State Bank of Cherry offers many competitive fixed and adjustable rate products to help you purchase, build or refinance a home. We will walk you through the process to get you in the right product for your needs.

Purchase: Primary Residence / Vacation Home / 2nd Home

Helping you find the right loan for your new home is our specialty.

• Up to 30-year fixed rate financing
• 5-year adjustable rate amortized up to 20 years
• As low as 3% down with PMI (Private Mortgage Insurance) approval

Refinance: Primary Residence

• Up to 30-year fixed rate financing
• Cash out up to 80% loan-to-value

New Construction / Home Improvement

Building a new home or renovating an existing one – Let us take the stress out of the loan process so you can focus on paint colors.

• Interest only payments during the construction period - 6-12-month phase
• 20% downpayment required

Home Equity Line of Credit

Home equity line of credit can be used for various items, including: home repairs, college expenses, vacation, consolidate debt; the possibilities are endless.

• Easy access to your funds
• Borrow as you need and only pay interest on the amount you have advanced
• Interest may be tax deductible — check with your tax advisor

Auto & Recreational Loans

We offer auto and recreation loans for a variety of new and used vehicles. Talk to us today about competitive terms and rates.

• Cars, SUVs, trucks, boats, motorcycles, travel trailers
• Purchase and refinance options for new and used vehicles
• Secured by vehicle
• Rates and terms determined by year of vehicle

Personal Loans

Short term financing is available for loans with smaller amounts.