Mortgage Loans

Home Purchase

• A fixed interest rate over the term of your loan
• Same principal and interest payments over the life of the loan
• Standard and low-down payment options are also available

Union State Bank In-House Mortgage Loan

Flexibility for the Future

• In-house mortgage provides flexibility to re-price at end of term
• Make payments at any West Salem Union State Bank location
• Works well for smaller mortgage loans, temporary financing, short-term repayments and self-employed borrowers

Mortgage Refinance Loans

Whether you are looking to lower your costs, pay your home off more quickly, or use your home’s equity to consolidate higher cost debt. Union State Bank will help you achieve that goal.

Construction Loans

Looking to build your dream home. We offer competitive rates. You will pay interest only while you are in the construction phase and the amount that is advanced on your loan.

Ready to build? We make it easy.

• Short-term financing for construction or home improvement up to 12 months
• You pay interest only during construction
• Can easily convert loan to a conventional real estate mortgage after completion

Lot and Land Loans

Have you found the perfect building site or recreation land? We have options for you.

Home Equity Loans (Second Mortgage)

Do you have equity in your home? Are you looking at home improvements, bigger purchase items, or debt consolidation? We have flexible payment options with our home equity loans.

Home Equity Line of Credit

A Home Equity line of Credit is a revolving line a credit that you can use and payoff over a ten-year period. Homeowners can consolidate bills, pay off high interest credit cards, and make home improvements. The rate is a variable interest rate that can change twice a year based on prime rate and your loan to value of your home.

• Take a vacation, buy a car, or help with college expenses
• Revolving credit when you need it at a variable interest rate