Our Mason City State Street location is currently under construction.
During this time the lobby will be closed and the Drive-Up & ATM/ITM will remain open. For full banking services, please visit the Mason City West location at 2601 4th St SW Mason City, IA. Thank you for your patience!
Whether you’re buying your first home or building your retirement home, working with the right financial partner is crucial. With decades of combined expertise and in-depth knowledge of the local market, we’re more than equipped to help you.
Whether you're buying, building, remodeling, or refinancing your home, our experienced lenders are here to help you.
Apply online with a lender below. If you are unsure which lender to select, fill out the general application and we will assign a lender for you.
We offer free pre-approvals because knowing what you can afford is a great first step for buying or building a home.
We provide personal assistance to help you through the home loan process and answer any questions you may have.
We’d recommend getting pre-qualified first. Apply online here.
Contact a home loan expert.
Yes, applying for a mortgage loan before you find a home may be the best thing you could do! If you apply for your mortgage now, we'll issue an approval subject to you finding the perfect home. We'll issue a pre-approval letter online instantly. You can use the pre-approval letter to assure real estate brokers and sellers that you are a qualified buyer. Having a pre-approval for a mortgage may give more weight to any offer to purchase that you make.
When you find the perfect home, contact your loan officer to complete your application. You'll have an opportunity to lock in our great rates and fees then and we'll complete the processing of your request.
After your application is completed, a Loan Officer will contact you. Your Loan Officer is a mortgage expert and will provide help and guidance along the way. If your request wasn't approved online, they'll ask you for any information required to make a decision about your loan. You will then be sent an application package which contains papers for you to sign and a list of items we'll need to verify the information you provided about your finances during the online application.
We'll order the appraisal from a licensed appraiser who is familiar with home values in your area. Depending on your finances and the loan amount requested, different types of appraisals are used. Sometimes the appraiser will need to view the home; sometimes they are able to do their evaluation from the street.
The appraisal process typically takes 2-3 weeks to be completed. Our appraisals are completed through third party vendors, The wait time can vary depending on the timing of the year or the appraiser's workload.
The assessed value of a home is determined by your local government. The local government authority utilizes this value when determining property taxes.
The appraised value is completed by a qualified, licensed appraiser. The appraisal determines the fair market value of the property. The value is determined by using comparable sales similar to the home being purchased in the area, square footage, number of bedrooms and bathrooms, lot size, location, and condition to name a few. The lender is verifying the home is valued at the amount of the buyer's purchase price.
Title insurance will be necessary. If you are purchasing a home, we'll work with the real estate broker or seller to ensure the title work is ordered as soon as possible. If you are refinancing we'll take care of ordering the title work for you. We'll use the title insurance policy to confirm the legal status of your property and to prepare the closing documents.
After we receive your application package, the appraisal, and the title work, we'll contact you to schedule your loan closing. If you are purchasing a home, we'll also schedule the closing with the real estate broker and the seller. A few days before closing your Loan Officer will contact you to walk through the final information.
