Found the home of your dreams?
Herrin Security Bank has the experience and expertise to help make your dreams of a owning a new home come true. Whether you are looking for a new home, refinancing your first home, or want to use the equity in your current home to finance a vacation home or pay for your child's college education, Herrin Security Bank can provide a lending option that best fits your needs.
Types of Mortgages
Fixed Rate Mortgages
These loans have an interest rate that is fixed for the life of the loan and a monthly payment that stays the same month after month.
Adjustable Rate Mortgages (ARMs)
ARM Loans offer the opportunity to take advantage of a changing market. The interest rate on an ARM loan varies periodically as interest rate conditions change. Because the interest rate fluctuates, the initial rate on an ARM is typically lower than a fixed rate mortgage.
Loan options are also available to provide the funds needed to build your dream home.
Secondary Market Loans
This option offers a one lump sum monthly payment. Mortgage Insurance, Real Estate Taxes, and Principal payment can be wrapped up in one easy monthly payment.
Call one of our experienced loan specialists at: (618) 942-3151
Let us show you an excellent loan product that will fit your needs
Need a Second Mortgage?
Is there a major expense upcoming in your life - Maybe you are planning a major home improvement? Find peace of mind in having a lower monthly payment to suit your needs.