FDIC: Failed Bank Information – Bank Closing Information for. – VI. Loan Customers. If you had a loan with Sanderson State Bank, you should continue to make your payments as usual. The terms of your loan will not change under the terms of the loan contract because they are contractually agreed to in your promissory note with the failed institution.
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Land Loans – Sanderson Real Estate – Private lenders as well as texas veterans land Board (TVLB) will make land loans in the Sanderson area. Private lenders have been asking for about 20% down, 6.5% interest, on 10-15 year loans. As of this writing, TVLB is asking 5% down, 7.25% interest, on 30 year land loans of up to $150,000.
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