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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.
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 - 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.
- 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.
- 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.
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