Secondary Market Real Estate Loans

Mortgage Partnership Finance with Federal Home Loan Bank of Chicago

• 30 Year Amortization – 30 Year Fixed Rate

• 20 Year Amortization – 20 Year Fixed Rate

• 15 Year Amortization – 15 Year Fixed Rate

Requires: Completed Residential Loan Application
Two years of signed income tax papers
Recent Paycheck Stub
Verification of Employment and Assets
Credit Report with Credit Scoring
Appraisal, Title Insurance, Flood Determination
No Income or Purchase Price Limits
Local underwriting and decision making
Loan is serviced by Citizens State Bank of Loyal

Bankers’ Bank Community Mortgages

• 30 Year Amortization – 30 Year Fixed Rate

• 20 Year Amortization – 20 Year Fixed Rate

• 15 Year Amortization – 15 Year Fixed Rate

Requires: Completed Residential Loan Application
Two years of signed income tax papers
Recent Paycheck Stub
Verification of Employment and Assets
Credit Report with Credit Scoring
Appraisal, Title Insurance, Flood Determination
No Income or Purchase Price Limits
If less than 20% down payment, customer is required to purchase Private
Mortgage Insurance (PMI)
Loan is assigned to Bankers’ Bank and payments made to whoever loan is
assigned to by Bankers’ Bank
Escrow required
Underwriting is done by Bankers’ Bank