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State Bank of Lincoln
REMINDER - Please complete employer phone numbers for the borrowers on the 1003 and in MortgageBot.
Rural Housing Loan Update!
State Bank of Lincoln will purchase RD loans with credit scores of 620+. Additionally, there will be a minimum loan amount of $30,000 for all RD loans. These changes are effective immediately. Please see the rate sheet for updated price adjustments.
CLOSING DISCLOSURE: State Bank of Lincoln and it's investors are requiring a 2nd Closing Disclosure to be signed on the note date at closing. We understand this is not required by the regulation but is considered "best practice".
Please check your Assignment of Mortgages to SBL. They should be reading that they are assigned to SBL, not CHASE/FREEDOM MORTGAGE!! If you are having this issue, please contact your document provider!*
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