Loan Services

Residential Loans
Found the home you want to buy or just refinancing your home? Sometimes this can be a stressful process. But not at Advance Bank because we’re here to make it easy for you. We’ve got a patient, experienced, well-trained staff waiting to assist you. We value you as a customer and will give you the customer service that you deserve. We offer:

• First Time Homebuyers Loans with special provisions and financing to help customers move into their first home
• Fixed Rate Homebuyer Mortgage Loans for those families who prefer regular monthly payments over the term of the loan
• Mortgage Loans with Flexible Underwriting Criteria
• FHA Mortgage Loans
• Pre-approvals as a tool in your search for your new home
• Fast and easy loan closings

We’ll help you find the product that works best for you. Best of all, closings are fast and easy!

Home Equity Loans
Why not try a home equity loan today. When you borrow using a Home Equity Loan, you simply use the equity in your home to finance home improvements, to consolidate bills, to buy a new car or boat, or to help send your kids to college. It’s your equity, so use it to your advantage. With an Advance Bank home equity loan, you can:

• Borrow up to 90% of the equity in your home up to $100,000.00
• Have Flexible terms and payment plans
• Have a fast and easy closing

In many cases, the interest you pay on your home equity loan may be tax deductible* You may even qualify for a lower rate if you opt to have your payment deducted from your Advance Bank checking or savings account. It’s easier than you think. Come see us today about a home equity loan.

*Consult your tax advisor for eligibility and details on your particular situation.

Commercial Loans
If you a need a commercial loan to meet the growing needs of your business, we’re the Bank for you to talk to. We offer competitively priced products, both long term and short term for your business. Some of our financing options include:

• Lines of Credit to provide you with working capital or seasonal cash needs
• Term Loans for the purchase of equipment, machinery or to finance additional long term working capital needs
• Commercial Real Estate Loans to finance the purchase or renovation of an existing facility; acquisition/construction of a new facility or refinance of the outstanding commercial mortgage
• Small Business Administration (SBA) Loans are offered to provide a credit enhancement on certain loan transactions that may not meet standard underwriting criteria.

Contact an Advance Bank professional to assist you finding the program that fits your needs.

For Faith Based Organizations ………………………
Since 1957, we’ve partnered with Churches to make growth and prosperity a reality. At Advance Bank, we recognize that the Church is one of the most influential forces for economic development and positive change in our community. As such, we partner with Churches to help them reach their objectives. We provide a variety of banking services designed especially to meet Church needs:

• Loans - Advance Bank offers several loan products to meet the growing needs of the Church. Whether you are buying a new building, building a Church or community center with a construction loan, making renovations to your sanctuary, or refinancing existing debt, Advance Bank is ready to assist you. We’re very experienced in Church lending and understand your needs. We work tirelessly for you to get your transaction approved.
• Deposit Products - Churches have full access to our many deposit products including savings, checking, and certificate of deposits. At most of our branch locations, you can deposit your collections into our convenient night depository boxes. The deposit products, also to include IRA’s, are available to the members of your congregations as well. You’ll receive the very best in customer service.

At Advance Bank, we know the Church community and have a history of providing flexible products to meet specific needs. Just as you are, we are interested in the betterment of our communities and we delight in the opportunity to work with various Churches on a number of valuable community related projects. We’re Advance Bank, your trusted and experienced community partner.

Share Loans
Need some cash for a down payment on a car or house? Want to pay off your bills without disturbing your savings? A Share Loan is the solution for you. Here are just a few reasons why:

• Borrow up to 90% of your savings balance
• Flexible terms and payment plans
• Low interest rates and APR
• Quick and easy processing
• Automatic payment from your Advance Bank checking or statement savings account.

Call us today for more information about an Advance Bank Share Loan.

Consumer Loans
Advance Bank offers limited types of consumer loans to meet your personal and family needs. Contact one of our loan specialists today to talk about a Consumer Loan.