Home Financing Options
There are many decisions to make when buying a home. We like to make selecting a loan program one of the easier decisions. In partnership with The Federal Savings Bank we offer a variety of loan programs and up to $3,000 in closing cost assistance* to suit the needs of first-time homebuyers, experienced homebuyers, those planning to fix up a home and those building new.
A conforming loan is a mortgage loan that follows or “conforms” to Fannie Mae and Freddie Mac established guidelines for the size of the loan and your particular financial situation.
FHA loans are insured by the Federal Housing Administration. These loans are designed to help first-time homebuyers and experienced homeowners alike.
USDA Guaranteed Rural Housing Loans are 30-year mortgages. Not just for farmers, USDA Loans also help families finance homes in rural areas.
VA loans are designed to provide long-term home financing to active military members and veterans. The Federal Savings Bank is owned and operated by veterans who understand the transition from soldier to civilian.
A jumbo loan, also known as “non-conforming,” is typically larger than $453,100 for a single family home, and exceeds the limits set by Fannie Mae and Freddie Mac.
A single loan covers your construction costs and mortgage. One loan. One closing. One easy process.
Purchasing a home is one of the biggest financial decisions you’ll ever make. With this purchase calculator, you can determine how much your monthly mortgage payments will be – which will give you a good idea of how to plan for the future.
By entering the purchase price of your new home, down payment amount, interest rate, mortgage term (in years), annual taxes, and homeowners insurance, you can instantly see your monthly payment amount. This will give you a clearer picture of how much “house” you can afford.
Let’s talk about your home.
Whether you have questions or just want more information, we always here to help!Apply Online