Liberty National Bank Real Estate Loans

Competitive rates -- low fee structure -- quick and local loan decisions -- unparalleled service.
Topics covered in this section include:

Types of Real Estate Loans

Liberty National Bank offers:
  • Conventional (Fixed Rate) Mortgage Loans*

  • “Traditional” type of loan maintains its original interest rate throughout the entire life of the loan. (Any change in monthly loan payments will be due to increases in other charges like insurance or taxes that will naturally occur over time.) Fluctuations in market rates, over the term of your loan, won’t have any impact on the amount of interest you pay because that rate is already “fixed.” Fixed rate mortgage loans come in 10, 15, 20 and 30-year terms.
  • Adjustable Rate Mortgage Loans*

  • While the name of this type of loan almost says it all, there are certain things about Adjustable Rate Mortgages (ARM’s) that you should know. Because ARM’s are subject to rate adjustments later on, the initial interest rate is set lower than standard fixed rates. This rate provides you with initial lower payments or increased purchasing power. First-time homebuyers no longer tend to stay in their “starter” home for 30 years and experienced homeowners often plan to pay off their mortgage loan before the 30-year maturity date. Both of these types of customers may benefit from choosing an ARM product with an initial fixed rate period that corresponds with the amount of time their loan is expected to be outstanding.
  • Unique Loans*

  • If your needs don’t fit within the framework of more traditional loans, we have some other options for you:

    USDA Guaranteed Loans: In order to be eligible for a USDA loan, household income must meet certain guidelines. Also, the home to be purchased must be located in an eligible rural area as defined by USDA. Benefits of the program include:
    • No Down Payment
    • 30 year fixed rate
    • Closing Costs can sometimes be financed

    Welcome Home Program: The Federal Home Loan Bank of Cincinnati has established a set-aside of Affordable Housing Program (AHP) funds to help create homeownership. These funds are available as grants to assist homebuyers under the Welcome Home Program.
    Contact one of our loan specialists for more information.
  • Construction Loans*

  • Favorable construction period available
    Pay interest only during construction
    Draw-system: money released as construction progresses
    Option available to roll construction loan into permanent mortgage upon completion and issuance of Certificate of Occupancy
  • Home Equity Loan*

  • Home Equity Loans can be used for almost any purpose. Low fixed rate.
  • Home Equity Line of Credit*

  • A Home Equity Line of Credit is ideal for the person who will pay back the loan more quickly than required or who wants an available line of credit for other purposes. This line of credit can be used over and over again. Variable rate tied to Prime rate as disclosed daily in the Wall Street Journal. Closings costs are paid by Liberty National Bank.
  • Vacant Land*

  • Vacant land loans are not offered at all banks, but the Liberty National Bank will help you finance vacant property. If you plan on building your home on this land in the near future, a construction mortgage may work for you as well. Competitive terms available.
*All loans subject to Credit Approval.

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Licensed Loan Representatives

Expect the Best.® from Liberty Loan Representatives: quick and local loan decisions and unparalleled service.

Our Mortgage Loan Originators have registered with the NMLS in compliance with the SAFE Act of 2008. Another assurance that, with a mortgage from Liberty National Bank, you can Expect the Best®.

The S.A.F.E. Mortgage Licensing Act is a major component of the 2008 Housing and Economic Recovery Act, which requires all mortgage loan originators to register with a Nationwide Licensing System (NMLS) and Registry, satisfy pre-licensing education and more.

All registered mortgage loan originators receive a unique identifier number is to track MLO business activity, examination status and pre-licensing education reporting. The NMLS ID assures borrowers that a mortgage loan originator has passed criminal and credit background checks.

Liberty National Bank’s NMLS ID is 431551. Below is a list of each mortgage loan originator’s NMLS ID.
Angela Dawn Hersh
Vice President of Mortgage Lending, Mortgage and Consumer Lender
NMLS #: 466766
(419) 634-5015
Ada Office
Joyce Eileen Rostorfer
Assistant Vice President, Mortgage and Consumer Lender
NMLS #: 1004550
(419) 673-1217
Kenton Office
Evan A. Smith
Assistant Vice President, Mortgage and Consumer Lender
NMLS #: 577700
(937) 642-0467
Marysville Office
Corrine Suzann Mitchell
Mortgage and Consumer Lender
NMLS #: 555624
(937) 592-5688
Bellefontaine North Office
Laura M. Stimmel
Assistant Vice President, Branch Manager, Mortgage and Consumer Lender
NMLS #: 769696
(614) 948-7102
Westerville Office
Denyse Bayliss
Mortgage and Consumer Lender
NMLS #: 614438
(937) 593-9694
Bellefontaine South Office
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