Residential Loans

When looking for a mortgage loan to purchase or refinance a home, choose from the following:

Fixed Rate Mortgage
The interest rate and loan payment on a fixed rate loan will remain the same for the life of the loan. We offer any term up to 30 years.

Adjustable Rate Mortgages (ARMS)
The interest rate and loan payments will change, possibly going up over the life of the loan, however the initial interest rate and payments will be lower. This may be a good option if you are planning to move in the near future, say 3 - 5 years. We offer 1 (one) year ARMs, 3 year ARMs and a 5-1 ARM, which has a fixed rate for 5 years and then converts to a 1 (one) year ARM each year thereafter.

Balloon Mortgage
We offer a 7/23 mortgage loan which has a fixed interest rate for seven years. At the end of the seven years, the loan is due in full. At that time it will be necessary to refinance. The initial interest rate is lower than a regular 30 year fixed rate loan.

First Time Home Buyer Program
Our Home Ownership Program is designed specifically for the first time home buyer. Under this Program, a low downpayment of only 5% is required, half of which can be a gift or grant. The closing costs are minimal and the underwriting standards are tailored to fit the budget of a first time home buyer.

Home Purchase and Rehab Loans
Loans are available for customers wishing to finance the purchase and rehabilitation of a home. These loans are for owner occupied properties only. For more details, please contact a loan officer.

If you are looking for a loan to access the equity in your home, choose from the following:

Home Equity Line Of Credit
Open an EquityPlus line of credit account and use the equity in your house for home improvements, debt consolidation, a dream vacation, or even tuition. Monthly payments are interest only; leaving more cash in your wallet each month. Interest on this loan may be tax-deductible; please consult your tax advisor.

Home Equity Loan
Our home equity loans carry a fixed rate and range from 5 years to 15 years in length. Interest may be tax-deductible; please consult your tax advisor.

For more information regarding mortgage loans, please contact a loan officer at 513-244-6900 or via email.