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Auto Loans | Personal Loans |
Home Equity Loans |
Real Estate Loans
Construction Loans | CollEdge Loans
Auto Loans
- New auto loans up to 72 months
with rates competitive with dealer rates
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- Used
car loans on 2005 thru 2007 model years up to 60 months
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- Older
used car loans up to 48 months
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- Terms
to fit most any budget
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- Get
pre-approved for easy hassle free shopping
|
***CSB
Premier or CSB Premier Classic account holders receive a .50% rate discount
when the payment is automatically deducted from their CSB Premier
Account.
***CSB
customers with regular checking or savings accounts will receive a .25%
discount when the payment is automatically deducted from their account.
Rates and terms subject to change.
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Personal Loans
- Signature
and secured loans
|
- Loans
for debt consolidation, vacations and other family expenses
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- Terms
to fit most any budget
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- CSB
Premier or CSB Premier Classic account holders receive a .50% rate
discount when the payment will be automatically deducted from their
account.
|
- Current
CSB customers with regular checking or savings accounts receive a .25% rate
discount when the payment will be automatically deducted from their
account.
|
Rates and terms subject to change.
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Home Equity Loans
n
- Fixed
rates loans at very competitive rates.
|
- No
closing costs on most loans
|
n
- Proceeds
can be used for almost any purpose including home improvements, college
education, vacation expenses and debt consolidation
|
- Five,
Ten and Fifteen year terms available
|
Home Equity
Valuation Worksheet:
| Current
value of your home
[
]Tax Valuation [ ] Appraisal |
|
$ |
| Multiply
by 80% |
|
X .80 |
| Equals
credit value of home |
|
$ |
| Minus
First Mortgage Amount |
|
|
|
Second Mortgage Amount |
|
|
Estimated
amount of home equity loan you may
be eligible for: |
|
$ |
Required information: (needed to process the CSB
Home Equity Application)
[ ] Copy of Deed of Trust, Mortgage Policy & Survey
[ ] Copy of year end mortgage statement
[ ] Completed CSB Home Equity Loan application
[ ] Copy of County Appraisal district's property valuation or an
appraisal prepared by a certified appraiser reflecting the current
market value of your home.
[ ] Evidence of Homeowner's insurance and flood insurance
required.
Fee's - Castroville State Bank will pay all fees on Home Equity Loans except the following:
- All fees on loans less than $10,000.00 (not to exceed 3% of
loan amount)*
|
- Appraisal fees on loans over $75,000.00 (or if the customer requests an appraisal to increase amount of equity ),
(most loans can use the county tax appraisal.)
|
- The cost of a mortgage policy on loans in excess of $75,000.00. ( Mortgagee policy generally not required on loans under $75,000.00).
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Rates & Terms
| Loan
Amount |
Term |
Rate |
Fees |
| Under
$10,000.00 |
Up
to 5 Years ( 60 Mos.)
Up to 10 Years (120 Mos.)
Up to 15 Years (180 Mos.) |
Call
or e-mail CSB for our current Rates |
3%
of Loan Amt.*
3% of Loan Amt.*
3% of Loan Amt.* |
| $10,000.00
& over |
Up
to 5 Years ( 60 Mos.)
Up to 10 Years (120 Mos.)
Up to 15 Years (180 Mos.) |
Call
or e-mail CSB for our current rates |
None
None
None |
Note: State law requires a
waiting period of twelve days from date of application to closing and a
three day "right of rescission" period after closing. You can
receive your loan funds on the fourth day after closing.
Rates and terms subject to
change without notice.
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Real Estate Loans
n
- Adjustable
and fixed rates available
|
n
- Flexible
payment terms available
|
n
- Can
be used to purchase, refinance or improve your property
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- No
origination fees on permanent loan (over one year)
|
n
- Commercial
and Agricultural real estate loans also available
|
| n
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Residential Real Estate Loan Programs
Permanent Financing
ARM Loan; (Adjustable Rate Mortgage)
Term: Up to 240 months
Amount Financed: Up to Eighty-five(85) percent of the lesser of construction contract or appraised value of improvements.
Fees: No Commitment Fees or "Points" on permanent loan
No Escrow for taxes or insurance. Customer pays these direct and provides proof of payment and assignment of insurance.
Document preparation and legal fees
Title Insurance Policy
Title Company closing cost and other misc. costs
"As-built" survey of property
Property appraisal if needed
Flood zone designation
Rate: Call CSB for current loan rates on this product.
Frequency of Adjustment: Rate will be adjusted Annually on the anniversary date of the loan. This rate cannot increase or decrease more than 2% in any one year and cannot increase or decrease more than 5% over the life of the loan.
Adjustable rate example...
Floor Rate: 5.00%
Ceiling Rate: 5.00% above the rate when the loan was originated.
Example: Prime @ 8.25% - 1.50% = 6.75% rate.
Ceiling = 11.75% and Floor = 5.00%
FIVE YEAR VARIABLE RATE MORTGAGE:
Term: Up to 240-month amortization.
Amount Financed: Up to Eighty-five(85) percent of the lesser of construction cost or appraised value.
Fees: No Commitment Fees or "Points" on the permanent loan
No Escrow for taxes or insurance. Customer pays these direct and provides proof of payment and assignment of insurance.
Document preparation and legal fees
Title Insurance Policy
Title Company closing cost and other misc. costs
"As-built" survey of property
Property appraisal if needed
Flood zone designation
Rate: This is an adjustable rate loan. Call CSB for current loan rates on this product.
All rates and terms subject to change at any time
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Construction & Commercial Permanent
Real Estate Loan Program
Construction Loan:
Term: Six Months (Up to one year if needed)
Amount Financed: Up to Eighty (80) percent of the lesser of construction contract or appraised value of improvements.
| Fees: |
One-half percent origination fee
Document preparation and legal fees
Title Insurance Policy-construction binder
Title Company closing cost and other misc. costs
"As-built" survey of property if needed
Property appraisal if needed
Flood zone designation |
| Rate: |
Call the CSB construction
loan department for current rates. |
| Other: |
"Builders risk" insurance needs to be provided listing CSB as loss payee.
If property to be built on is homestead property a contractor of record will be needed.
A construction contract or breakdown of all building costs is needed. |
Permanent Financing:
Term: Five (5) Year with balloon (up to 240-month amortization)
Amount Financed: Up to Eighty (80) percent of the lesser of construction cost or appraised value.
Fees:
No Commitment Fees or "Points"
No Escrow for taxes or insurance. Customer pays these direct and provides proof of payment and assignment of insurance.
Document preparation and legal fees
Title Insurance Policy
Title Company closing cost and other misc. costs
"As-built" survey of property
Property appraisal if needed
Flood zone designation
Rate: Call the CSB loan department at 931-2201 for current rates and terms.
Rates and terms subject to change at any time.
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CollEdge Loans
Castroville State Bank is happy to be able to offer Texas Guaranteed Student Loans through the CollEdge Loan program. Please call or e-mail our office to get more information on the following loan programs:
- Federal
Stafford Loans - are available to undergraduate and graduate students
who meet certain eligibility requirements.
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- Federal
PLUS Loans - are available to natural or adoptive parents of dependent
children. The borrower must
meet certain eligibility requirements.
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Remember
Find out about all possible sources of financial aid before taking a loan.
Apply early to maximize your chances of receiving financial aid.
It is difficult to know what kind of aid you might be eligible for. Talk to the financial aid administrator at the school of your choice.
Student and parent loans are repayable forms of financial aid. When you get money through these programs, you will be in debt.
No one should borrow more money than is necessary to help meet school-related expenses.
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