LOANS
Goodfield State
Bank offers a full range of financing options. Choose a
loan program that fits your needs. Whether you are
borrowing a small percentage of the investment’s value,
100% of the value, or need down payment assistance,
Goodfield State Bank has a program suited for you.
Flexible payment options are also available through coupon
books, online bill pay and automatic account transfer
options. To schedule an appointment for a
pre-qualification or pre-approval, simply give us a call
at 309-965-2221 (Goodfield) or 309-467-2747 (Eureka).
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Fixed Rate Loans
Monthly payments remain unchanged for the life of the
loan. Available in terms up to 40 years.
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Adjustable Rate Loans
May offer a lower rate for the first portion of the loan
term. Can be a great option if you plan to sell or move
within 3 to 5 years.
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Balloon Loans
Provides flexibility in loan terms and conditions. Great
for construction and rehabilitatioin, or financing of
investment property.
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Down Payment Plus Program
Provides grants of up to $5000 for down payment assistance
to qualified home buyers.
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Guaranteed Rural Housing Program
Available to those living in rural areas specified within
the program, this financing option allows 100% LTV, the
ability to finance closing costs, and does not require PMI.
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Construction Loans
Building a new home, remodeling, or adding an addition to
your home? Goodfield State Bank offers construction loans
for both small and large projects. |
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Bridge Loans
Enables you to use the equity in your current home as a
“bridge” between two home loans, allowing you to buy your
new home before you’ve sold your current home.
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Home Equity Loans
Equity loans allow you to use the equity in your home to
help you satisfy other financial needs. These loans can
also be used to assist you in making the down payment on
your new home.
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Car Loans
Offer competitive rates on new and used vehicles.
Customers can obtain a ¼ percent discount for automatic
payment from a checking account.
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Personal Loans
Unsecured loans available to qualified loan applicants.
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Debt Consolidation
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Agricultural Loans
Farm operating loans available at a low fixed rate.
Provide available financing for equipment.
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Small Business Loans
Provide equipment financing and working capital lines of
credit to small businesses. SBA Loans are available to
qualified applicants.
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*Please contact Goodfield State Bank for rate information. |
