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 are here to make it easy for you. We have 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
• Adjustable rate mortgages for those who prefer payment flexibility
• FHA Mortgage Loans
• VA Loans
• Pre-approvals as a tool in your search for your new home
• Fast and easy loan closings

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.

Loans on Savings Accounts
Need some cash for a down payment on a car or house? Want to pay off your bills without disturbing your savings? A Loan on your Savings Account 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.