Ready Reserve (Overdraft Protection)

Eliminate the needless expense and embarrassment of overdrafts with our Ready Reserve line of credit. Automatic advances are made from your Ready Reserve Line of Credit into your checking account when your account is overdrawn. Pay all or part of your Ready Reserve balance at any time, or let Ready Reserve make automatic payments for you each month.

Home Equity Loans

Fix it! Remodel it! Consolidate it! Trade it! Use the equity in your home for convenient, all-purpose borrowing. Benefits include flexible rates and terms, along with the potential tax deductibility of interest (consult your tax advisor for details). Regardless of the purpose of the loan, Marion County Bank’s home equity loans can give you the borrowing power you require, for the things you need.

Home Equity Lines of Credit (HELOC)

Have the flexibility to buy what you need, when you need it! With a HELOC from Marion County Bank your home's equity can work for you when it’s time for:

Vehicle Loans

Whether you are looking to upgrade your car, pickup, motorcycle, boat, camper, or recreational vehicle, Marion County Bank has the loan for you. Take advantage of our competitive rates and fast turn around times.

Personal Loans for any Reason

If you find yourself needing money for any of the following reasons (or others we haven’t thought of), we can help. Weekly, bi-weekly, monthly, or bi-monthly payment plans can be customized to fit your lifestyle and budget.

Student Loans

We work with Iowa Student Loan to offer private loans to help you pay for college as well as refinance existing student loans. As an Iowa non-profit and the state’s student loan experts, Iowa Student Loan offers competitively priced loans.*

The Partnership Advance Education Loan (Partnership Loan) and College Family Loan were created to help you pay college costs while you are or your student is in school. With these loans, you know what you're getting before you apply as all terms and conditions, including credit score requirements for specific rates, are provided upfront.

• The Partnership Loan is for students and their cosigners.
• The College Family Loan is for parents, family members and others who wish to borrow on behalf of a student.

The Reset Refinance Loan can help you simplify repayment or pay lower interest costs on existing student loans after college. Find the rates and payments you qualify for by completing their online pre-qualification tool to see how you could benefit.

These loans are subject to credit approval.

Tools and Tips to Help Minimize Borrowing

Take advantage of Iowa Student Loan’s free planning tools while planning for college and before applying for student loans to:

• Avoid overborrowing
• Explore jobs and potential earnings for graduates of specific majors.
• Estimate total college costs for four years of undergraduate students.

Before applying for a private loan, be sure to complete the FAFSA, or Free Application for Federal Student Aid, first. You should also work with our college financial aid office to explore and exhaust all sources of student financial aid before seeking a private student loan.

About Iowa Student Loan

Iowa Student Loan was established in 1979 as a private, nonprofit corporation, and its mission is to help Iowa students and families obtain the resources necessary to succeed in postsecondary education.

*Marion County State Bank is compensated by Iowa Student Loan for the referral of student loan customers.

Fixed Rate Mortgages

A mortgage where the interest rate is locked for the entire term of the loan.  Typically, 15, 20, or 30 years are standard options.

Adjustable Rate Mortgages (ARM)

A mortgage where the interest rate is locked for one, three, five or seven years and then will adjust each year remaining.

Refinance Your Mortgage

Whatever your goal is for refinancing your mortgage, our experts can help you find potential ways to:

• Lower your monthly payment
• Consolidate debt
• Pay off your mortgage sooner
• Get cash out of your home

Refinancing that's right for you:

Our no closing cost refinance loan is the popular choice for refinancing without paying closing costs.  Contact Diane or Ryan about a no closing cost refinance today!

Prequalify Now - Complete our online form to get your refinance started.

Refinance Rate Watch - Fill out this form to be added to our refinance rate watch list.  When rates hit your desired target, we'll contact you.

Construction Loans

A line of credit that you draw from to cover the costs of building a new home.  Interest accrues on only the money you have drawn. These loans feature unlimited draws within your credit line - and competitive rates and minimal paperwork!

First-Time Homebuyer Savings Account

A First-Time Homebuyer Savings Account (FTHSA) is a new type of savings account passed by the Iowa legislature to make purchasing a first home easier.  The law allows Iowans to make tax-deductible contributions into a First-Time Homebuyer Savings Account to be used for the purchase of a home.  Those who already own a home can open and contribute to an account for a designated first-time homebuyer and receive a tax deduction on Iowa state taxes too.

The FTHSA is a brand new account that will be available starting January 2, 2018 at Marion County Bank.  Consult your tax or legal professional for definitive legal guidelines and instructions or view the Iowa Legislature's State Senate File 505for details of the law.

Account Benefits at Marion County Bank:

Interest Earning -

• The FTHSA at Marion County Bank is interest earning.  Contact Customer Service for current rate.

Iowa Tax Benefits -

• The account holder may claim a deduction for Iowa individual income tax made during the year by the account holder.  The amount deducted may not exceed $2,000 a year.  Married taxpayers who file a joint return may deduct up to $4,000 a year if the FTHSA is opened and maintained as a joint account.
• Interest earned on account balances is also exempt from Iowa income tax.
• The state of Iowa tax deduction for account contributions is available for up to ten years.
• The annual deduction limits are adjusted annually for inflation.  

Home Purchasing Navigation -

• Purchasing a first home is an exciting and often daunting process.  Our Home Loan experts at Marion County Bank are available to help you or your account beneficiary walk through the steps of account opening, loan pre-qualification, and mortgage product guidance.  Contact Marion County Bank to start the home purchasing journey.

Other Loan Products

We also provide Rural Development Loans, First-Time Homebuyer Loans, Federal Housing Administration (FHA) Loans, and VA Loans for Veterans.