One of the most
important assets you may have is your home. Whether it's a mortgage
loan to buy, build, remodel or refinance, we can provide you with a
high level of personal care and support for you specific needs.
We offer basic Fixed-Rate
Mortgages with a minimum down payment of 10%, terms up to 30 years,
low closing costs, and no point charges.
Our 3-year Adjustable-Rate
Mortgage offers you all the features of a fixed rate loan combined with
the value of an adjustable-rate mortgage. Start with a low initial fixed
rate for the first three years. The rate will then adjust every three
years. Periodic rate caps limit the maximum allowable increase or decrease
when the rate changes, and a lifetime cap limits the maximum allowable
increase or decrease in rate over the life of the loan.
are available in both fixed rate and adjustable rate mortgages. Interest
is paid monthly on the amount of credit outstanding during the construction
period followed by a regular amortizing payment schedule. There is no
need to refinance after the end of construction.
Open End Advances
loan customers may be able to borrow additional funds up to the original
balance of their mortgage loans under the provisions of an Open-End
Advance Agreement. The combined total of the advance plus the current
balance on the existing mortgage loan cannot exceed the original amount
of the mortgage. There is no title examination charges or appraisal
fees required. We will retain the original mortgage as collateral and
set up an additional loan and payment schedule. The interest rate on
the advance will be the current interest rate in effect for new loans.
For more information
or to apply for a loan, please contact us!