American State Bank has flexible financing options available to meet your financing needs. We offer:
- Purchase and Refinance Loans
- Conventional Fixed Rate Loans
- Adjustable Rate Mortgages
- Interim Construction Loans
- Home Equity Loans
- Home Improvement Loans
- Bridge Loans
We’ve made applying for a home loan easy! Here’s how it works:
1. Complete the online application
The online application will quickly navigate through questions relating to the subject property, personal finances and type of loan requested. After your online application is submitted a Mortgage Loan Officer will contact you for introduction and to answer any questions. The Mortgage Loan Officer may request additional information pertinent to loan processing. Once all information is provided, the Mortgage Loan Officer will approve/deny the application. For your application, you will need the following information about yourself and any other borrowers:
- Social Security Number
- Employer Contact information
- Estimated income, assets, and liabilities
2. Initial disclosure package is sent for review
The disclosures will itemize estimated fees, payments and terms of your proposed loan. They will also provide consumer rights and regulatory disclosures. These documents should be signed and returned in a timely manner, along with additional items verifying application information.
3. Property services are ordered
Once the initial disclosure documents are signed and returned, our loan processing team will order property related services. This will include: Appraisal, Flood Determination, Title Insurance and other items to prepare file for closing
4. Time to coordinate closing
After we receive the appraisal, flood determination, title work and additional financial documentation, we will contact you to schedule the loan closing.
If your prefer to apply face to face, call or visit your local American State Bank location to speak with a friendly experienced Mortgage Loan Officer today.