Home mortgage loans
Whether you are shopping for your first home, a new home or refinancing an existing mortgage loan, Algonquin State Bank is ready to help with a variety of affordable mortgage options designed to fit your specific needs.
Residential Mortgage Loans for Purchase or refinance
For a home loan with affordable rates and terms, designed to meet your specific needs, put our experience and local knowledge to work for you.
New construction can be financed as a construction loan resulting in a traditional “end” loan.
Vacant Land Loans
Financing the purchase of a single-family home site doesn’t have to be complicated. Count on Algonquin State Bank for an affordable solution.
A bridge loan is a temporary loan designed to help during an interim time between the sale of one property and purchase of another.
Home Equity Financing
Depending on the amount of equity you have and your specific objectives, a home equity loan or line of credit may be your most convenient option.
Home Equity Loans
A fixed rate, fixed term home equity loan is a great way to finance a home improvement or consolidate other debts.
Home Equity Credit Lines
Once approved, accessing your line of credit is as easy as writing a check and interest is charged only on the funds you use.