Security State Bank

Loans

Consumer Loans- Please bring following information with you when applying for a consumer loan; Proof of Income (Tax Return, Last 2 Paystubs, Personal Financial Statement), evidence of insurance (if applicable), if you are not a current customer we also require that you provide a copy of Driver's License (or other State Issued photo ID), and Social Security Card. We also require that you complete a new application for each loan.

Consumer Installment Loans:

Automobiles- Purchase or Refinance, Down payment and interest rate based upon credit worthiness. Terms may vary (depending upon vehicle purchased).
Appliances- Purchase only, down payment required.
Household Needs- Down payment and interest rate based upon credit worthiness.
Education Costs- Down payment and interest rate based upon credit worthiness.
Medical Bills- Down payment and interest rate based upon credit worthiness.
Debt Consolidation- Down payment and interest rate based upon credit worthiness.

Agriculture Loans:

We make loans for Operating Expenses, Machinery Purchase/Refinance, Crop Production, Cattle Production (Cow/Calf, Feeders), Warehouse Receipts. Terms and Conditions based upon credit worthiness.

Business/Commercial Loans:

We make loans for Operating Expenses, Machinery/Equipment purchases, and Inventory. Terms and Conditions based upon credit worthiness.

Real Estate Loans:

These loans are not originated to be sold to outside investors, we keep your loan at SSB and you make your monthly payments to us.

Real Estate Loan Requirements- The following information is needed when applying for a Real Estate loan; Proof of Income (Tax Return or Last 2 Paystubs), evidence of insurance (if applicable), if you are not a current customer we also require that you provide a copy of Driver's License (or other photo ID), Social Security Card.

1st Mortgage Loans- Purchase: We require a down payment, based upon the lesser of the purchase price or appraised value.
  Refinance: We require 20% equity based upon a current appraisal (not County Assessment). The term and rate are based upon credit worthiness.
2nd Mortgage Loans- We require 20% equity based upon a current appraisal (not County Assessment). The term and rate are based upon credit worthiness.

Real Estate Loans (FHA, VA, RHS, Freddie Mac, Fannie Mae, other Secondary Market Loans):

The following are the requirements to obtain a mortgage loan that will be sold upon origination. These products are for people who do not have a large down payment.

ALL LOAN APPLICATIONS

IF YOU ARE APPLYING FOR AN FHA LOAN

IF YOU ARE APPLYING FOR A VA LOAN

SELF-EMPLOYED, COMMISSION INCOME, UNREIMBURSED BUSINESS EXPENSE OR CORPORATE OWNERSHIP

IF YOU HAVE BEEN DIVORCED

IF YOU HAVE DECLARED BANKRUPTCY IN THE LAST 7 YEARS

MISCELLANEOUS ITEMS

NMLS (Nationwide Mortgage Licensing System) NUMBERS

SECURITY STATE BANK 451629
JON SAMUEL OTT 525774
DANIELLE DEAN BUSTRAAN 857997
JODIE ANN HEATH 854243
ED SUTTON 1221478