Feel at Home with State CS and Owner’s Choice Mortgages

State CS has partnered with Owner’s Choice, a team of experienced mortgage professionals dedicated to helping members navigate the complex world of home loans. From pre-approval to closing, we are with you every step of the way, providing personalized service and expert guidance.

Whether you’re a first-time home buyer or a happy homeowner looking to expand, downsize or refinance – State CS can help make securing a mortgage quick and hassle-free. With customized loan options and local lenders, our team will work with you to help you get into the mortgage that works best for your particular situation.

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Conventional Loans

Our conventional loan options include both fixed-rate and adjustable-rate mortgages.

Fixed-Rate

  • Interest rate stays the same over the life of the mortgage
  • Makes budgeting easier and more predictable
  • Terms are available from 10 to 30 years

Adjustable Rate

  • Initial rate is often lower than a traditional fixed-rate mortgage
  • After the initial period, the interest rate fluctuates over the life of the mortgage, depending on prevailing rates
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Government Loans

FHA

  • Flexible down payment options
  • Excellent option for first time homebuyers

VA

  • For Veterans and their spouses 
  • Flexible underwriting 

USDA

  • Exclusive to low to moderate income homebuyers
  • Flexible financing for properties located in a designated rural area
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FAQs

Mortgage rates are based on a variety of factors such as the loan purpose, occupancy (primary residence vs. rental), credit history and loan-to-value ratio. Upon receipt of your application we will provide you with a custom rate quote based upon your credit profile and loan attributes.

Your interest rate is the monthly cost you pay on the unpaid balance of your loan. An Annual Percentage Rate (APR) includes both your interest rate and any additional costs or prepaid finance charges such as origination fee, points, private mortgage insurance, underwriting and processing fees (your actual fees may not include all of these items). While your interest rate is the rate at which you will make your monthly mortgage payments, the APR is a universal measurement that can assist you in comparing the cost of mortgage loans offered by different lenders.

Closing cost include items like appraisal fees, title insurance fees, prepaid interest and origination fees. These costs can vary due to differences in the type of mortgage, the property location and other factors. Once you have applied, you will receive a Loan Estimate which provides you with important information, including the estimated interest rate, monthly payment and total closing costs for the loan.

Private Mortgage Insurance (PMI) is an insurance policy that protects the lender against loss if the borrower defaults. Private Mortgage Insurance is generally required when a borrower has less than 20% of a down payment when purchasing a home or less than 20% equity in a property being refinanced. The cost of the mortgage insurance is included in your total monthly mortgage payment.

An escrow account is a convenient way to manage property taxes and insurance premiums (like homeowners insurance, mortgage insurance, or flood insurance). Instead of paying one or two large tax or insurance bills each year, you will pay monthly installments as a part of your total mortgage payment. When the bills become due, the lender will pay them out on your behalf from the funds in your escrow account.

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