Mortgage Loans

The process of buying, building or refinancing a home can be intimidating. That is why at Union State Bank, we turn the process into an experience for our customers. Our team at Union State Bank has over 60+ combined years of experience with our staff. They will keep you informed and educated throughout the process.

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

First Time Home Buyer

First Time Home Owners

When you're ready to buy, the first step is to contact one of our experienced Lenders.

Jim Anderson • 608-786-0600 • NMLS# 583761
Jodie Curtis • 608-786-6200 • NMLS# 479182
Chad Leis • 715-670-4090 • NMLS# 740802

*First Time Home Buyer program available to qualified borrowers. Qualified borrower(s) pay 1% down payment plus all closing costs. Offer valid for first-time home buyer(s) purchasing an owner-occupied primary residence only. Offer void to borrower(s) who have owned a home in the last three years. Escrow required. No Private Mortgage Insurance (PMI) required. Payment Example: A Mortgage Loan of $200,000 at 7.25% on a six-year balloon amortized over 30 years with an APR* of 7.329% *APR = Annual Percentage Rate. The monthly P&I payment for six years would be $1365.27, the final balloon payment would be $187,373.21. Taxes and insurance not included; your actual payment obligation with escrows included will be higher. Rates and terms subject to change. Manufactured homes do not qualify. Please contact one of our Lenders for complete details. Rate effective October 4, 2022 and is subject to change daily. Limited time offer.

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

Get Started

Contact our Mortgage Lender today to see what option will fit your needs. Loan approval is subject to credit approval and program guidelines.