At bankHometown our team of experts is willing to take the time to find the right mortgage program for you. Check out our Fixed-Rate or Adjustable-Rate Mortgages, Construction Loans, and Loans Secured by a Condominium.
This product is ideal for people who feel more comfortable with a set monthly payment for the term of the loan. Flexible terms are available for this product, with points and without points. If you're looking for consistent mortgage payments, this is the mortgage for you. Please view our Rates and Disclosures for more information.
Your application for a fixed-rate mortgage must meet the guidelines as established by FHLMC in order to receive the rate quoted. Examples of applications that do not meet FHLMC guidelines may include, but are not limited to, the following: Construction/Holdback, Mobile Homes, loans secured by a Condominium and insufficient credit score.
Available for owner occupied 1-4 family homes only.
An adjustable-rate mortgage (ARM) features a variable interest rate, which is periodically adjusted based on the change in a financial index such as One Year LIBOR, plus a margin that is established prior to closing. Interest rate changes are limited or capped at each adjustment and for the life of the loan.
bankHometown offers an ARM program at an attractive initial rate and allows for the rate to move up or down based on a predetermined margin and a defined index. The bankHometown ARM also includes a periodic cap limiting the interest rate change from adjustment period to adjustment period as well as an overall cap limiting the initial interest rate increase and decrease over the life of the loan. bankHometown offers ARM programs with an introductory fixed rate period. ARM loans usually start at a lower rate than fixed-rate loans, which translates to greater purchasing power. Please view our Rates and Disclosures for more information.
If a lower rate to start is more appealing - consider an ARM. It allows you to start with lower payments that will adjust to market conditions at a future specified date. Periodic and lifetime caps are provided to protect you from market fluctuations.
Flexible Terms
Zero Point Options Available
1-4 Family, Non-Owner Occupied and Construction mortgage rates differ from Owner Occupied rates
bankHometown offers a variety of construction / permanent loan options when you're planning on building a new single family home. We have the product to meet your homebuilding needs. Flexible terms and competitive interest rates make your payments affordable during the construction of your new home and after you move into your new home.
bankHometown offers a construction loan with "interest-only payments" during the construction phase. Interest is only based on the portion of the loan as it is advanced. Upon completion of the home, the loan converts to a fully amortizing mortgage without the need of a second closing.
One Closing
Adjustable Rates
Flexible Terms
Zero Point Options
By using a condominium unit or property as collateral to secure the loan, this product is ideal for people who feel more comfortable with a set monthly payment for the term of the mortgage. Flexible terms are available for this product, with points and without points. Please view our Rates and Disclosures for more information. If you're looking for consistent mortgage payments, this is the mortgage for you.