The first step in acquiring a mortgage loan is to decide how much you can afford. As a general rule, your mortgage payment should not exceed 28% of your gross monthly income. To calculate your borrowing potential, divide your monthly mortgage payment by your gross monthly income (amount earned prior to taxes).
Here's a list of our current mortgage options.
Click here for our most current mortgage rates.
Fixed Rate Mortgages
Fixed rate means your payment remains fixed during the term of your mortgage.
Requires a Very Low Down Payment
Down payments of less than 20% require Private Mortgage Insurance (PMI)
Our calculator page can help you estimate an affordable
payment
Refinance With A Lower Rate
When refinancing your existing mortgage, you can reduce your payment and save money on the interest paid. Talk with our knowledgeable staff about your options
Our calculator page can help you estimate an affordable
payment
First Time Homebuyers Program
First time homebuyers with a household income of $36,500 or less can qualify for a maximum loan of $47,500
Requires a very low down payment
Offers more liberal borrowing guidelines
Includes reduced closing costs
Construction - Permanent Mortgages
This affordable program will help you build your dream home
Allows up to a year for completing construction
Provides a locked-in rate at the time of application for the life of the loan
Offers a one-time closing that saves time and money
Save money with NO points
Jumbo Mortgages
For borrowing amounts in excess of $417,000 with fixed and variable rate options available
Pre-Qualifying For Mortgages
Learn how much you can afford to borrow before shopping for your home. Contact a Bank Representative who will ask a few questions to determine your mortgage amount. We will provide a confirmation letter that you can share with your realtor.
|
