Mortgage Loans

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Mortgage Loans

We do the hard work, so you don’t have to.
First State Bank NMLS Number: 509255

Residential Purchase

When customers borrow from us, all the money doesn’t get invested out-of-town. Much of it stays here in our community, creating more local jobs, more money for public schools, more healthy growth for our community. We’re all about doing what’s right for our customers, and in turn, our community.

Home loans, commonly called “residential mortgage loans,” are a type of loan used to finance the purchase of a home. They are typically for a single-family home but may be used for other types of residences as well, including condos, townhouses and co-ops. Home loans usually have lower down-payment requirements and interest rates than commercial mortgage loans.

Home Improvement

Deciding to renovate your home is a big decision-one that comes with a lot of important choices. One of the most important choices you’ll make is deciding how to finance your project.

At First State Bank, we offer home improvement loans with fixed-interest rates and flexible loan terms. This means you can choose the loan option that’s right for you and your project, without worrying about fluctuating interest rates. With a home improvement loan from First State Bank, you can rest assured that your dream home renovation is within reach. Contact us today to learn more about our home improvement loan options and how we can help you make your vision a reality.

Home Equity

A home equity loan is a type of loan in which the borrower uses the value of their home as collateral. Home equity loans are usually used to finance major expenses such as home repairs, medical bills, or college tuition. These loans typically have lower interest rates than other types of loans, and the interest paid on a home equity loan may be tax deductible. Home equity loans can have a repayment term of up to 30 years and can be a single lump sum. Give us a call to see if you qualify for a home equity loan, today!

Home Construction Loans/Permanent Financing

Construction-to-permanent financing is a type of loan that can simplify the process by allowing you to finance both the construction and the permanent mortgage with a single loan. This can save you money on interest and fees, and it can also save you the hassle of going through another closing when the construction is finished. In addition, construction-to-permanent financing can provide other benefits, such as the ability to lock in current interest rates for the life of the loan. If you’re thinking about building or renovating a home, construction-to-permanent financing may be the right option for you.

Recreational Property

If you’re looking for a loan to finance your purchase of recreational land, First State Bank offers competitive rates and terms. Our loans can offer 30-year amortization terms for affordable payments. Recreational land is usually used for hunting, fishing, hiking or ATV-riding, with no immediate plans for building at the time of purchase. If you do have interest in building a home, pole barn or outbuilding later, we can provide do-it-yourself or contracted construction loans to fit your needs. Contact us today to learn more about our recreational land loans.

Second Homes

Home ownership is a great way to build equity and stability for you and your family. If you’re considering purchasing a second home, there are a few things you should know about getting a mortgage. First, on your primary mortgage you may be able to put as little as 5% down, depending on your credit score and other factors.

On a second home, however, you will likely need to put down at least 10%. Second mortgages generally add more financial pressure for a homebuyer, because of this, you will need a slightly higher credit score on a second mortgage. Depending on your mortgage, credit scores, and loan amount – rates on a second mortgage may be higher than on your primary mortgage. Other than these differences, the process of applying for a second home mortgage is similar to that of a primary residence mortgage.

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1526 Fourth Street
Graham, TX 76450

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First State Bank
⑆ 111312894 ⑆

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Welcome back to a time when neighborhood banks were owned by neighbors. A time when banks cared more about you than the daily balance in your account. Welcome back to First State Bank, a genuinely local bank committed to doing business face-to-face, like the old days. Yet with all the modern conveniences you expect today.

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