Mortgage Lending

Small Town Bank (NMLS # 401961) is committed to helping you find the right mortgage for your needs. We understand that every borrower is different, and we offer a variety of products to meet your individual requirements. We make the process of securing a mortgage simple and straightforward by offering you financial tools that will enable you to make smart financial choices.

Whether purchasing a new home or refinancing your existing home loan, we have the expertise and the products available to help you meet your goals. Our team of Lenders can guide you through the process of a securing your Real Estate Loan. Please contact one of the STB Lending Officers below to ask how you can get the process started.

       
Mortgage Calculator
We have provided a handy calculator to help you determine how much of a mortgage you can afford. Please be advised calculators are not guaranteed to be accurate and are supplied by a third party which is not affiliated with Small Town Bank.
 

Small Town Bank Mortgage Loans

Small Town Bank gives customers the opportunity to have the flexibility and convenience of doing an “In House” Mortgage Loan while dealing with local lenders that they know and trust. This type of mortgage allows the customer to deal directly with capable STB lenders on-site at one of our five loan office locations. Multiple options exist for our “In House” Mortgage loans for loans large and small. Customers love the convenience of being able to make their payments at local branches and knowing that their bank is servicing their loans. Contact one of the STB Lending Officers listed at the bottom to inquire about a Small Town Bank Mortgage Loan.

Secondary Market Mortgage Loans

Our Mortgage Specialists Clay Kimbrell (NMLS # 1461628) or Jonathan Mosley (NMLS #543593) can help you decide which loan is best for you. Call Clay at 256.357.4936 or call Jonathan at 256.831.4015 or  for more information. Small Town Bank uses an Independent Mortgage Origination Partner that offers a variety of loan programs to meet your needs.

We work with the leading lenders in the industry to provide:

 
 
 

Conventional Fixed Rate Mortgages

With a fixed rate mortgage, your interest rate and monthly principal & interest payment will stay the same for the entire term of the loan. Fixed rate mortgages are popular because they protect homeowners from payment surprises and are very straightforward. Conventional Fixed Rate Mortgages are available with a variety of terms, available in Conforming and Non-Conforming loan amounts. Private mortgage insurance is usually required for loans with less than a 20% down payment, or when refinancing more than 80% of your home's value.

Maximum Amount: $417,000


USDA Rural Development Loan

USDA Rural Housing Program is available. Loan allows for 100% financing of the appraised value on homes in eligible areas. Property must qualify and borrower income cannot exceed certain limits. Please call for qualifying.

Maximum Amount: No maximum loan amount as it is determined by qualifying income and debt ratio guidelines.


Veterans Administration Mortgage Loans (VA)

This loan program is available from the Department of Veteran Affairs. It is designed to serve the needs of Veterans and allows 100% financing of the purchase price if needed. This borrower must have a valid Certificate of Eligibility and DD Form 214 to obtain a VA mortgage.


Jumbo Mortgage Loans

Jumbo loans or non-conforming loans are for loan amounts above $417,000.  Most of the conforming loan programs and features are the same for Jumbo/non-conforming.  However, a few documentation differences apply.  Call a Lender for more detailed explanation.

Maximum Amount: $2,500,000


Adjustable Rate Mortgages (ARM)

Adjustable Rate Mortgages (ARM) loans your interest rate and monthly principal & interest payments remain the same for an initial period of 1 - 7 years then adjust annually. This loan type is generally helpful for those borrowers who anticipate only being in a home for a short time, or expect their income to rise over time. It is important to keep in mind that the rate adjusts based on market rates, and fluctuates periodically based on financial market conditions, which may result in a higher monthly payment. However, built in rate caps and margins provide a measure of security and limited increases over the life of the loan. Private mortgage insurance is usually required for loans with less than a 20% down payment, or when refinancing more than 80% of your home’s value.

Maximum Amount: $417,000


Federal Housing Administration Mortgage Loans (FHA)

FHA Mortgage Loans are insured by the Department of Housing and Urban Development. FHA offers mortgage loans with a fixed or adjustable rate option. These loans are a good option when a minimum down payment is preferred. FHA requires up-front mortgage insurance, which can be financed in the loan, and a monthly mortgage insurance premium (MIP).

Maximum Amount: $271,050




Small Town Bank Loan Officers


Wedowee Office
(256) 357-4936
Ranburne Office
(256) 568-2265
Roanoke Office
(334) 863-4151
Carrollton Office
(256) 463-2790
Alan Hubbard
NMLS # 609361
Debra Morris
NMLS # 609366
Bill Landers
NMLS # 609365
Patty Shoemake
NMLS # 1508019
Donny Slick
NMLS # 609362
Oxford LPO
(256) 831-4015
Heflin Office
(256) 463-2790
Galen Hobbs
NMLS # 849995
Clay Kimbrell
NMLS # 1461628
Jonathan Mosley
NMLS # 543593
Debra Nelson
NMLS # 1089177

 
     
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Wedowee - Main Branch
Ranburne Branch
Roanoke Branch
Heflin Branch
Oxford - Loan Production
Carrollton, GA - Branch 
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LOBBY HOURS:
Monday 8:30 am - 4:30 pm
Tuesday 8:30 am - 4:30 pm
Wednesday 8:30 am - 1:00 pm
Thursday 8:30 am - 4:30 pm
Friday 8:30 am - 5:00 pm
Saturday (Lobby Closed) 
DRIVE THRU HOURS:
Monday 8:00 am - 4:30 pm
Tuesday 8:00 am - 4:30 pm
Wednesday 8:00 am - 1:00 pm
Thursday 8:00 am - 4:30 pm
Friday 8:00 am - 5:00 pm
Saturday 8:00 am - 12:00 pm
 Equal Housing Lender
FDIC

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