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MORTGAGE LOANS



  • Fixed Rates -- Term can vary from 10-30 years with a fixed interest rate

  • FHA -- Typically used for first time homebuyers, but can be used by anyone with a
    minimal down payment.

  • IFA -- First time homebuyer program with a government grant available for down payment and closing costs.

  • Adjustable Rate Mortgages -- Available to all borrowers with a variable interest rate that is generally less than fixed rate mortgages.

  • Construction Loans -- A loan that is used to build a new home. Construction Loans will be turned into a term loan at completion of property.

  • Bridge Loans -- Use the equity in your residence listed for sale for a down payment or for the purchase of a new home. Loan will be paid off with the proceeds from the sale of the home.

 

 

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Contact a loan officer at any of our locations for more information   
Marion | Delhi | Hiawatha


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