Loans


AGRICULTURAL

Guaranteed Farm & Ranch Loan Program
Types Offered / Purpose Government guaranteed operating loans
Operating loans-lines of credit
Farm ownership loans
Description

The Bank offers government guaranteed loans through the Farm Service Agency (FSA) to eligible applicants who will operate family-sized farms and ranches.

* All loans are subject to approved credit

 

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BUSINESS LOANS

Commercial Lines of Credit
Types Offered / Purpose Funding cash flows.
Description

Loans for short-term to business customers.

* All loans are subject to approved credit

Commercial Term Loans
Types Offered / Purpose

Expansion or modification of plant or equipment, refinancing a present debt, replenishing working capital depleted by previous expansion, and more!

Description

Term loans for qualifying real estate loans, with maturity greater than one year.

* All loans are subject to approved credit

Guaranteed loans to Commercial & Customers
Types Offered / Purpose

To improve, develop, or finance businesses, industry, and employment.

Description

Administered by the Rural Business Cooperative Service, a division of the USDA, Rural Development.
SBA Loans available.

* All loans are subject to approved credit

Land Loans
Types Offered / Purpose

To develop property.

Description

For development of property, usually when construction will proceed within 2 years of loan.

* All loans are subject to approved credit

 

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PERSONAL LOANS

Automobile Loans
Types Offered / Purpose To purchase or refinance a new or used vehicle.
Description

For new and used vehicles ranging from small cars to large trucks.

* All loans are subject to approved credit

Home Improvement Loans
Types Offered / Purpose

Add rooms to your home
Add/replace air conditioning and/or heating
Remodel your home
Add a swimming pool
Add a fence
Landscape your yard and more!

Description

A home improvement loan can be made for a variety of reasons.

* All loans are subject to approved credit

Mobile Home Loans
Types Offered / Purpose

To purchase or refinance a new or used mobile home.

Description

This loan is to finance mobile home purchases with or without land.

* All loans are subject to approved credit

Furniture and Appliance Loans
Types Offered / Purpose

To purchase furniture and/or appliances.

Description

We make loans for customers to purchase furniture and/or appliances for their home.

* All loans are subject to approved credit

Recreational Equipment Loans
Types Offered / Purpose

To purchase recreational vehicles.

Description

Purchase or refinance new or used campers, travel trailers, fifth wheels, RV, boat, boat motors, boat trailers, and motor homes.

* All loans are subject to approved credit

 

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REAL ESTATE

Term Real Estate Loans
Types Offered / Purpose

To purchase or refinance homes or for debt consolidation.

Description

For residential property

* All loans are subject to approved credit

Interim Real Estate Loans
Types Offered / Purpose

For new building construction

Description

For customers building a new home.

* All loans are subject to approved credit

 

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Prompt Crediting of Loan Payment

For consumer loans secured by the borrower's principal residence, all loan payments must be accompanied by the account number or payment coupon provided.  Loan payments must be sent to Western Bank, P.O. Box 5100, Alamogordo, NM 88311.  Loan payments may also be made in person to Western Bank personnel at any of our branch locations.  Payments must be received by 5:00 pm MST, Monday - Friday, except bank holidays, to be credited as of that date.  All other payments received will be credited as of the next business day, or as otherwise permitted by law.

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