Cherokee County Banks

Cherokee County Banks

When it comes to buying a home or property, there are a few options for paying for your life’s most important purchase.

Option 1: Paying Cash

Paying cash is not the most common way for people to pay for a home or property, but it is by far the safest and most secure. Paying cash for a home means you will have to save money or come into some form of cash, such as an inheritance. Even if you can’t pay cash for a home, having some cash on hand for a healthy down payment on a mortgage is always a great help in getting approved for a mortgage.

Option 2: Renting to Own

Renting to own is an option for purchasing a home. It has some advantages if your credit score is not the greatest, and you have your heart set on buying a home before getting your credit score in order. The major disadvantage is that the payments made to the seller directly don’t get reported to help you improve your credit score. The interest rate charged by the seller may be higher than the current interest rates. A buyer needs to make sure that the purchase contract is fair for both sides of the deal.

Option 3: Getting a Mortgage

Short of paying cash getting a home mortgage is a good alternative. It is essential to have your credit score in good order, your other debts paid off, or very close to being paid off, and having at least 20% down payment helps the process a great deal. However, there are some no downpayment options available. For those options, you would have to speak a loan professional at the bank.

Cherokee County, Iowa, has several financial institutions available for your banking needs.

For your convenience, we have listed them here in alphabetical order.

DISCLOSURE:

Delta Properties does not endorse any one bank over another. It is the buyer’s responsibility to investigate which financial institution is the best fit for their home mortgage needs.

Central Bank
401 W. Main Street
Cherokee, IA 51012
712-225-2546
https://www.centralbankonline.com/

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Cherokee State Bank
212 W. Willow Street
Cherokee, IA 51012
712-225-3000
https://www.cherokeestatebank.com/

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Farmers State Bank
106 E. Cedar
Marcus, IA 51035
712-376-4154
https://www.fsbmarcus.com

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Heritage Bank NA
148 Main Street
Aurelia, IA 51005
712-291-3646
https://www.heritagebankna.com

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North Star Community Credit Union
1030 S. 2nd Street
Cherokee, IA 51012
712-225-5731
https://www.nsccu.org/

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State Savings Bank
200 S. 2nd Street
Cherokee, IA 51012
712-225-6117
https://secure.yourfullservicebank.com

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State Savings Bank
719 S. HWY 143
Marcus, IA 51035
712-376-2434
https://secure.yourfullservicebank.com

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United Bank of Iowa
111 E. 2nd Street
Aurelia, IA 51005
712-434-2291
https://www.unitedbk.bank

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United Bank of Iowa
101 N. Lewis Avenue
Cleghorn, IA 51014
712-436-2222
https://www.unitedbk.bank

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United Bank of Iowa
100 W. Pine Street
Marcus, IA 51035
712-376-5511
https://www.unitedbk.bank

The agents at Delta Properties are here to help in any way we can. If you have any questions regarding your real estate needs, don’t hesitate to Contact Us. We are happy to help!

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