Payroll stubs for most recent month Contact person and phone number of employer 2 Years full Federal Tax returns if self-employed Account numbers for all deposit accounts Last 3 month’s bank statements on all deposit accounts Balance of your present mortgage, name, address and telephone number of financial institution Recent appraisal if mortgage is with another institution Tax Bill, prior title, and homeowners insurance policies
Fixed Rate Loans
Guaranteed rate for the term of the loan Terms from 10 – 40 years to meet all needs
Balloon Loans
Flexible terms from 3 – 7 years Conversion option available on 7 year term Monthly payments calculated on amortizations up to 30 years
Check List for Mortgages:
Last 2 years W-2s Payroll stubs for most recent month Contact person and phone number of employer 2 Years full Federal Tax returns if self employed Account numbers for all deposit accounts Last 3 month’s bank statements on all deposit accounts Landlord's name and address Balance of your present mortgage, name, address and telephone number of financial institution Purchase – offer to purchase Construction contact, plans and specs Refinance – tax bill, prior title, and homeowners insurance policies
CONTACT ANY ONE OF OUR LENDING PROFESSIONALS FOR SPECIFIC INFORMATION OR LOAN RATES ON ANY OF OUR LOAN PRODUCTS.
The Harvard State Bank's NMLS Number is 704698
Andy McCauley Consumer & Mortgages NMLS # 744675 (815) 943-4400
Phillip Lehmann Business & Commercial NMLS # 744670 (815) 943-4400
Wanda Ross Consumer & Mortgages NMLS # 744673 (815) 648-2481
Laurie Selvey Consumer & Mortgages NMLS # 744672 (815) 648-2481
Paul Curran Consumer & Business NMLS # 744674 (815) 732-3111
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