Whether you’re looking to purchase your first home, refinance an existing mortgage or build the home of your dreams, Mercer County State Bank is here to help. Our Mortgage Loan Officers can make the entire mortgage process – from selecting the right product, to completing the application, to closing – as simple as possible.

Unlike most lenders, your loan never leaves our office because we have in-house processing, underwriting and closing departments. Keeping all decision making and processing local allows us to provide the attention our customers deserve.

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Mercer County State Bank offers both fixed rate and adjustable rate mortgages for primary and secondary residences.

Fixed Rate Mortgages offer you peace of mind knowing that both your interest rate and monthly payments will remain unchanged throughout the term of your loan.

• Fixed interest rate for the term of the loan
• Terms available up to 30 years
• Available for Purchase, Refinance and Construction loans

Adjustable Rate Mortgages (ARMs) enable you to start out with a lower payment than a comparable fixed rate mortgage by keeping the initial rate fixed for the first 3 years of the loan.

• Variable interest rate after the initial fixed rate period
• Periodic adjustment caps in place to limit rate adjustments over the term of the loan
• Terms available up to 30 years
• Rate subject to change every 3 years
• Available on Purchase and Refinance loans

Purchase Mortgages:

Buying a home should be a pleasant experience. We’d like to help make it that way by taking the worry out of applying for a mortgage.  That’s why we invite you to take our Home Buyability Test.  It will help you find out how much home is right for you so you so you can feel more comfortable when you apply for your mortgage loan with us.

First Time Home Buyer Program

Your first home purchase is an exciting major life event. It takes time, energy, and money. To help make loan closing more affordable, some people use first time home buyer loans. Our program can assist you with your first time purchase. For additional information, please reach out to one of our Mortgage Loan Officers.

Refinance Mortgages – Is Refinancing Right for You?

Refinancing an existing mortgage provides the option to lower your monthly payment, shorten the term of your loan and consolidate debt. Generally, it’s a good idea for you to consider refinancing whenever the interest rate for mortgages exceeds two percentage points below your present mortgage. Apply Online today, or for more details, speak to one of our Mortgage Loan Officers.

Construction Mortgages

Maybe you need more room for a growing family, or maybe you need to create the perfect home that you’ve dreamed of. Regardless of your motivation, we’re here to help your plans, and dreams become a reality. Our local Mortgage Loan Officers have the experience and can help you find your way through the process of financing the construction of your house.

• Construction to permanent financing on all our construction loans with a one-time closing
• Fixed interest rate for the term of the loan
• Interest only payments during the construction period
• Options available to finance the purchase of the property and construction costs