American State Bank & Trust recognizes the pride that comes with home ownership and maintenance as well as the importance of providing capital for commercial buildings, farm operations and land acquisitions. We offer a full range of mortgage financing options at competitive rates, all designed to fit a variety of lifestyles and needs. Customers will find many types of loans: Conventional Mortgage loans, Construction loans, Commercial Real Estate loans and Home Equity loans.
American State Bank & Trust Co. NMLS# 407966
Conventional Mortgage Loan
Conventional Loans require a minimum down payment based on the purchase price or appraised value, whichever is less.
Featuring low down payment and easier qualifying requirements
First Time Homebuyers through ND Housing Finance Agency
Lending options for low to moderate income first-time buyers
The ND Roots Program through ND Housing Finance Agency
Offered for moderate-income based buyers who may have previously owned a home.
VA Loans to Veterans
Mortgage loan guaranteed by the US Department of Veterans Affairs (VA). Designed to offer long-term financing to eligible American veterans or their surviving spouses (provided they do not remarry).
USDA Rural Development Guaranteed Loans
Provides a path to homeownership for low and very low-income families living in rural areas, and families who truly have no other way to make affordable homeownership a reality.
Home Equity Loans
Qualified home owners may borrow up to a pre-determined percent of their appraised value.
Home Equity Line of Credit
Our flexible, low-cost line of credit can help you manage your money better. It’s an easy way to cover home improvements, college expenses, wedding expenses, vehicle purchases or pay for that dream vacation. It’s also a sensible way to pay off higher-rate loans and credit card debt.
Construction loans are available to qualified applicants looking to build your dream home, whether you do it yourself or use an approved contractor.
Commercial Real Estate Loan Mortgages
We have favorable rates and terms available to help finance your business property.
All programs are available to qualified borrowers, on approved credit.