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

We work with Iowa Student Loan to offer supplemental private loans to help you pay for college as well as refinance existing student loan debt. As an Iowa non-profit and the state’s student loan experts, Iowa Student Loan offers competitively priced loans.*

 

The Partnership Advance Education Loan (Partnership Loan) and College Family Loan were created to help you pay college costs while you are or your student is in school.

 

  • The Partnership Loan is for students and their cosigners.
  • The College Family Loan is for parents, family members and others who wish to borrow on behalf of a student.

 

The Reset Refinance Loan can help you simplify repayment or pay lower interest costs on existing student loans after college.


With these loans, you know what you’re getting before you apply as all terms and conditions, including credit score requirements for specific rates, are provided upfront. In addition, there are no upfront origination fees and you can earn an interest rate reduction for making payments by auto-debit in repayment. Note These loans are subject to credit approval.


Learn More and Apply Now

 

TOOLS AND TIPS TO HELP MINIMIZE BORROWING
Take advantage of these smart borrowing resources while planning for college and before applying for student loans. These free resources include online tools to help students and families:

 

  • Avoid over borrowing.
  • Explore jobs and potential earnings for graduates of specific majors.
  • Estimate total college costs for four years of undergraduate students.


Before applying for a private loan, be sure to complete the FAFSA, or Free Application for Federal Student Aid, first. You should also 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 student loan customers.