Mortgages & Loans
The Mortgage Loan Department at First Security Bank is staffed with highly trained professionals. Our line of mortgage loans is diverse and specifically designed to meet the needs of people in the areas we serve. As regulations, interest rates, and home costs continue to change, First Security Bank will change with them to ensure we offer the best and most competitive loans possible.
We know that quick loan decisions are critical when buying a home or refinancing your existing home. That's why we excel at helping people overcome obstacles that emerge.
If you are in the market for a bank loan or a mortgage loan, please give us a call today at 662-563-9311. We'll show you just how rewarding partnering with the right bank can be.
Our Mortgage Loan Originator's and their NMLS (National Mortgage Licensing System & Registry) ID Numbers are as follows:
First Security Bank: #527707
Kevin Hudson Bland: #744765
Barbara J. Bonnell: #546279
Jason M Bowlan: #654303
Christopher B (Chris) Champion: #654304
Jimmie Allen Courson, Jr: #733085
Tammy Fuller Cupp: #654305
Reid P (Pat) Dorr Jr: #654307
Byron A Earnheart: #688900
Calvin E Flint III: #507837
Edgar H (Harlin) Fox Jr: #654310
Robert Andrew Funderburk: #1423296
Woodley C (Trip) Hawkins III: #654313
Jeffrey K Herron: #744767
Justin Daniel Hill: #654314
John Dickerson Land: #654315
Lisa Ruth Laughter: #993559
David Newton LaVergne: #1523175
Matthew Ryan McCraw: #695904
Miles Russell Mitchell: #654316
David Purser Moore: #654317
Dwayne Kirk Myers: #744766
Mary Susan Neal: #1230102
Bettye Gail O’Neal: #1161039
Jason Edward Pressgrove: #654319
Ernest Wayne (John) Rodgers: #654320
William Earl (Roe) Ross Jr: #654322
John E. Ruth III: #498457
Ann H Shankle: #654323
Kerry L Temple: #654325
Ellen Alane Westfaul: #654309
Sherry M Williams: #654326
Types of Mortgages
A Fixed Rate Mortgage is the most common type of mortgage. With a fixed rate, your monthly mortgage payment will never change. While taxes and insurance may go up or down, the principal and interest portion of your payment will not. First Security Bank offers many time periods for mortgage loans which include 10 year, 15 year, 20 year and 30 year periods.
ARM (ADJUSTABLE RATE MORTGAGE)
An Adjustable Rate Mortgage is a loan with mortgage payments that change, based on interest rates and a pre-determined list of other items. ARMs start with a monthly payment that is lower than one would be for a Fixed Rate Mortgage. However, it is only for a pre-determined period of time. When the time period expires, usually one to five years, the rate changes. If interest rates remain steady or go down significantly, an ARM over an extended period of time could be less expensive than a Fixed Rate Mortgage but on the other hand, it could be much more expensive.
At First Security Bank, we go over a series of questions for customers who are considering an Adjustable Rate Mortgage. These questions primarily deal with the stability and sufficiency of one's income, current debt and expenses, and the number of years you plan to be in the home.
Call or visit First Security Bank today, and see whether an Adjustable Rate Mortgage or another loan would work best for you.
A balloon mortgage features a fixed-rate of interest for a specified period of time, typically 3 years. At the end of the fixed rate peiod, the customer has the following options: pay off the remaining balance, refinance the loan for an additional time period, or convert to another type of loan.
Balloon mortgages are best suited for borrowers who are either planning to sell or refinance their home or property after a specific period of time. Call or visit First Security Bank today. Let us help you determine whether a balloon mortgage or another loan is best for you.
USDA LOAN - RURAL DEVELOPMENT LOAN
At First Security Bank, we feel that Rural Development Loans offer the most flexibility for homebuyers who live in rural areas. Among the primary benefits are small to no down payments, low rates and several other features that are not common with traditional loans.
There are, however, certain qualifications that must be met before First Security Bank and other lenders can consider offering a Rural Development Loan as an option.
At First Security Bank we look forward to the opportunity to help you qualify for a Rural Development Loan, or one that may be better suited for you.
Types of Loans
Helping people reach their financial goals through credit is First Security Bank's business. We take pride in our loan department staff and the service we provide. Our lending personnel are trained to advise and assist you in securing the type of loan that suits your particular need. We offer you a convenient plan to borrow money which includes prompt service, confidential treatment and repayment terms to fit your budget. If you add a sincere willingness to discuss your particular financial need, you will understand why so many people come to our bank for loans.
- Secure Line Home Equity Line of Credit
- Mortgage Loans
- Commercial Loans
- Personal Loans
- Auto Loans
- Home Improvement Loans
- Agriculture Loans