We offer two basic types of mortgage products: Mortgage Loans extended by our bank and Mortgage Loans originated by our bank as a broker. The following are some of the key points of each type loan product.
IN-BANK MORTGAGE LOANS
- $10,000.00 minimum amount
- Payments serviced by Tensas State Bank
- No Private Mortgage Insurance (PMI)
- No Escrow of Funds
Contact any branch today and ask for an IN-BANK MORTGAGE LOAN!
BROKERED MORTGAGE LOANS
- $25,000.00 minimum amount
- Flexible loan-to-value limits and equity requirements
- Approved by, sold to and serviced by a long term lender
- Various PMI Options including borrower-paid, lender-paid, and no PMI
- Escrow of Hazard Insurance Premiums, PMI, taxes, flood insurance premiums