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Call Us: 815-894-2345 | Fax: 815-261-5902
Routing #071112176 | NMLS #509252

Purchasing a Home

Why Choose State Bank of Cherry

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.

Mortgage Loan Officer

JoAnna Engels

Phone: 1-815-894-2345


NMLS: 719022

State Bank of Cherry NMLS: 509252 | Do not include confidential information in emails.

I love the kindness and willingness to always help me when I come in there.
-Melissa S.

Purchase: Primary Residence / Vacation / 2nd Home

  • 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 / Renovations

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.

  • 6-12-month construction period
  • 20% down

Home Equity Line of Credit

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

Business Investment Property

Rental property from single family to multi-unit properties; we can help.

  • Purchase
  • Refinance
Personal service. Very professional. Make you feel at home.
-Gene A.

Helpful Resources

Your growth is your greatest investment. Let state bank of cherry help you with an agricultural loan today! Learn More