Mortgage Loans

With Security State Bank, Buying a New Home Can be a Pleasant Experience

Buying a home can be daunting, but not with Security State Bank by your side. Start by taking our Home BuyAbility Test. It will help you find out how much home is right for you, so you can feel more comfortable when you apply for your mortgage loan with us.

Here are a few of the mortgage options:

Conventional Loans have a fixed rate and monthly payment for the entire life of the loan. It’s easy to budget for this type of loan because your principal and interest payment will always stay the same.

There are several other loan options available such as:

  • FHA
  • VA
  • Rural Development
  • Owner and non-owner occupied
  • Purchase/Refinance
  • Fixed and Adjustable
  • 3/1, 5/1, and 7/1 ARM (adjustable rate mortage)
  • Construction/Permanent
  • Home Equity Line of Credit

Come visit with our mortgage experts to determine what loan best fits your needs.

The rates provided are for illustrative purposes only. They are based on the Annual Percentage Rate (APR) indicated for principal and simple interest with a term of 30 years.

Is Refinancing Right For You? Generally it’s a good idea for you to consider refinancing whenever the interest rate for mortgage is more than one percentage point below your present mortgage rate or consolidating debt.

Apply Online today or for more details contact one of our mortgage loan experts.

Once you know approximately how much home is in your price range, use the guide below or our convenient Mortgage Loan Calculator to estimate your monthly payments based on the principal and interest. Closing costs are normally paid in a lump sum at the time you take out the loan. Other annual costs such as taxes, insurance and mortgage life insurance are also not included on the chart, but may be added to your monthly payments.

Monthly Mortgage Payment Guide

Mortgage Amount 4% APR 5% APR 6% APR 7% APR 8% APR
$ 60,000 $ 286 $ 322 $ 360 $ 399 $ 440
$ 80,000 $ 382 $ 429 $ 480 $ 532 $ 587
$ 100,000 $ 477 $ 537 $ 600 $ 665 $ 734
$ 120,000 $ 573 $ 644 $ 719 $ 798 $ 881
$ 140,000 $ 668 $ 751 $ 839 $ 931 $ 1,028
$ 160,000 $ 764 $ 859 $ 959 $ 1,064 $ 1,174
$ 180,000 $ 859 $ 966 $ 1,079 $ 1,198 $ 1,321
$ 200,000 $ 955 $ 1,074 $ 1,199 $ 1,331 $ 1,468

WHEN YOUR LOAN PAYMENT WILL BE CREDITED TO YOUR ACCOUNT

Mailed payments will be credited as of the date received, if the payment is received by 5:00 P.M. local time Monday through Friday, excluding Federal Holidays, at the following addresses: (1) Security State Bank Basin, PO Box 531, Basin, WY 82410; (2) Security State Bank Gillette, PO Box 489, Gillette WY 82717; (3) Security State Bank Worland, 320 North Tenth, Worland WY 82401, (4) Security State Bank Sheridan, 2070 Coffeen Ave, Sheridan WY 82801. Payments received by 5:00 P.M. Monday through Friday, excluding Federal Holidays, on our internet or phone banking systems will be posted that day. Payments that are made in person at the bank are posted the date received, if the payments are received by 5:00 P.M. local time. Payments received after 5:00 P.M. local time at the above addresses will be posted as of the next business day.

Mortage Loan Officers NMLS Numbers