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Mortgage Loans

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At Reliance State Bank we understand the value of home ownership. Our knowledgeable lenders welcome the opportunity to visit with you about the possibility of your new home becoming a reality. From the initial application to the final closing papers, you can rely on us for guidance throughout the entire mortgage process.  

Fixed-Rate Mortgages

If you are planning to stay in your new home for more than five years, a Fixed-Rate Mortgage may be the right option for you. A fixed rate mortgage helps ensure your principal and interest payments will not increase over time.

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Adjustable-Rate Mortgages

A Reliance State Bank Adjustable-Rate Mortgage may be the right choice if you expect to be in your home for less than five years, or you expect that mortgage rates will decline over time.  With an Adjustable-Rate Mortgage, monthly payments could be lower than a Fixed-Rate Mortgage for the first few years.  Please contact us if you are interested in an adjustable-rate mortgage.

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Home Construction Loan Special- Building in Progress

Talk to one of our lenders to take advantage of this limited time opportunity. You'll receive:

  • 2.49% Interest Rate* (4.58% APR)
  • $500 off your closing costs** (1% loan origination fee applies in addition to normal closing costs)
  • One-on-one guidance from a local lender throughout the process
  • A convenient application process & responsive communication
  • Exceptional service from a bank that has been supporting Iowans for 94 years

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Contact a Mortgage Specialist

Reliance State Bank Story City Branch

Story City Lenders

Sheryl Phipps, Vice President

  • (515) 733-4396
  • NMLS 580497

Denise Fosse, Assistant Vice President

  • (515) 733-4396
  • NMLS 744780

Grant Severson, Assistant Vice President

  • (515) 733-4396
  • NMLS 2305256
Contact Us 

Reliance State Bank Garner Branch

Garner Lenders

Nathan Dykstra, Vice President

  • (515) 923-2801
  • NMLS 1113596

Damon Quandt, Assistant Vice President

  • (641) 923-2801
  • NMLS 1438196
Contact Us


If you would like to request a paper application, please stop by or call us at 515-733-4396 in Story City or 641-923-2801 in Garner.

*Interest rate of 2.49% (4.58% APR) is fixed for the term of 12 months for the construction loan phase only. Interest is paid monthly with a balloon payment of principal & remaining interest at the end of 12 months. Monthly payment example: monthly interest only payments on a construction loan of $300,000 would be $634.44 per month with one final payment of $300,634.44. Payment does not include taxes or insurance. Loan to value restrictions will apply. Origination fee of 1% will apply in addition to normal closing costs. This is a limited time offer and may be withdrawn at any time. Subject to loan approval. Borrower is required to maintain property insurance. Offer is for single family primary residence loans only.

**Certain restrictions may apply. Reliance State Bank will give the lender closing costs credit of $500 at the time of loan closing at Reliance State Bank. Offer valid for real estate home construction loans only.

In some cases, interest paid on mortgage loans is tax deductible. Consult your tax advisor regarding tax advantages.

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