Mortgage
Whether you’re about to build a new home, purchase your first home, or you’re a current homeowner looking to refinance, Omaha State Bank’s experienced lending team can help you find the loan that is right for you.
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I am building a new home.
New Home
Our experienced and knowledgeable lenders take pride in keeping up with the industry news and trends and can expertly guide you through the entire process. Omaha State Bank’s solid relationships with local premier builders and Realtors® allow us to orchestrate a crisp delivery of service from every angle.
Our construction lenders are known for their service and expertise. Our primary goal is to provide you with a smooth transition from application to closing, with a guaranteed attention to detail and professional service that is second to none. Best of all, your loan is processed and serviced locally, offering you the convenience and confidence you deserve.
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Bridge Loan
A bridge loan from Omaha State Bank uses the equity you have in your current home to help finance the building of or the purchase of your new home. Our experienced Mortgage Lenders can help make the transition from your current home to your new home a smooth and worry-free move.
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New Home Loan
We understand that your home financing needs change with the stages of life. Our experienced and knowledgeable loan officers aim to make your experience simple and enjoyable. We strive to make you feel at home before and after you are in your own.
We offer a variety of programs and services, including but not limited to:
Extended Locks
Customized Mortgages
Interest Only Options
Investment Properties
Jumbo Loans
FHA/VA Loans
The most common types of mortgage loans are:
Fixed-Rate Loan: A loan with an interest rate that remains constant throughout the life of the loan.
Adjustable Rate Loan: A loan with an interest rate that may change. The rate may go up or down based on the caps on the rate. The rate is tied to a margin and an index.
Balloon Loan: A fixed rate loan that is amortized over an extended period of time but comes due at the end of a shorter term. Some of these loans have an option to extend the loan at a new rate of interest at the end of the balloon.
FHA Loan: FHA loans are insured by the Federal Housing Administration. They have a lower down payment requirement and offer higher qualifying ratios.
VA Loan: VA loans are available to veterans, in-service military and certain other reservists. VA guarantees a percentage of the loan.
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Refinancing
We make refinancing quick and easy no matter what your goal is.
There are several reasons to refinance, including:
- Switching from an adjustable to a fixed rate loan (or vice versa)
- Lowering your monthly payments
- Getting cash out of your home equity
- Consolidating debts
- Consolidating a first and second mortgage
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Lot Loan
Omaha State Bank can provide financing for the land you need to purchase for a new home, even before you begin building. Because we’re a local lender, we’re in tune with the market and care about the community just as much as you do. Our experienced Mortgage Lenders can help you every step of the way, from securing a place for your new home to a detailed landscaping plan when it is finished.
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First Time Home Buyer
Buying your first home is one of the most exciting—and possibly stressful—times in your life. The experienced and knowledgeable Mortgage Lenders at Omaha State Bank can help ease your fears and make the process a smooth experience for you.
We have several mortgage loan programs that can be customized to meet your individual needs. The most common mortgage loan programs for first-time home buyers are:
VA Loan: VA loans are available to veterans, in-service military and certain other reservists. VA guarantees a percentage of the loan.
FHA Loan: FHA loans are insured by the Federal Housing Administration. The FHA loan has lower down payment requirements and offers higher qualifying ratios.
Conventional: Conventional loans are secured by government sponsored entities or GSEs such as Fannie Mae and Freddie Mac.
Other common loan programs are:
Fixed-Rate Loan: The interest rate remains constant throughout the life of the loan.
Adjustable Rate Loan: The interest rate may change. The rate may go up or down based on the caps on the rate; your rate is tied to a margin and an index.
Balloon Loan: A fixed rate loan that is amortized over an extended period of time but comes due at the end of a shorter term. Some loans have an option to extend the loan at a new interest rate at the end of the balloon.
We offer a variety of programs and services, including:
Extended Locks
Customized Mortgages
Interest Only Options
Investment Properties
Jumbo Loans
FHA/VA Loans
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