Mortgage Loans

Select a Mortgage Loan to Fit your Financial Situation

Before you apply for your mortgage loan, you’ll need to decide which type of loan may be right for you. Tioga State Bank offers a variety of mortgage loan options and our mortgage lenders can help you find the one that best suits your financial situation.


Loan Programs:

Fixed Rate MortgagesFixed Rate Mortgages have a fixed rate and monthly payment for the entire life of the loan. It's easy to budget for this type of loan because your payment will always be the same.
Adjustable Rate MortgagesAdjustable Rate Mortgages usually start with lower interest rates than fixed rate mortgages. If you will be moving in a few years or if you think interest rates will be going down, you'll want to consider an adjustable rate since payments may be lower.
First Time Home Buyer ProgramTioga State Bank offers mortgage financing to new homeowners.
Construction MortgagesConstruction Mortgages are available for stick-built, modular, pre-fabricated homes, log homes, and manufactured homes with fixed rates.
Special Interest FinancingSpecial Interest Financing for raw land, seasonal properties, and manufactured housing is available.
No Closing Costs MortgageTioga State Bank offers No Closing Cost Mortgages with a variety of fixed rate terms.
Jumbo MortgagesA Jumbo Mortgage is designed for loans starting at $510,400 up to $981,700 for 1 to 4 family owner occupied real estate.

Private Mortgage Insurance (PMI) is required on loans for purchases and refinances when there is a down payment of less than 20% or equity in the existing house to be refinanced of less than 20%.


TSB will be providing periodic mortgage statements that comply with Part 419 on or shortly after August 14th.

To request information or report an error relating to the servicing of your mortgage loan please send a written request to Tioga State Bank, Attn: Mortgage Department, 1 Main Street, PO Box 386, Spencer NY 14883 and include your name, loan number, property address and a statement of either the information you are requesting or the error you believe has occurred. You may also call our Customer Service Center at 1-888-303-4872.


Is Refinancing Right For You?

Generally, it’s a good idea for you to consider refinancing whenever the interest rate for mortgages is more than two percentage points below your present mortgage. Whether you apply with us for a new mortgage to buy the home you want, or to refinance your present mortgage, speak to one of our mortgage loan experts.


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