Personal Lending

LCFB offers a variety of personal loan products.
Please contact us for more details.


LCFB wants to make your home loan experience as simple as possible. Our lending decisions are made locally and all loans stay in-house. LCFB offers low rates, in-house processing, expanded payment options and experienced lenders to guide you through the process.

  • New Purchase
  • Refinance
  • Construction
  • Home Equity

Fixed Rate Loans

A fixed rate mortgage is the most common type of mortgage product. A fixed rate loan provides the peace of mind of a set monthly principal and interest payment that does not change over the term of the loan. The loan balance is reduced monthly over the set term of the loan, and there is no prepayment penalty for making additional payments to the principal. Repayment terms are available up to 30 years.

Balloon Mortgage Loans

Unlike a conventional fixed-rate mortgage loan, in which monthly payments are calculated to fully pay off the principal balance by the end of the loan term, balloon loans are not fully amortized. They also tend to have shorter terms. You can make a lower monthly payment until the end of the loan term. A “balloon payment” of the remaining principal balance will be due.

To help you prepare for a mortgage loan at LCFB, the following documentation may be required:

  • A copy of a valid photo ID for each applicant
  • For a purchase, a copy of the fully executed purchase agreement
  • For refinance, a copy of your current mortgage statement and your current homeowner’s insurance policy
  • Most recent paystubs
  • Personal tax returns including W2s (2 years)

 Download a Mortgage Application


When you refinance, you take out a new loan to pay off the original loan and you may be able to borrow additional funds. It may be possible to lower your monthly payment or interest rate when you refinance with LCFB.

Home Equity

Is a change of season inspiring you to make a fresh start with your home? A Home Equity Loan from Lake City Federal Bank makes it easy to pay contractors and purchase supplies for your home renovation project using the equity in your home.

Home Equity Line of Credit

A Home Equity Line of Credit (HELOC) is a great way to make the equity in your home work for you. Whether you are looking to improve your home, pay for your child’s college tuition, or simply need funds to pay for an unplanned expense, a HELOC may be the answer. Access funds as you need them and only pay interest on the portion of the line you use.

To help you prepare for a Home Equity Loan or HELOC at LCFB, the following documentation may be required:

  • A copy of a valid photo ID for each applicant
  • Most recent paystubs
  • Personal tax returns including W2s (2 years)

Download a HELOC Application Download a HELOC Booklet

Choose the plan that is best for you!
Loan TypeHome Equity LoanHome Equity Line of Credit (HELOC)
Features Get the money now in a single lump sum. Lock in your rate and monthly payment amount. Get approved for a certain amount and access the money as you need it. It serves as a reusable line of credit.
Interest Rate Fixed Rate Variable Rate
Easy Access to Funds Receive the full lump sum of money Request funds from your HELOC to your checking or savings account.
Minimum Loan Amount None $5,000

All loans are subject to credit approval. Property insurance is required. 


LCFB offers construction to permanent financing. As a locally-owned community bank, LCFB works with our customers to provide flexible loan terms that meet your needs.

How do construction loans work?

Funds are advanced as construction progresses. Inspections are done by bank staff and lien waivers are collected as bills are paid.

How does financing work when building a house?

Construction loans are set up with a 6 month draw period during which time interest only monthly is due. At the end of the 6 months the loan rolls automatically into regular monthly principal and interest payments. The interest rate is fixed at origination for the term of the loan.

To help you prepare for a construction loan at LCFB, the following documentation may be required:

  • A copy of a valid photo ID for each applicant
  • Most recent paystubs
  • Personal tax returns including W2s (2 years)
  • Building plans
  • Sworn construction statement along with bids

Download a Construction Loan Information Packet 

Real Estate

At LCFB, we have the experts who care about your journey and will help you achieve your real estate goals. We finance:

  • Recreational properties
  • Seasonal properties


As a community bank, we’re focused on the needs of the communities we serve and the people like you who live here. Our lending decisions are still made right here in town, by people who get to know you and your needs.  Give one of our Lenders a call today.

Installment Loans

Check with LCFB before financing your new or used vehicle, boat, motorcycle, ATV or camper. We offer excellent financing with a range of payment terms with no prepayment penalties. Plus, having your financing pre-approved can give you more options when deciding which purchase to make.

Unsecured Loans

Among our loan options, we offer unsecured loans that offer flexibility and can be very affordable compared to other financing alternatives. Visit with one of our lenders today to learn more about debt consolidating and your options at LCFB.

Share Loans

A Share Loan is a loan that uses a Certificate of Deposit (CD) as collateral. The interest rate is
2% over the CD rate. The term matches the CD term.

To help you prepare for a consumer loan at LCFB, the following documentation may be required:

  • A copy of a valid photo ID for each applicant
  • Most recent W-2 and paystubs

Download a Consumer Credit Application

Overdraft Protection

At LCFB, we understand that financial shortfalls happen from time to time and we want to give you options to use your account responsibly without overdrawing it. We offer Overdraft Protection to cover checking account transactions, up to an approved limit.

  • No annual fee
  • Available to qualified applicants
  • Funds from this revolving line of credit will transfer in increments of $100

Monthly payment amount is determined by the outstanding line of credit balance.

Agriculture Lending

LCFB is proud to partner with farmers and business owners with farming operations and ag-related businesses. Begin a conversation with an experienced ag lender!

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