Fixed Rate Loans Are you looking for a conventional type mortgage that gives you a set payment amount and interest rate for the life of the loan? If so, then a fixed rate mortgage is probably what you are looking for. We offer fixed rate loans for a term ranging from 10 to 30 years. If you plan on being in the house a long time or would like lower monthly payments than a longer term would probably better suit you. If you are interested in an accelerated repayment plan with a predictable monthly payment then a shorter term may be what you are looking for. We will work with you to get the term that best suits your budget and goals.
Adjustable Rate Loans An Adjustable Rate Mortgage (ARM) gives you the flexibility of starting out with a lower rate and payment. Interest rates and payments are usually fixed for a period of time, usually 1, 3, 5 or 7 years, and then adjust every year after the initial period. Products are usually referred to as 1/1, 3/1, 5/1 or 7/1 ARMs. ARMs may also be a product to consider if you do not plan to be in the house for a long period of time. Or if you think rates may decrease in the future resulting in a lower interest rate and payment then you may want to consider an ARM. No or Low Down Payment Loans If you've found a home but you don't have the required down payment then we may be able to help. We offer low down payment financing loans through a variety of sources and products to get you into your dream home. Let us work with you to find out which product works best in your situation. Just go to the link below and complete the application to get started.
Construction Loans If you decide to build or buy a prebuilt-factory home, then you've come to the right lender. At New Century Bank we specialize in home construction loans. We offer short term financing for the construction phase and we will work with you to place you in the appropriate mortgage product for the long term. We work with a number of home builders throughout the Midwest and have the expertise to help you through the construction process. Credit Problem Loans Are you having problems qualifying for a loan because of blemishes on your credit history? Or maybe you don't have a credit history which makes it difficult to get a loan. We may be able to help. We have sources available that we can work through to assist in getting you loan for your dream home. So don't give up until you give us a try.
Home Equity and Home Improvement Loans If you want to add a garage, deck, shop or remodel we also make home improvement loans to meet your needs. Or maybe you would like to use the equity in your home to purchase a car, boat, or go on a vacation; we also have home equity loans to assist you. Using the equity in your home may get you a better interest rate and the interest may be tax deductible.
Auto and Personal Loans Whether you're looking for a loan to purchase a car, boat, RV, or consolidate bills, we offer loans with competitive rates and flexible terms to meet your needs. Just click below and get started with the application process.
Commercial If you need a loan to purchase a business or if you need a loan to expand your existing business, we can help. We're here to see your business succeed so we offer loans tailored to your specific needs. We offer inventory, equipment and real estate term loans as well as line-of-credit loans to help you meet seasonal needs. We also work with the Small Business Administration to offer affordable loans to qualified applicants. To get started on your business loan application just give us a call at (785) 527-2772 or call toll free at 888-235-7976. Agricultural Loans At New Century Bank we offer livestock, crop production, equipment, real estate and line-of-credit operating loans to meet the needs of the agricultural producer. We offer competitive rates and flexible terms to tailor loans to meet the farmer's specific needs. To see what New Century Bank has to offer just give us a call at (785) 527-2772 or call toll free at 888-235-7976. | 
