Jersey State Bank is the only locally owned bank in Jersey County. We have been in operation since 1903 and are the only bank left in the County that still makes decisions on a local level without input from a management team located miles away. Because we are defined by the above specific characteristics, we also have additional responsibility not shared by other financial institutions in the area. That is, we have Jersey County as our primary market area. This is our home and it is home to our staff and Board of Directors. We are here to offer as much assistance as possible to make this County grow and become an increasingly better place to live and raise our families.
At Jersey State Bank, we have the loan products and services to provide solutions for all of your lending needs. Many financial institutions would like to be your lender but the staff at JSB takes the time to become familiar with your specific concerns and make sure that you get the best loan solution.
If youíre thinking of buying a new home, refinancing your existing home or building your dream home, donít select a loan based solely on the "going rate of the day". Take advantage of our experienced staff of lending professionals who will explain the differences between each type of mortgage and deliver the loan that best fits your individual needs.
With several choices of maturities, conventional fixed rate loans allow you to lock in an interest rate that will never change. We have mortgage loans that allow our customers to purchase a home with as little as a 5% down payment. In addition, our Rural Development financing program allows moderate income borrowers to finance up to 102% of the sales price for a one time guarantee fee that eliminates the need for Private Mortgage Insurance (PMI).
If you're a homeowner with equity built up in your house (the value beyond what you owe on it) and you need some extra borrowing power for a wedding, debt consolidation or home remodeling, apply for our Home Equity Line of Credit. Even if you have your current mortgage with another lender, come see us for a home equity loan.
Building a new home?
Let us assist you. Jersey State Bank offers an easy application process for construction loans on single family homes that can be converted to permanent financing upon completion. Stop by and visit any of our three locations for additional information.
Jersey State Bank designs commercial loans to meet specific needs in the operation of a business. Working capital, acquisition of commercial real estate, lines of credit and capital investments are some of the ways in which the bank services the borrowing requirements in the commercial sector.
We appreciate the hard working and dedicated farmers in our community. During the past year, the bank added Mark Schaefer to our lending team, who has vast experience in agriculture. With over 20 years of ag lending, Mark is available to discuss all your financing needs: operating lines, farm mortgages or equipment loans. Just like yours, our roots are in Jersey County. Let's grow together!
Jersey State Bank provides financing for both new and late model used cars with competitive rates and terms to meet your budget. See us the next time you are thinking of a new boat or recreational vehicle.
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