Loans


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.

Commercial Lines of Credit

Types Offered / Purpose

Funding cash flows.

Description

Loans for short-term to business customers.


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.


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. 

   The bank is approved to offer SBA loan products under SBA's Preferred Lender Program.


Land Loans

Types Offered / Purpose

To develop property.

Description

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

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.


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.


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.


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.


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.

Term Real Estate Loans

Types Offered / Purpose

To purchase or refinance homes or for debt consolidation.

Description

For residential property


Interim Real Estate Loans

Types Offered / Purpose

For new building construction

Description

For customers building a new home.

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.

* All loans are subject to approved credit