A home equity loan or line of credit may be right for you. If you are considering home improvements or upgrading your appliances, put the equity in your home to work. Loans and lines of credit have various benefits, you can select which one best meets your financial needs.
| Terms | Home Equity Loans | Home Equity Prime Lines |
| Benefits/Uses | Used for specific, immediate expenses such as home improvement, auto purchase, debt consolidation, vacation – you decide. | Ongoing source of credit to be used when and where you need it for home improvement, auto purchase, vacation, debt consolidation – you decide. Can be reused as balances are paid down. |
| Rates | Rates are fixed for the length of the loan. | Rate variable monthly based on NYP* |
| Terms | Up to 10 years | 10 Years |
| Minimum amount you can borrow | $2,000 | $5,000 |
| Maximum Loan Amount*** | Up to 90% | Up to 90% |
| Payment Options | Fixed monthly payments for length of the loan | 1% Active Principal Balance |
*NYP = New York Prime as published in the Wall Street Journal
**Making only minimum payments may result in a balloon payment of the outstanding principal balance at maturity.
***Loan to value includes all loans on the collateral, value is determined by CSB.
Please note: Community State Bank originates loans in the following counties in Iowa – Polk, Dallas, Boone, Story, Jasper, Marion, Warren, and Madison. If you reside outside of these counties, please contact Community State Bank at 515-331-3100 and ask to speak with a loan officer. You may also email Loanoperations@bankcsb.com with your inquiry.
NMLS
All CSB loan consultants and officers are registered on the Nationwide Mortgage Licensing System and Registry.
CSB NMLS Registry
Loan Error Resolution and Information Requests
Requests for information or for error resolution should be mailed to:
Community State Bank
Attn: Loan Error Resolution
817 N Ankeny Blvd
Ankeny, IA 50023
Requests must include your name, loan number, and a description of the error or information being requested.