Loans


AGRICULTURAL AND BUSINESS LINES OF CREDIT

LENDING DESIGNED BY FARMERS FOR FARMERS
THREE GENERATIONS OF FARM FAMILIES DO BUSINESS WITH COMMUNITY BANK

  • Experienced, local commercial lenders to assist you.
  • Competitive rates.
  • Quick, local decision-making with experienced Ag and Commercial Bankers.
  •  


Agriculture and Business Term Loans

AGRICULTURAL AND BUSINESS TERM LOANS

LOANS TO BUY THAT NEXT PIECE OF EQUIPMENT OR FARM GROUND

  • Experienced,  local commercial and ag bankers assist you.
  • Competitive fixed and variable rates
  • Quick local decision-making with experienced lenders.

 



SBA/FSA LOANS

  • SBA and FSA loans are available for a variety of needs including; start-ups, business acquisition, franchising, equipment, working capital, building/real estate, along with many other needs.
  • Experienced lenders assist you in obtaining long-term, fixed rate financing for major fixed assets, such as land and buildings, with loan-to-values as high as 90% of appraised value.
  • Competitive rates.
  • Quick, local decision-making and strong relationship with the SBA

    Click here to visit www.SBA.gov or www.FSA.gov



Loans & Mortgages

Consumer Loans

Financing available for:

  • » Automobiles
  • » Other personal items

Home Equity Loans

Consider this loan if you are:
  • » Remodeling or constructing an addition on your home
  • » Financing a major purchase like college tuition, automobiles or purchase of land
  • » Looking for additional tax deductions and have available equity (Check with your tax
  • consultant regarding the deductibility of the interest paid)


Home Equity Lines of Credit

Consider this loan if you are:
  • » Remodeling or constructing an addition on your home
  • » Financing a major purchase like college tuition, automobiles or purchase of land
  • » Looking for additional tax deductions and have available equity (Check with your tax consultant regarding the deductibility of the interest paid)
  • consultant regarding the deductibility of the interest paid)

  • Long term fixed rate financing available
  • Competitive rates for loan to values up to 89%
  • Quick, local decision-making
  • Please call for our current rates and our Home Equity Line of Credit Application.



Home Mortgage Loans

Community Bank Fixed Rate Loans

Consider this loan if you:

  • » Want security of knowing that your monthly payment will be the same over the life of the loan
  • » Plan on owning the home for a number of years
  • » Expect your income to remain steady over the life of the loan

 

  • Long term financing available
  • Originated, processed and closed by Community Bank
  • Following closing, loans are sold to a customer-service oriented mortgage company who then services the loan
  • 100% Financing available to qualifying borrowers (Mortgage Insurance required)
  • Taxes and insurance are normally escrowed and made part of the monthly payment
  • Please Call for our current rates

Community Bank Portfolio Loans

Consider this loan if you:

  • » Want the convenience of having a local lender initiate and service your mortgage loan
  • » Want a loan with lower closing costs and no origination fee
  • » Plan on owning the home only a few years
  • » Are able to budget and manage mortgage payments that may fluctuate with interest rate changes

 

  • Long Term Financing available
  • Interest rate changes are based on a financial index and are limited per change period as well as over the term of the loan.
  • Flexible terms and underwriting
  • Escrow of insurance and taxes are not required
  • Quick, local decision-making
  • Please call for our current rates and for our Residential Real Estate Application


Student Loans

Community Bank has partnered with Iowa Student Loan to offer two supplemental private student loan programs*.

 

  • The Partnership Advance Education Loan (Partnership Loan) can help you pay for college while you’re in school.
  • The Reset Refinance Loan (Reset Loan) can help you simplify repayment or pay lower interest for existing student loans after you finish college.

 

The Partnership Loan:

  • Provides terms and conditions upfront, so you know what you’re getting before you apply.
  • Features variable and fixed interest rates.
  • Lets you begin making principal and interest, make interest-only payments or defer payments while you attend school.
  • Offers benefits such as an interest rate reduction and cosigner release.

 

Learn More and Apply

 

The Reset Loan lets you refinance or combine existing student loans into one new loan. This may help you if you have student loans with higher interest rates or are making payments to a number of different servicers.

The Reset Loan features:

  • Competitive fixed interest rates.
  • Three different repayment terms.
  • An interest rate reduction benefit.

 

Learn More and Apply

 

Tools and Tips to Help Minimize Borrowing

Take advantage of Iowa Student Loan’s smart borrowing resources.

  • Student Loan Game Plan helps you learn how you can reduce the amount you may need to borrow for college.
  • Return on College Investment lets you explore jobs and earnings for graduates of specific majors.
  • College Funding Forecaster allows you to estimate college costs for four years based on your freshman financial aid award letter.
  • Student Loan Coach, Iowa Student Loan’s blog, provides tips on how to prepare, plan
  • for and finance college.

 

Tips

  • Complete the FAFSA first. The first step in applying for financial aid, which includes federal student loans, is completing the Free Application for Federal Student Aid (FAFSA).
  • Work with our college financial aid office to explore and exhaust all sources of student financial aid before seeking a private student loan.

 

About Iowa Student Loan
Iowa Student Loan was established in 1979 as a private, nonprofit corporation, and its mission is to help Iowa students and families obtain the resources necessary to succeed in postsecondary education.

 

*Community Bank is compensated by Iowa Student Loan for the referral of Partnership and Reset Loan customers.