100% Financing
The perfect fit for the first time home buyer or those wishing to conserve their capital. This is often referred to as an 80/20 which, essentially, is a first and second mortgage. Usually the only out of pocket expenses are the closing/settlement costs.
Fixed Rate Loans
The interest rate is constant throughout the life of the loan
Adjustable Rate Loans
The interest rate fluctuates according to a specific index connected to the note rate.
- Rate change occurs annually.
- Terms available from one (1) to twenty (20) years.
No Documentation or Reduced Documentation Home Loan
Credit based financing for those who wish to limit the amount of information given for loan approval.
Interest Only
Adjustable rate interest payments made monthly, keeping the payment amount lower, prior to the principal payment becoming due.
Land Loans
Available for the purchase of land to build upon or to hold for investment purposes.
Home Equity Loans/Lines of Credit
Unleash the equity in your home for your own use
- Five (5) year terms
- Payments of interest + only 1% of outstanding balance
This is for informational purposes and does not constitute loan approval. Approval is subject to satisfactory underwriting review by Gulf State Community Bank or its assigns.
Member FDIC | Equal Housing Lender