Personal and Residential Lending Products
NMLS ID: 665276
Just as there is a home to suit every buyer, there is a mortgage to suit every new home. Whether this is your first home or the next of many, The Gifford State Bank can make the financing process easy and affordable for you with our competitive pricing. We are proud to share with you that many of our home mortgage loans are serviced locally at The Gifford State Bank.
Fixed Rate Mortgage
Prefer a steady, predictable payment schedule? Then a fixed rate mortgage loan is right for you. Fixed Rate Mortgage features:
- Principal and interest payments do not change over the life of the loan
- Loan terms are variable to meet your needs
Consider a fixed rate loan if you:
- Plan to be in your home for a long period of time
- Expect interest rates to fluctuate while you are in your home
- Live on a fixed income
- Want to feel secure about your monthly payment responsibilities
A construction loan is a mortgage that funds the construction of a new home. The funds are withdrawn over time based on how much of the home is completed. The loan is closed for the total loan amount.
This loan offers a fixed monthly payment, a fixed term for the loan, and you receive the entire loan amount up-front. This loan is considered a second mortgage on your home. There are many ways to use the money invested in your home. They might be to pay off high-interest credit card debt, pay for home improvements, finance education costs, vacation, finance an adoption or to purchase large-ticket items such as an automobile or furniture.
A consolidation loan takes your high interest rate loans and bundles them into one loan with a lower interest rate. This loan is secured or unsecured depending upon qualifications.
You can receive a 0.25% discount on our already low installment loan rates when you sign up for GSB auto pay.
We finance the following types of loans.
- New and Used Vehicle Loans
- New and Used Recreational Vehicles
- New and Used Motorcycle Loans