Mortgage Lending
The Exchange Bank has a team with over 80 years combined mortgage lending experience to better assist you. Purchasing a home is an extremely important decision and we would love to help you. "Home ownership, now more than ever, is the cornerstone of the American dream. Our owners are driven to provide every means possible to help make that happen," said Dwight Hamann (Stillwater President). Come visit our mortgage lenders in Perry and Stillwater to see what we can do for you.
Types of Loans Offered
Conventional
These loans are the most common type of mortgage. They typically require a down payment of twenty percent or private mortgage insurance. Conventional loans provide up to 95% loan to value financing.
FHA
Federal Housing Administration. FHA loans are government insured and ideal for first time home buyers. They require a minimum down payment of 3.5% and offer other generous terms.
VA
Veterans Administration. VA loans are government insured. They are available to qualified veterans and active members of the United States Military and require little or no down payment. Their many attractive features include 100% financing and lower rates than conventional loans.
Rural Development
If you live in a rural county you may qualify for one of these government guaranteed loans. Rural Development loans offer 102% financing, flexible credit documentation and other favorable features
Equity Line of Credit
Create a second mortgage on your home for up to 90% of the appraised value.
Construction
Create a second mortgage on your home for up to 90% of the appraised value.
No Subprime Involvement
Exchange Bank does not originate, hold, or purchase sub-prime loans. As a result, it has remained strong in today’s challenging economic climate. In fact, our company is capitalizing on market conditions to expand into new territories in Oklahoma and Colorado.
Let’s Get Started
In order to begin evaluating and processing a loan for you, we will need the following information…
- Signed Loan Application
- Two years of W2’s or income tax returns
- Two months of bank statements
- Pay Stubs
- Two forms of personal identification
For more information please contact any of our Mortgage Loan Specialists....
| Stillwater | Perry |
| Linda Dickerson | Lois Malget |
| Cell: 405-742-2834 | Phone: 580-336-5531 ext 227 |
| Email:ldickerson@easybanking.net | Email: lmalget@easybanking.net |
| Lee Ann Cowan | Jill Hansen |
| Cell: 405-880-7365 | Phone: 580-336-5531 ext 228 |
| Email: lcowan@easybanking.net | Email: jhansen@easybanking.net |
| Jeannie Layes | |
| Cell: 405-742-0481 | Exchange Bank |
| Email: jlayes@easybanking.net | Home Loans |
| 523 Delaware, P.O. Box 797 | |
| Nicole Prince | Perry, OK 73077 |
| Cell: 405-747-5239 | |
| Email: nprince@easybanking.net | Phone: 580-336-5531 |
| Fax: 580-336-3297 | |
| Exchange Bank | Monday—Wednesday & Friday |
| Home Loans | 8:30 a.m. to 3:00 p.m. |
| 4301 W. 6th | Thursday |
| Stillwater, OK 74074 | 8:30 a.m. to 6:00 p.m. |
| Phone: 405-742-0202 | |
| Fax: 405-742-0101 | |
| Monday thru Friday | |
| 8:00 a.m. to 5:00 p.m. | |
| Saturday | |
| By appointment |
