Mortgages, HELOCs and other financing

We want to not only give you great rates when you borrow money, but also want you to know that we will be here for you, for the life of your loan.

It is important to have the option to stop in and talk directly to a loan officer.  If you would rather email or call, we do that too.  We do not sell your loan.  We do not sell the servicing on your loan.  You will never have to call a toll-free number and get lost in a phone chain to find an answer.

We have been serving our community in Crawford county for over 130 years.

Here are some of our services we are happy to provide to our customers.

Picture of HouseHome Purchase, Refinance, or Lot Loans

When you are looking to purchase or refinance a new home PSALC offers

  • Some of the lowest closing rates in the area.
  • Home purchases as low as 3% down for qualified customers.
  • Preapprovals are available to help you feel confident in purchasing that new home.
  • Competitive interest rates.

Construction Loans

Construction Permanent loans are loans that allow you to pay interest only during the construction phase and then the loan automatically transition into your full monthly payment after construction is finished.  This loan also offers

  • Some of the lowest closing rates in the area.
  • Competitive interest rates.

Fixed Rate Loans

The main advantage of having a fixed rate loan is that your payments won’t change due to the interest rates changing.

Adjustable Rate Loans

This type of loan may be a good idea if you are going to only have the property for a short time.  It may also reduce or increase your payments depending what the interest rate is in the index.

Home Equity Loan

Do you need a ‘Home Equity Loan’ for a needed repair or expense?  With this type of loan you can use the equity you’ve built up in your home to pay for unexpected repairs or expenses.


This is a ‘Home Equity Line of Credit’.   This allows you to take money out and then as you pay it back you can take more money out.  It is like a credit card that uses the equity in your house to borrow money.  This can be a great way to pay for expenses or remodeling costs.

Portfolio Loans

These are loans held in house by the bank for the life of the loan.  In the current environment of banking this is rare to find.  We want to let you know that all of our loans are portfolio or in-house loans.  We do not sell the loan or the servicing of your loan.  You will always be able to stop in, call, or email us with any questions.

Bridge Loans

This is a Home Loan that allows you to use the equity in your existing home to purchase your new home.

Electronic Documents
If you would like to receive Mortgage documents electronically and have spoken to a loan officer, click here to request electronic documents.

Feel free to use the mortgage calculator

PSALC Logo on Brick BackgroundWe’re here to help answer your questions.  Feel free to call us @ 419.562.6896, drop by, or just fill out this form and we will get back to you soon.  We are happy to help you no matter how you wish to communicate.

Mortgage Loan Calculator
Enter a "0" (zero) for one unknown value above.