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Lending Center

Home Loans

Whether you are a first time home buyer, desire a larger home, a vacation home, or just wish to refinance your existing home, CNB St. Louis Bank is there to help you with a wide range of mortgage products. Home buying for most people is their biggest investment. We have in house lending authority and all our decisions are made right here in St Louis. We originate, process, underwrite and fund the loans at our Maplewood Banking Center. NMLS #447291

Home Loan FAQ



  • Purchase a Home

    Whether you are buying your first home or second home we want you to count on CNB St. Louis Bank to assist you along the way.

    It’s our job to match your financial situation to the best product available providing you with the best use of your money. You will hear this terms frequently.

    Conventional – A conventional loan is the traditional loan available to buyers with at least a 5% down payment. It is not insured by any government agency. It is typically fixed in its terms and rate. These mortgages adhere to Fannie Mae guidelines. Fannie Mae, or Federal National Mortgage Association, is a corporation created by the federal government that buys and sells conventional mortgages. It sets the maximum loan amount and requirements for borrowers.

    FHA – An FHA loan is a mortgage loan that is insured by the Federal Housing Administration (FHA). Essentially, the federal government insures loans for FHA-approved lenders in order to reduce their risk of loss if a borrower defaults on their mortgage payments. The FHA program was created in response to the rash of foreclosures and defaults that happened in 1930’s; to provide mortgage lenders with adequate insurance; and to help stimulate the housing market by making loans accessible and affordable. Nowadays, FHA loans are very popular, especially with first-time homebuyers. The U.S. Government offers the FHA loan program to make home-buying more affordable. These loans have a lower down payment requirement (3.5% vs. 5%) and generally offer a lower interest rate compared to a conventional loan.

    VA – A VA loan is a mortgage loan in the United States guaranteed by the U.S. Department of Veterans Affairs (VA). The VA loan was designed to offer long-term financing to eligible American veterans or their surviving spouses (provided they do not remarry). The advantage of this program is that the veteran can usually secure this loan with a 0% down payment.

    What items do I need to apply for a loan?

    • Current pay stubs covering the most recent 30 day pay period
    • W-2’s for the last 2 years
    • Tax returns for the past two years
    • Bank statements for the past two months
    • Investment/retirement account statements for the past two months


  • Refinance a Home

    Do you know if you have the lowest rate there is?  Has your credit score improved enough so that you might be eligible for a lower-rate mortgage? Would you like to switch into a different type of mortgage?  We can help you answer these questions.

    When you refinance, you pay off your existing mortgage and create a new one. You may even decide to combine both a primary and second mortgage into one new loan.

    You may want to consolidate all of your outstanding debt into a single payment. This can free up cash flow and simplify paying bills.

    Want to shorten your amortization? You can reduce the term of your loan from 30 years to a 25, 20, 15 or 10 year term and saving money on the total interest you pay over the life of the loan.

    Determining your eligibility for refinancing is similar to the approval process that you went through with your first mortgage. We will consider your income and assets, credit score, other debts, the value of your property and the amount you want to borrower.

    What items do I need to apply for a loan?

    • Current pay stubs covering a 30 day period
    • W-2’s for the last 2 years
    • Tax returns for the past 2 years
    • Bank statements for the past 2 months
    • Investment/retirement account statements for the past 2 months
  • Home Equity & Improvement Loans

    Take advantage of the equity you’ve built in your home. Most likely, your home is your largest asset. So put it to work. Do you want to improve the value of your property? Are you facing college tuition? Perhaps you want to consolidate your high-interest debt?

    Home equity loans allow you to borrow against the value of your home. These loans appeal to borrowers who find that they can borrow relatively large amounts of money and they’re easier to qualify for than other types of loans (because they are secured by your home). Whether replacing your roof, air conditioner or furnace, remodeling your kitchen, adding a deck, or giving your home that spruced up look, a home improvement loan can make it happen.
    Features include:

    • Fixed Interest Rate
    • Fixed Term
    • Competitive Rates
    • Up to 80% of the Value of Your Home
    • No Annual Fee
    • No Application Fee
    • Quick Approval
    • Manageable and Predictable Payments
    • Reduced Rate for Automatic Debit of a CNB St. Louis Bank Account
  • First Time Homebuyer- Hope Loan

    CNB St. Louis Bank is partnering with Beyond Housing, a not-for-profit agency to offer first time home buyer assistance with a Home Ownership Program and Education Mortgage. Our HOPE mortgage program targets low to moderate income families looking to purchase their first home in St. Louis City or St. Louis and St. Charles County.

    CNB HOPE Mortgage loans are specifically designed to assist firs-time homebuyers who have low to moderate income. Applicants will have to successfully complete homebuyer education counseling and classes provided by Beyond Housing, a not-for-profit agency. Our HOPE program targets first-time home buyers who have limited or no credit history, however first-time home buyers that have an existing credit history who meet the income and education requirements are also eligible.


    To assist HOPE Mortgage applicants from the City of St. Louis, CNB St. Louis Bank also offers a grant to first time home buyers. Assistance is limited to 3% of the purchase price with a maximum of $3,000 for owner occupied properties located in the city of St. Louis.



  • Home Construction Financing

    You can’t find the right location or style and now you’re thinking that it’s time to build that dream home.   Unlock your home-buying power with a home construction loan from CNB St. Louis Bank. Our competitively priced loans and financing options can put you in your dream home sooner than you think.

    Features include:

    • Competitive Variable Rate for the Term of Construction
    • Easily converts to any of CNB St. Louis Bank’s permanent mortgage programs
    • Amount of Credit can be up to 80% of the Value of the Property
    • Reduced Rate for Automatic Debit of a CNB St. Louis Bank Account.