Mortgage Loans

Mortgage LoansYour home may be the single largest investment in your lifetime. Securing a mortgage loan is an important step in the process of home ownership that can impact your finances for decades.

The Napoleon State Bank has the experience necessary to help our customers secure mortgage loan options that meet their short- and long-term needs. We offer mortgage loans with highly competitive rates for the building, refinancing or purchase of any new home. Whether you're just starting out or already moved in, our highly experienced team of lenders will handle all the details so you can feel right at home. To get started on your loan, print our Mortgage Application (254 KB PDF*). Fill out and drop off or mail to one of our lenders to get started on your loan today!


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Fixed Rate Mortgages

The interest rate remains the same for the life of the loan with a fixed rate mortgage. This type of loan is generally popular because it’s easy to budget around. If the interest rates drop, borrowers can consider refinancing at the lower rate. Closing costs for fixed rate mortgages tend to be higher than adjustable rate loans, but the rate is often lower.

Home Equity Line of Credit

This is a type of second mortgage. Instead of receiving a lump sum, borrowers receive the funds as they need them, over a period of time. Home equity lines are generally adjustable rate mortgages. Some borrowers use them to make home improvements, while others use them to pay for college tuition or other large expenses. Home Equity Lines of credit have minimal closing costs, and the interest is tax deductible.

2nd Mortgages

This involves taking out a second lien on the property. It is a loan taken against your home on which there exists a primary mortgage. The interest rate is adjustable every three years. The home equity is used as collateral for the second loan.

Commercial/Rental Loans

This is the ideal way to purchase an investment or rental property. We offer a variety of commercial mortgage options. Whether you are purchasing a new mortgage property or refinancing one that you currently own, let us help.

Farm Loans

We can assist you in financing a purchase of acreage. Our products offer flexibility for farmers. With adjustable terms and payment options, you can choose what type of financing is right for you.

Construction Loans

If you're looking to build that home of your dreams, you would take out this type of loan. This loan is a line of credit until the construction is completed. Once the construction is complete, the mortgage generally converts to a conventional long-term loan.

Our Lending staff will gladly assist you from application to closing. Stop by any of our locations to speak with a loan representative today.

Wondering how much your payment would be?

Use our mortgage calculator

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