Real Estate

Residential Real Estate Financing

Make your real estate financing a pleasing experience with our courteous and professional staff. Maybe you are moving into your first home, upgrading to a larger home, buying a vacation getaway, purchasing vacant land or a lot to build on, refinancing or remodeling what you currently have. Whatever your plans, the goal of our staff is to work with you and provide just the right programs and power to make your real estate experience fast and hassle-free.

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Use the options below to get started or find the lender nearest you and let's really get you moving!

• Conventional Loan Program
  Conforming, Non-conforming and Jumbo loans
• Government Loan Program
  Federal Housing Administration (FHA), VA and Rural Development loans
• Portfolio Loan Program
  Construction, Bridge, Vacation, Second Home, Mobile Home, Home Equity Line of Credit, Second Mortgage, Vacant Land, Commercial and Agricultural loans
• Special Loan Program
  First-Time Homebuyer, Home$tart, Neighborhood Housing Services, Reverse Mortgages and Section 184 loans

Checklist for All Loan Applications:

• Buy/Sell Agreement
• 2 Years Federal Income Tax Return with W-2 forms
• Pay Stubs (30 days with YTD)
• Bank Statements covering 2 month period (any other statements related to funds being used for down payment)
• Proof of any other sources of income

Additional for Self-employed or Commissioned Applicants:

• 2 Years Business Federal Income Tax Returns
• YTD Profit & Loss Financial Statement

Movers Guide

Stockman Bank Locations
Locally owned and operated with 21 full-service locations, and over 50 ATMs throughout eastern, central and northcentral Montana.

Conventional Loans

Conventional loans are designed to serve the needs of both homebuyers and those who would like to refinance or remodel their existing home.  Borrowers interested in conventional programs would be seeking to reduce closing costs by eliminating guarantee fees that may be associated with government-backed programs.

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Conventional Loan Programs Include:

• Conforming conventional loans are for borrowers who meet the guidelines, loan limits and parameters set by Federal Home Loan Mortgage Corporation (Freddie Mac) and Federal National Mortgage Association (Fannie Mae). There is no maximum income limit. Conventional loans are typically not assumable.
• Non-conforming conventional loans provide opportunities for financing where income, credit, collateral or other underwriting guidelines expand beyond the parameters of Freddie Mac or Fannie Mae.
• Jumbo loans are for borrowers financing homes that exceed the upper loan limits set by Fannie Mae and Freddie Mac. Jumbo loan financing opens the possibility of obtaining long term fixed rates on home loans for loan amounts that exceed the conforming Fannie Mae or Freddie Mac limits

Financing Options

• Fixed rates
• Variable rates
• Terms up to 30 years
• Balloon payment loans
• Primary residence or investment property
• Purchase or refinance

 Financial Calculators - How much house can I afford? Is refinancing my home a good idea?

Government Loans

Government Loans are guaranteed by a federal or state agency, such as Federal Housing Administration (FHA), Veteran's Administration (VA) and Rural Development (RD). Government loans are designed to enhance homeownership affordability by allowing minimal down payments and less stringent approval guidelines

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Government Loan Programs Include:

• Federal Housing Administration loans are available to all borrowers who qualify based on guidelines, loan limits and parameters set by FHA. There is no maximum income limit set by FHA. FHA loans are assumable by prospective buyers whose credit is approved based on the same guidelines as the original borrower.
  
• VA loans are available to veterans who served in active duty and received a Certificate of Eligibility from the military service. Veteran's Administration sets the guidelines, loan limits and parameters for qualification purposes. VA loans are assumable based on VA requirements.
  
• RD loans guaranteed by Rural Development provide attractive financing for low to moderate income borrowers based on income limits set for each county. RD loans are assumable for borrower's who meet the income limits and other parameters of the RD program.

Financing Options

• Fixed rates
• Terms up to 30 years
• Primary residence
• Purchase or refinance (FHA and VA)

 Financial Calculators - What are my payments for a fixed rate home?

Portfolio Loans

Portfolio loans provide the flexibility to finance properties based on terms that may not meet the guidelines or requirements of government agencies or standard conventional loan programs. The portfolio program provides the customer with the opportunity to obtain financing through Stockman Bank in situations other institutions may not be able to consider.

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Portfolio Loan Programs Include:

• Construction Loans - Designed to assist in building new homes or commercial buildings, this program provides multiple advance loans where you only accrue interest on the amount advanced. With flexible fixed or variable rate terms up to 12 months, borrowers can spend less time concerned about financing and more time developing their dream home.
• Bridge Loans (Temporary Financing) - When the dream home becomes available and you are hindered by the fact that you need to sell your existing home, Stockman Bank has the ability to provide creative temporary financing to grasp those dreams before they slip away.
• Vacation/Second Homes - Conventional programs may allow financing for that vacation home you have been eyeing but all your equity is tied up in your primary residence. We can solve your concerns with creative financing terms using the equity in your home without the need of two separate loans and closing costs.
• Mobile Home Loans - Mobile homes create challenges when attempting to meet the secondary market requirements. Stockman Bank can assist with the financing of the mobile home whether it is permanently attached to the land or on blocks and pillars.
• Home Equity Line of Credit (HELOC) - When an opportunity arises or an unexpected expense hits the pocket book, a revolving line of credit is the perfect choice to take care of the surprise without putting a strain on the savings. Secured by the equity in the borrower's home, interest only accrues on the amount advanced, saving unnecessary interest expense until funds are needed. Click here to learn more about Home Equity Lines of Credit.
• Second Mortgages - Sometimes it doesn't make sense to refinance the total debt on your home. However, borrowers still want the capability of using the equity that has accumulated on their home. When a revolving line is not needed, Stockman Bank can help gain access through second liens on property with favorable terms that make it affordable to make the second payment while maintaining the original terms of the first lien.
• Vacant Land - An occasion may arise when land becomes available for future development. Stockman Bank has funds available to help finance those opportunities to assist in developing subdivisions and expanding communities.
• Commercial - Borrowers are not limited to residential financing at Stockman Bank. Businesses seeking a home for their business venture do not have to look far for financing on commercial buildings and real estate. Click here to learn more about Commercial Real Estate loans .
• Agricultural - Financing land for a farming or ranching operation is within reach through long-term financing options with Stockman Bank. Our commitment to Agriculture opens the door for new ventures and solidifies the future of established operations. Click here to learn more about Agricultural Real Estate loans.

 Financial Calculators - What effect do rates and down payments make?

Special Programs

Special Loan Programs meet the unique needs of borrowers who find themselves in situations where normal loan programs may not be beneficial. Special programs are offered by Stockman Bank in partnership with other agencies.

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Special Loan Programs Include:

• First-Time Homebuyer Loans - Stockman Bank participates in first time homebuyer programs provided through the Montana Board of Housing (MBOH). Borrowers who meet the income eligibility requirements and who have not owned a previous home may obtain a government guaranteed loan at interest rates typically below the standard programs.
  
• Home$tart - A program provided in conjunction with Federal Home Loan Bank of Seattle (FHLB), the Home$tart program provides down payment assistance to low and moderate income first time homebuyers. Borrowers must complete a homebuyer education class and establish a savings account for at least six months to set aside funds towards closing costs. After meeting the criteria of the program, the FHLB will provide a matching grant of $2.00 for every $1.00 the borrower has saved up to a total grant of $5,000. Funds are available on a limited basis.
  
• Neighborhood Housing Services - Montana Board of Housing has teamed up with Neighborhood Housing Services (NHS) to help provide down payment assistance. Qualified borrowers may be able to obtain second mortgage up to $5,000 for down payment and closing costs provided through the NHS/MBOH partnership payable over a 30-year period along with the first mortgage through Stockman Bank.
  
• Reverse Mortgages - This program assists senior citizens by providing a source of funds through the equity in their home that may be beneficial to cover their living expenses. Borrowers must fall within maximum income limits. Funds can be provided in a lump sum at closing or advanced on a monthly basis. Age and income limits may vary based on guidelines of secondary markets.
  
• Section 184 - A government backed loan program, Section 184 loans provide housing financing to all enrolled members of a federally recognized tribe to purchase or refinance a property anywhere in the State of Montana, on or off the reservation.

 Financial Calculators  - Should I buy or rent my home? How much house can I qualify for?

Personal Checking Accounts
Our Premier, Investment, Elite 50 and Free Checking accounts are designed to meet every checking account need.

Personal Savings Accounts
Our Stockman Investment Fund, Money Market Fund and savings plans are designed to help you achieve your financial goals.

Personal Loans
With local decisions and quick turnaround, our application process is simple and offers numerous financing plans to fit your needs.

Certificates of Deposit
Variable Rate CDs, traditional Term CDs and our popular Flex CDs offer competitive rates and a variety of short and long term options.

Stockman Bank Locations
Locally owned and operated with 21 full-service locations, and over 50 ATMs throughout eastern, central and northcentral Montana.

Commercial Real Estate Financing

Agricultural Real Estate Financing