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Loans & Credit
Home Loans
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There is “no place like home,” regardless of whether it is your first home, your dream home, lake place or farm home. Freeport State Bank can help make it happen with mortgage products that meet your specific needs. Also, look to us when you find that perfect location for a new home or business, a prime piece of hunting land, or a future development site.
Talk to one of our Home Loan professionals to find the best loan for you.
Our Mortgage Loan Products Include:
- Conventional Mortgages – Fixed rate and adjustable rate mortgages.
- FHA Loans.
- VA Loans – Veterans, national guard, and reservists have access to VA loans with local approval and in most cases, no down payment.
- Vacation and Second Home Loans – Balance the enjoyment of a getaway home and the financial investment.
- Bridge Loans – An “in-between” loan that allows a buyer to make a down payment on a new home before his or her current home is sold.
- Home Equity Loans.
- Rural Development Loans.
- Construction and Lot Loans.
- Investment Property Loans.
- MN Housing Fix Up Fund Loans.
Home Equity
Take advantage of the equity you’ve built up in your home to improve other areas of your life! Whether it’s for home improvement, your kids’ education or for that vacation you’ve always wanted, a home equity loan from Freeport State Bank can be a valuable tool in helping you and your finances. Below are just a few ideas of what you can use the equity in your home for:
- Debt Consolidation
- Home Improvements
- Post-Secondary Education
- Recreational Purchases
Call or stop in at our Freeport, Melrose or Greenwald location today to inquire about a home equity loan today.
Fixed Rate Home Equity Loans:
A Fixed Rate Home Equity loan is the ideal way to borrow when a steady monthly payment works best for you. It can be used for major purchases, such as a car, boat, second home or bill consolidation. There is no prepayment penalty, and interest may even be tax deductible!*
Home Equity Line of Credit:
Establishing a Home Equity Line of Credit is like having the money right in your checking account. It is available to you whenever and for whatever you may need—from home improvement to education, or even your dream vacation. Not only is it a convenient way to fund ongoing expenses, it can also be more cost-effective than other types of loans and may offer tax advantages.*
*Consult a tax advisor regarding the deductibility of interest.
Consumer Loan
Need a loan for a car, household item, a family vacation or just to clear up a few bills? One of our loan specialists will be happy to give you more details.
VISA® Credit Card
A Freeport State Bank VISA® Credit Card provides financial flexibility and convenience with personalized service, worldwide acceptance, no annual fee and 12.75% APR.
Ag Lending. We know it. We live it. Our professional Ag Lenders have served farmers’ needs in the Freeport area for more than a century. We are committed to the agriculture community and we continue to provide services to a variety of enterprises–from small family farms to large farming operations.
Our knowledgeable loan officers can assist in many types of agricultural lending including, but not limited to, livestock enterprises, dairy, traditional field crops, and organic farming. They can provide you assistance with financial analysis and offer loan options tailored to meet your individual needs.
Freeport State Bank is an eligible FSA Lender and offers FSA guaranteed farm ownership and operating loans.
See us for expansions, facility upgrades, livestock acquisition, equipment purchases, and FSA loans. It’s our promise to work as hard as you do.
At Freeport State Bank, we provide comprehensive banking solutions that help make the job of managing your business finances easier. Our experienced business bankers have a unique understanding of local industries, issues, and markets. We pride ourselves on offering outstanding personal service that puts you at the center of everything we do.
Because we believe in investing in our community, we make loans to both large and small businesses for inventory, expansion or real estate. We’re also glad to offer SBA loan programs including: SBA 7(a) – SBA’s guarantee program for business loans, along with SBA Express and SBA Small & Rural Advantage loans.
Specialty Financing
We also offer municipal financing to secure funds for improvements of domestic agencies including states, counties, cities, towns, schools and special purpose districts or agencies.
- Certificate of Indebtedness.
- Municipal Bonds.
OUR LOCATIONS
FREEPORT
111 Main Street East
P.O Box 187
Freeport, MN 56331
320-836-2126
800-252-9856
320-836-2175 fax
CLICK for MAP
NEW MUNICH
Branch
601 Main Street
P.O Box 73
New Munich, MN 56356
320-256-7342
320-837-5297
320-837-5450 fax
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MELROSE
Branch
219 East Main Street
P.O Box 232
Melrose, MN 56352
320-256-7208
800-337-0292
320-256-7012 fax
CLICK for MAP
GREENWALD
Branch
450 1st Avenue North
P.O Box 66
Greenwald, MN 56335
320-987-2265
800-337-0292
320-987-2266 fax
CLICK for MAP