.jpeg)
You Can Buy the Home You Love with Confidence
or call us at 812-667-5101
Buy the Home You Love
Friendship State Bank has been helping people like you buy the home they love for more than 110 years - since 1912!
As your community bank we're focused on the needs of those specifically in Southeastern Indiana. Decisions regarding your home financing are made right here locally. And we are committed to reinvesting a portion of our profits into local businesses, residents, and organizations to build strong communities together. You can Rely on Friendship.
The Pain Free Mortgage Process
1 |
2 |
3 |
4 |
|---|---|---|---|
| Compare | Calculate | Prepare | Apply |
| We'll help you compare mortgage rates and payment terms to fine the best one for you. | Run the numbers and calculate your monthly mortgage payment. | We'll help you get financially prepared and make things easy for you. | Get pre-qualified for your mortgage and confidently negotiate with sellers. |
Meet Your Mortgage Experts
 |
 |
 |
 |
|---|---|---|---|
|
NMLS ID: 1208784
Lawrenceburg
|
NMLS ID:2673912
Vevay |
NMLS ID: 464485 Friendship
|
NMLS ID: 2075807 Dillsboro
|
|
Community bank lending is a passion of mine and I look forward to assisting you every step of the way. I am eager to educate borrowers on our products and services available to achieve their lending needs.
|
I enjoy serving my home community! Working with both new and familiar faces in community banking allows me to assist in the financing of customer needs and dreams. I look forward to assisting my customers throughout the process to ensure a smooth and successful lending experience!
|
I have worn many hats in my 25 year banking career, but have found my passion in lending. I enjoy meeting folks and working with them step by step while answering any questions they may have. | I enjoy getting to know borrowers, helping them understand the mortgage process in a way that makes sense to them. I’m your guy for financial coaching, pre-approvals, purchases/refinances, deed/parcel transfers, and much more. |
 |
 |
 |
 |
|---|---|---|---|
|
NMLS ID: 2283265
Rising Sun |
NMLS ID: 1899888
Versailles |
NMLS ID: 1558046
Versailles |
NMLS ID: 464479
Vevay |
| I have been with Friendship for 19 years. This has allowed me to gain the knowledge and skills needed to aid the community with all of their lending needs. I look forward to building those relationships with the community. | I appreciate that our lending decisions are made locally. I’ve worked in many roles of the bank and found my calling once I became a lender. My greatest joy is helping customers find their first home or forever home. I’m eager to help and you can Rely on Friendship. | I enjoy meeting customers and being there through the process to answer questions and get to closing in a smooth, quick timeline. Learning something new every day is part of the job! I am here to use that knowledge to help you find the product and service for your goals. | My career began in 1989. Over the years my career has become my passion not a job. I enjoy our community and working with the people who have chosen to make Switzerland County their home. Working with customers to meet their financial needs, large or small, is one of the best rewards! |
 |
 |
 |
 |
|---|---|---|---|
|
NMLS ID: 2283277 Batesville
|
NMLS ID: #2634576
Madison |
NMLS ID: #59782
Bright |
|
| I value working in my community. I will work with you every step of the way to find the best product for your needs. We stay in constant communication during this process to make sure you have a smooth, worry-free experience from application to closing. | I’ve been in banking since 2012 and have garnered much knowledge from the seasoned lenders I’ve worked alongside. I enjoy working to help our customers achieve their goals. I am dedicated to giving great service to our customers. | I have been in banking for 10 years and have learned much along the way. I will work with you every step of the way to find the best product for your needs. Working with customers to meet their financial needs, large or small, is one of the best rewards, your success is my success! | Having more than 25 years of experience in the financial industry has given me the knowledge & skills needed to provide my community with all of their lending needs. Ensuring that you make the right choice for you and your family is my ultimate goal. |
Still have questions?
Request a Call Back or Call 812-667-5101
Frequently Asked Questions
What fees and additional costs are associated with getting a mortgage?
When applying for a mortgage, it's essential to know what to expect regarding fees and costs.
Loan Application Fees May Include:
- Cost of a Personal Credit Report: To assess your creditworthiness.
- Cost of an Appraisal: Necessary to determine the value of the property you wish to buy or refinance.
Typical Closing Costs May Include:
- Homeowners and Title Insurance Premiums: Protect your investment.
- Inspection Fees: Ensure your property is in good condition.
- Loan Underwriting Fees: Cover the cost of evaluating your loan application.
- Survey Charges: Confirm property boundaries.
- Closing or Origination Fees: This fee covers the cost of processing your mortgage application and finalizing your loan.
We provide a detailed estimate of these costs within three days of receiving your mortgage application. Additionally, we supply a Truth-in-Lending Statement, disclosing the Annual Percentage Rate (APR) for your loan, so you know exactly what to
What is a down payment and how much will I have to have to qualify?
Your down payment depends on the type of loan you choose. While down payments can range from 0% to 20%, a larger down payment generally results in lower monthly payments. Many homeowners prefer to set aside at least 10% of the home’s purchase price for a down payment to ease future financial commitments.
What is an Adjustable-Rate Mortgage (ARM)?
An Adjustable-Rate Mortgage (ARM) is a type of loan that offers a lower initial interest rate compared to a fixed-rate mortgage. Here’s what you need to know:
-
Initial Fixed Period: ARMs typically start with a fixed interest rate for a specific period (e.g., 5, 7, or 10 years). During this time, your monthly payments remain stable, making budgeting easier.
-
Adjustment Period: After the initial fixed period, your interest rate will adjust periodically (usually annually) based on market conditions and a predetermined index. This means your monthly payments may fluctuate after the fixed period ends.
-
Potential for Lower Payments: Because the initial rate is often lower than that of a fixed-rate mortgage, ARMs can result in lower monthly payments, making homeownership more accessible.
-
Rate Caps: Most ARMs include rate caps, which limit how much your interest rate can increase at each adjustment period and over the life of the loan. This feature provides a level of protection against dramatic rate increases.
-
Ideal for Certain Buyers: ARMs can be a great option for buyers who plan to move or refinance before the adjustment period begins or those who expect interest rates to remain stable or decrease in the future.
Is an ARM Right for Me?
Consider your financial situation and long-term plans when deciding if an adjustable-rate mortgage fits your needs. Your loan officer can help you evaluate your options and determine the best mortgage solution for your unique circumstances.
What are my other options if I don't want an Adjustable-Rate Mortgage?
We offer a variety of fixed-rate mortgage options tailored to meet different needs and financial goals. You’ll have peace of mind knowing exactly what your payments will be over the life of your loan.
What documents will I need for my mortgage application?
Income Verification
- W-2 Statements: Last 2 years.
- Pay Stubs: From the previous 4 weeks.
- Self-Employed? Last 2 years of tax returns.
Financial Information
- Bank Statements: From the past 2 months for accounts used in your down payment.
- List of Assets: Include all checking/savings accounts, real estate, and investments. Provide the name and address of financial institutions, account numbers, and current balances.
- List of Debts: Include creditor name, address, account numbers, monthly payments, and outstanding balances.
Property Details
- Annual Real Estate Taxes: Estimated amount.
- Homeowners’ Insurance: Annual premium cost.
- Purchase Contract: If buying a house or land.
- Deed/Legal Description: Copy required.
- Land Contract: If applicable.
Other Required Documents
- Residency History: Addresses covering the past 2 years.
- Divorce Decree/Separation Agreement: If applicable, including any child support or alimony details.
- Employer Contributions: Copy of statement detailing any employer-provided loans or paid closing costs.
- Appraisal Fee: Required at application.
Who will service my mortgage?
Your mortgage will be serviced by Friendship for the entire life of the loan, so you’ll always work with a team you know and trust, right here in your community.