Loan Solutions

Local Deposits Fund Local Loans

What does the term "local" mean to you regarding the First Savanna Savings Bank?

• Our employees are all local residents. We are your neighbors and friends.
• Our Directors are all local business persons. They are aware of community needs and wish to make our community stronger. All decisions are made in our office.
• Our loans support Savanna, Mount Carroll, Thomson, Hanover, Carroll County, Whiteside County, and Jo Davies County. We do not fund projects outside this area.
• When you call our office during business hours, a real person answers the telephone. We do not have a "phone tree" to transfer you nor do we have an answering menu which gives you a list of extensions.
• We keep all our loans in house. We do not sell them on the secondary market. If you have a question, just contact us directly, your file is here and available.

First Savanna Savings Bank finances new and used autos. We have fixed rate loans with various repayment terms to meet your needs. If you need to consolidate your current liabilities or just want to take a great vacation, we have a variety of financing options customized for you.

Auto Loans - Need a new or used vehicle? We have great rates that can help make your dream car a reality.

Personal loans - Unsecured consumer loans up to a 48 month term for qualified applicants.

Passbook Loans - Deposit account secured loans. Your Time Certificates or Passbook Savings accounts may be used as collateral.

Home Equity Loans - Need a new car, want to make a few improvements on your home, kids getting ready to go away to college, or consolidating your debts? You may need a Home Equity Line of Credit. You can draw on the equity in your home to meet your needs. Apply and have access to a line-of -credit, secured by your home for whatever you need, whenever it is needed. With a variable rate, you can be assured of one of the best rates around, and the interest you pay may be tax deductible. (Check with your tax professional regarding your particular situation.) When you need to access your Home Equity Line-of-Credit just call the office and ask us to transfer to your checking account or you may pick up a check at our office during regular business hours.

"Home Pride" Loans - The "Home Pride" loan is available to customers who have a seasoned First Mortgage Loan in good standing with the First Savanna Savings Bank.

Proceeds from this unsecured loan type must be used to maintain or improve their residence. Favorable terms make this loan very affordable and quickly advanced.

Download Application Please mail, deliver or fax your completed application to:

First Savanna Savings Bank   Fax
Consumer Lending Department
301 Main St.
Savanna, IL. 61074

Important Information - Please Read Income verification must be submitted along with this application for credit. (Pay stubs, W-2's, Social Security, etc.) In accordance with the US Patriot Act, all persons are subject to identity verification. Please have your driver's license, passport or other verification of identity at the time of application.

The following are different types of mortgage loans that are offered at this time:

• Adjustable Rate Mortgages - An excellent straight forward program - low index - no teaser rates
• Fixed Rate Mortgages
• Construction Loan Mortgages
• First Time Home Buyers Program
• Lot Financing
• Investment Property Loans
• Commercial Real Estate Loans
• Small Farmettes
• Small agricultural tracts

Download Real Estate Loan Application

Download Real Estate Loan packet

To apply for a Real Estate Loan you will need to complete both the Real Estate Loan Application and the Real Estate loan packet.

Please mail, deliver or fax your completed application to:

First Savanna Savings Bank   Fax #
Lending Department
301 Main St.
Savanna, IL. 61074

You will also want to look at these helpful handbooks Buying Your Home and Consumer Handbook on ARM. The first handbook explains settlement costs and pertinent information when purchasing your new home and the second explains valuable information when applying for an adjustable rate mortgage (ARM). You will receive these handbooks when you stop in to speak with Steve McIntyre, our Residential Real Estate lender.

If you are a first time homebuyer with no down payment or an experienced buyer who needs flexible rates and terms, we are here to help. Whatever your needs or wants we can fit you into a loan program that is just right for you.