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State Bank has generated over 8.6 million dollars in 100 percent
guaranteed loans, helping the Lincoln Rural Development office serve
local individuals and families as they achieve the dream of
homeownership. USDA provides products structured to assist families
in realizing their dreams, while also helping to strengthen local
communities.
The guaranteed loan offers a 100 percent loan, 30-year term, with
no required down payment, no private monthly mortgage insurance, no
limit on seller contributions, competitive fixed market interest
rates and no maximum purchase price (limited only to qualifying
ratios). USDA Rural Development loans are not only for first-time
homebuyers.
The guaranteed loan program is administered through local Rural
Development offices. Logan County is now served through the office
in Jacksonville, 217-243-1535.
USDA is an equal opportunity lender, provider and employer.
[Text from file received from Mike
Booher]
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