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First State Bank offers a variety of loan programs to meet your needs. We have the leading lenders in the industry to provide you with the knowledge you need to make an informed decision about which loan is right for you.  We can provide comparisons between:
 
Conventional 10, 15, 20 or 30 Year Loans
FHA 15, 20 or 30 Year Loans
USDA 30 Year Loans
In-House ARM loans
Manufactured Housing Loans
Renovation Home Loans
Home Equity/Refinance

Conventional 10, 15, 20 or 30 Year Loans
Conventional loans require a minimum of 5% downpayment. You will have a lower, fixed rate for the life of the loan.
Maximum Amount: $424,100
 

 Comparison shop and discuss your options with your FSB mortgage lender!


FHA 15, 20 or 30 Year Loans
FHA loans require a minimum of 3.5% down payment. These loans have lower fixed rates and are more lenient on qualifying borrowers who have little credit history or who have had some challenges with credit history in the past.

USDA 30 Year Loans
USDA loans require 0% downpayment, a lower fixed rate and are a wonderful option for a first-time homebuyer who may not have a large downpayment saved.

In-House ARM loans
 

 Sometimes circumstances or job changes create difficulty in qualifying for a secondary market conventional loan.  At FSB, we have options to offer that might meet both your short term needs and long term goals.


Manufactured Housing Loans
We now offer Manufactured housing loans! The home must be a double wide, fixed permanently to the land and contain the manufactured housing HUD plates. These loans require a minimum of 5% down payment and must have a minimum of 600 square feet of gross living area.

Renovation Home Loans
We now offer several types of Renovation Home Loans! You can now purchase a home within the neighborhood you've been wanting to live in and renovate it at the same time! The minimum down payment is 3.5% down. We also have renovation loans that include a refinance of your current mortgage, so if you want to renovate the home you currently live in we have some options for that too!

Home Equity/Refinance
We offer cash out Texas Home Equity loans as well as traditional refinance loans. The Texas Home Equity loan is beneficial because your cash can be used for any purpose you see fit. However, with the home equity loans the Texas law states you must keep 20% equity in your home therefore an appraisal often determines the final cash out amount. The traditional refinance is perfect for someone who currently has a higher interest rate on their mortgage and would like to save money for the remainder of their mortgage to lower their payment and have a fixed interest rate.



Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $484,350 for the contiguous states, District of Columbia, and Puerto Rico or below $636,150 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $424,100 with closing costs of $8,482. Jumbo Loans (whose maximum loan amount exceed $484,350 for the contiguous states, District of Columbia, and Puerto Rico or exceed $636,150 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $424,101 with closing costs of $8,482. Your actual APR may be different depending upon these factors.