Financing Your Biggest Investment
With a Trusted Local Partner
Flexible Balloon Mortgage Loans
Keep your initial monthly obligations manageable while maintaining long-term financial flexibility. Clay County State Bank offers competitive, short-term fixed rates for up to 5 years, paired with highly flexible amortization schedules extending up to 25 years. This unique structure allows you to enjoy the lower monthly payments of a long-term loan during the initial years, giving you time to build equity, plan an investment strategy, or prepare for future refinancing as your financial situation evolves.
Mortgage Refinancing to Lower Your Payments
Put more money back into your household budget by optimizing your current mortgage structure. Depending on current market trends, refinancing could allow you to significantly lower your monthly payments, reduce your interest rate, or shorten the overall number of years it takes to pay off your home. Call Clay County State Bank today and ask to speak directly with our dedicated home lending team—Troy, Greg, or Randy—to see how much you could save by switching to a customized Clay County State Bank mortgage plan.
Construction Loans
Turn your ideal floor plan into a reality with a loan built to handle the complexities of the building process. With a Clay County State Bank construction loan, your funds are securely structured and made available exactly when your licensed contractor needs to draw them for materials and labor phases. Once construction is complete, we seamlessly transition your project to a permanent, predictable long-term mortgage based on your prior approval, saving you time and reducing extra closing friction.
The Power of Local Mortgage Servicing
Experience the peace of mind that comes from keeping your business close to home. While most corporate lenders instantly sell your mortgage servicing rights to anonymous third-party companies out of state, we proudly retain local servicing on our products. This means you will never have to deal with automated phone trees or out-of-town customer service agents. You will make your payments directly to us, and the exact same local team that approved your loan will be right here in the bank to answer any questions you ever have.
Application Checklist & Submission Guide
- Income Verification: Copies of your two most recent, consecutive paystubs showing year-to-date earnings.
- Tax History: Copies of your official W-2 forms from the last two consecutive years.
- External Assets: Copies of your last full month of bank statements for any accounts not held at Clay County State Bank.
- Self-Employment/Commission: If you are self-employed or receive substantial commission income, please provide your complete federal income tax returns including all forms, schedules, and attachments for the past two years.
- Residential Real Estate Mortgage Application - (PDF File, 1.10 MB) - Please print and complete.
- Residential Real Estate Additional Borrower - (PDF File, 397 KB) - Please print and complete.
- Residential Real Estate Borrower's Authorization - (454 KB) - Please print and complete.