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Personal Mortgage and Home Loans

OUR DIFFERENCE

Prospect Bank has played a key role in the growth and development of Central Illinois since 1873. At Prospect Bank, we take great pride in providing our friends and neighbors with personal, one-on-one service throughout the entire home-buying process.

  • With us, shopping for a mortgage is never stressful. We understand you have questions and concerns, and we’re to help.
  • Not only will we work to get you pre-qualified for mortgage loan, we’ll sit down with you, ask the right questions, help you identify a budget and advise you on next steps.
  • Our loans are written locally by people who understand the communities we serve.
  • We provide local loan servicing – your loan isn’t sold off to a giant bank in a faraway place.
  • We offer convenient payment options, including automatic debit.
  • We invite you to visit us when you have questions so that we can answer them directly.

PAY FOR YOUR HOME WITHOUT THE HEADACHES.

Buying a home is a huge moment in anyone’s life. Paying for it, though, is a major financial commitment. Our whole process is built around providing stellar customer service – our Loan Officers are dedicated to serving you throughout the process of finding the best possible mortgage to fit your unique needs.
WHAT YOU GET

  • Fixed and adjustable rate mortgages available
  • Loans for everything from construction to home improvement
  • Convenient payment options, like automatic debit from checking account

HOME LOANS

FIXED RATE MORTGAGE

This Mortgage Is Best For You If: You want a straightforward and predictable monthly mortgage payment that won’t change over the term of the loan.

What You Need to Apply:

  • Personal identification and employment information
  • Income documents
  • Property information
ADJUSTABLE RATE MORTGAGE

This Mortgage Is Best For You If: You want a mortgage payment that will reflect changes in the market, and a lower initial monthly rate than a fixed rate mortgage might allow.

What You Need to Apply:

  • Personal identification and employment information
  • Income documents
  • Property information
RURAL DEVELOPMENT LOAN

This Loan Is Best For You If: You’re looking for property in an eligible USDA Rural Development area, and meet certain income qualifications.

What You Need to Apply:

  • Personal identification and employment information
  • Income documents
  • Property information
CONSTRUCTION/PERMANENT LOAN

This Loan Is Best For You If: You’re interested in designing and building a custom home from the ground up.

What You Need to Apply:

  • Personal identification and employment information
  • Income documents
  • Property information

Personal Mortgage and Home Loans

*Rates, terms, and conditions effective for loan applications submitted between 4/18/16 and 6/30/16. Subject to credit approval. Automatic Payments & Property insurance required. New loans only. Other restrictions or qualifications may apply. See bank for details. This offer available on Mortgage applications submitted during period of eligibility. The credit is provided for loan applications that are closed and transaction is complete. Limit one offer per household.