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 Driverís 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 Driverís 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
KEVIN DAVID LOWE 768373
RICHARD ANTHONY LARA SR 854071
KARISSA LEA RICHMOND 856701
DANIELLE DEAN BUSTRAAN 857997
JODIE ANN HEATH 854243
CHRISTOPHER LYON TUCKER 854291