To get started on a mortgage loan, LBT needs an application (found here) completed and signed, and a copy of the documents (found on this checklist) turned in. The documents can be brought to an officer at the bank, or turned in online through our account inquiry and attached at the bottom (found here). 

Home Loans

Lamar Bank & Trust knows that one of the most important decisions you'll make about investing for your future is the right financing plan for your home. That's why we offer a variety of programs to suit your purchase or refinance needs. Contact a loan officer at 417-682-3348 to discuss which program will best suit your personal financial plan. 

• Fixed Rate
  
• Variable Rate
  
• Construction/Permanent
  
• First-Time Homebuyer Program 

Some of the key benefits of looking to LBT for your home financing needs are:

• Quick Loan Approval
• Competitive Interest Rates
• Professional, Seasoned Loan Officers 

Home Equity Loan

Using the equity in your home is one of the smartest ways to borrow money. Because a Home Equity Loan is secured by the equity in your home, you can borrow at a lower rate of interest than on most other forms of borrowing. And, your interest may be tax deductible(1).

Whether you are consolidating debt, making home improvements or planning for a major purchase, a Lamar Bank and Trust Home Equity Loan can help you reach your goals. 

A Home Equity Loan provides flexible terms with a fixed monthly payment to allow for easy budgeting.

Features include:

• Competitive interest rates
  
• Potential tax deductibility of interest(1)
  
• Quick Loan Approval. 
  
• One-time disbursement of loan funds at time of closing
  
• Flexible repayment terms 
  
• Up to 90% of the value of your home
  
• Optional Auto debit of your monthly payments
  
• Predictable payments to help you budget
  
• Easy account access through LBT Online Banking.
  
• Mortgage Protection insurance 
  

 

Home Equity Line of Credit

A Lamar Bank & Trust Home Equity Line of Credit is one of the smartest ways to borrow money using the equity in your home as collateral. It is an easy and sensible way to have quick access to the money you need, when you need it.

Features include:

• Interest rates as low as The Prime Rate
  
• Potential tax deductibility of interest(1)
  
• Quick Loan Approval. Normally, loan decisions are made within 24 hours.
  
• Line stays open and is reusable. (Is a Revolving Line)
  
• Interest is only charged on the balance of your line. 
  
• Re-borrow the money you repay without applying again. 
  
• Up to 90% of the value of your home
  
• Auto debit of your monthly payments
  
• Easy Access to funds by check, Visa Check Card or LBT Online Banking.
  
• Mortgage Protection insurance
  

A Home Equity Line of Credit is always ready when you are. There is no need to reapply every time you need a loan. You can use your Home Equity Line to: Consolidate high-interest-rate credit cards or other loans

• Make home improvements
  
• Pay tuition and fund education expenses
  
• Buy a new car or truck
  
• Cover your child's wedding expenses
  
• Make a major purchase 
  

(1) Normally, interest on a Home Equity Line of Credit is tax deductible; please consult your tax advisor.