Mortgage Lending

Mortgage Loans

The Loan Professionals at Scottsburg Building and Loan Association would like to assist you with all your borrowing needs. Whether you are considering a purchase, need to consolidate debts, or cover an unexpected expense, our loan department has the experience it takes to get the job done! Our decisions are made locally so we can give your request the attention it deserves.

 

If you’re looking to buy or refinance a home, you’ve come to the right place. As one of the leading mortgage lenders in Scott County and the surrounding areas, Scottsburg Building and Loan offers:

 

  • Easy application process
  • Quick mortgage approval
  • Competitive rates and low up-front fees
  • No prepayment penalties
  • Mortgage options to fit your personal situation

 

New Home Purchase & Contruction | Home Refinance

Fixed Rate Mortgages

Get a great rate and stick with it, for a term up to 30 years.

Construction Loans

Build the home of your dreams, and start with us for the financing. You close your loan only one time, when construction begins.

Home Improvement

Also called a second mortgage, you get the money you need in one lump sum. It has a fixed interest rate and a fixed term for easy budgeting.

Use the Equity in your Home to get the money you need for any good reason – college tuition, vacation, consolidate bills, buy a car, or almost anything else.

Scottsburg Building and Loan makes it easy to apply and promises quick approval. And the interest you pay on loans secured by the equity in your home may even be tax deductible (consult with your tax preparer).

Home Equity Line of Credit

Gives you security and purchasing power whenever you need it. You simply write a check for any amount up to your approved credit line (which can be up to 90% of your home’s value, less the amount of your first mortgage). It’s always available, and as you repay what you have borrowed, that money becomes available again if you need it.

 

Automatic Loan Payments

We have the capability to transfer your monthly payments from your Scottsburg Building and Loan Deposit Account to your Loan Account. Stop by and talk with our loan staff to avoid the need to write a check each month.