Lowry State Bank is a locally-owned and family-owned community bank and we’ve been serving the area since 1899.  Our motto, “Small town bank...BIG on service”, demonstrates how proud we are to provide great service every day to every customer.  Our success comes from taking care of our customers in a way that we ourselves would want to be taken care of.


Though we’re a small-town bank, we are able to provide “big bank” products and services to our customers.  And, because we’re locally-owned, we can make all of our decisions in-house and provide you with custom options to suit your needs.  One of the areas where our unique abilities are evident is in real estate lending.


Real Estate Lending is an extremely competitive market.  There are many lenders out there with many loan products; however, few are cost-effective and no one will work as hard as we do to deliver the loan product that best meets your needs.  Lowry State Bank has a wide variety of Real Estate Lending products and the flexibility to tailor them to your specific situation. 


Apply Now!

Get the ball rolling; apply online for a Lowry State Bank Mortgage!  Once we receive your application, our knowledgeable Residential Lender will contact you.



If you'd prefer to complete a paper application, you may download one here:  Home Loan Application


Helpful Application Tools:

Mortgage Qualifier Calculator - Find out how much you can afford!

Checklist for a Home Loan Application - Gather this information before meeting with one of our lenders!



Conventional Mortgages

  • As low as 3% down payment for First-Time Homebuyers
  • As low as 5% down payment for other options
  • Second homes, vacation homes, and investment property options
  • Fixed rate products, ARMs, and cash-out refinances


Rural Development (USDA)

  • 30-year fixed
  • No money down
  • Primary residence only
  • 6% maximum seller contributions
  • Gift funds are OK
  • $81,200 maximum annual income
  • $35,000 loan minimum
  • Guarantee/Funding fee of 2.75%
  • Annual servicing fee on loans


Veteran’s Administration (VA)

  • 100% financing
  • Loan amount dependent on Certificate of Eligibility, Entitlement status, and Previous VA loans
  • Must be a veteran (active duty, active reserve or national guard, unremarried surviving spouse, or POW/MIA spouse)
  • Higher debt-to-income ratios allowed (dependent on credit score)


Federal Housing Administration (FHA)

  • As low as 3.5% down payment ($271,050 loan maximum)
  • Up Front Mortgage Insurance Premium of 1.75% (added to loan)
  • Monthly mortgage insurance premiums required (depends on term)


Jumbo Loans

  • 10, 15, or 30-year fixed; ARM options available
  • 20-25% down payment required
  • $417,001 loan minimum
  • $1,500,000 loan maximum (depending on credit)
  • 6% maximum seller contributions
  • Primary and secondary residences eligible


Home Ready

  • 30-year fixed
  • 680+ credit score
  • 3% down payment (gifts are allowed)
  • 3% seller contributions
  • $54,160 maximum annual income
  • Low mortgage insurance premiums
  • Primary residence only


Additional In-House Real Estate Loan Products

  • Residential real estate
  • Home equity loans
  • Home Equity Lines of Credit (HELOC); variable rate
  • New construction
  • Manufactured and Modular homes
  • Land loans
  • Commercial real estate
  • Agricultural real estate loans


*Programs listed subject to change and availability