Mortgage Financing Options
When you're buying a new home, building or remodeling, we have a variety of financing options that can help your dream of homeownership become a reality. We may even be able to help you avoid paying for PMI using a first and second mortgage loan combo.
We guarantee superior service and competitive rates. If you don't see a home financing product that you are looking for, or if the product you are looking for isn't available for an online application, please call one of our Residential Banking Officers and they will be happy to assist you.
Conventional Loans* (Fannie Mae & Freddie Mac)
With as little as 5% down, you may be able to purchase your dream home. Whether you are a first-time homebuyer or looking to upgrade to a larger space, there are a variety of conventional loans to choose from. Conventional loans can either be fixed or an adjustable rate and offer low closing costs and flexible payment options.Apply Now
For larger homes we offer fixed and adjustable rates for loan amounts in excess of conventional loan limits. Rates and terms are competitive and flexible. To apply for this product, contact the Banking Center nearest you.
USDA Rural Development Loans
Provides 100% financing for a home purchase, or refinancing in a USDA designated rural area. A new home could be within your reach with a USDA Rural Development Home Loan. These loans offer no down payment, affordable fixed rates and no private mortgage insurance. The loans also offer flexible credit and qualifying guidelines and are available for new or existing homes. USDA approved rural areas are located within a rural or suburban community, or a town of less than 10,000 – 25,000 residents, depending on your area. In fact, many USDA eligible homes are not located in rural areas at all, but in small suburban communities with populations of less than 25,000 residents. Many large metropolitan cities have suburban areas that qualify for the USDA mortgage program.Apply Now
The VA Home Loan Guarantee Program helps veterans purchase, refinance, or build homes through the VA. These loans are packed with money-saving advantages, including a no down payment requirement, and are designed specifically for the unique challenges facing service members and their families.Apply Now
With as little as 3.5% down, you may be able to get into a new home. FHA loans usually feature low down payments and attractive interest rates. They are available in fixed and adjustable rate options for qualifying borrowers. FHA loans are perfect for first-time buyers; low-to moderate income buyers; buyers with limited cash; and for those with minor credit problems.Apply Now
Whether you are building a new home or purchasing a home for renovation, we offer great home construction loan solutions. From construction to permanent financing, we can help you make informed decisions!Apply Now
A Bridge Loan is a short-term temporary loan used to secure a purchase until longer term financing is arranged. It can be used by someone to buy a new home before selling the old one. The Bridge Loan is secured to the buyer's existing home and provides the necessary funds to finance the new home with the intention it will be repaid with the proceeds from the sale of the old house. To apply for this product, contact the Banking Center nearest you.
Residential Lot Loans***
Residential Lot Loans allow you, with as little as 20% down payment, to purchase a single improved residential lot with the anticipation of building your new primary residence or second home within a short period of time. Then, when you're ready, we'll provide the construction and permanent financing as well! To apply for this product, contact the Banking Center nearest you.
These types of loans often offer consumers greater flexibility in the loan granting process, especially if you have a specific circumstance preventing you from obtaining a conventional loan. These types of loans contain both fixed and adjustable rate options.Apply Now
Low-to-Moderate Income Loans
We want to help meet the needs of our community. That's why we offer this type of loan to specifically meet the needs of low to moderate income households. These loans have lower down payment requirements, flexible underwriting, and are compatible with down payment assistance programs. These types of loan programs often allow gifts from family members and friends.Apply Now
Home Equity Line of Credit
You've put a lot of money into your house...It's time for it to return the favor. A Home Equity Line of Credit can help you take a vacation, send your kids to college, fund major purchases or consolidate those high interest credit cards. No matter where you have your home loan, we can help. Plus, we offer quick credit decisions, low closing costs and flexible payment options. You may also benefit from interest that may be tax-deductible.
Subject to credit approval. Consult your tax advisor regarding deductibility of interest. Home Equity Lines of Credit are only available in Missouri and Illinois.
Home Equity Loans
A Home Equity Loan can help you combine debt into one lower monthly payment; make home improvements; go on that dream vacation; buy a new car or fund a major purchase.
- Enjoy the security of a fixed rate and fixed payment schedule.
- Get all the money at once and then pay it back in predictable, fixed monthly payments.
- Know when your loan is paid off.
- Benefit from interest that may be tax-deductible. Consult a tax advisor regarding deductibility of interest.
*As an illustration, a conventional transaction with a $100,000 purchase with 5% down will create 360 monthly payments of $474.32 for a 30-year fixed rate loan. Its APR would be 4.95%. Payment excludes taxes and insurance. Actual payment may be greater.
**As an illustration, an FHA transaction with a $100K purchase with 3.5% down will create 360 monthly payments of $500.55 for a 30-year fixed rate loan. Its APR would be 5.68%. Payment excludes taxes and insurance. Actual payment may be greater.
***As an illustration, a residential lot loan for home construction with a purchase price of $35,000 and 20% down will create 60 monthly payments for a 5-year fixed rate loan. Its APR would be 5.54%. Other loan terms are available. Ask your lender. Payment excludes taxes as they are not escrowed. Actual payment may be greater.
****Subject to credit approval.