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 Evansville Teacher's Credit Union we offer a variety of loan programs and up to $2,000 in closing cost assistance* to suit the needs of first-time homebuyers, experienced homebuyers, those planning to build. Learn more about our free construction financing that is available!

Conforming Loans

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

FHA loans are insured by the Federal Housing Administration. These loans are designed to help first-time homebuyers and experienced homeowners alike.

USDA Loans

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

VA loans are designed to provide long-term home financing to active military members and veterans.

Jumbo Loans

A jumbo loan, also known as “non-conforming,” is typically larger than $484,350 for a single family home, and exceeds the limits set by Fannie Mae and Freddie Mac.

Single Loan Close Construction Program

A single loan covers your construction costs and mortgage. One loan. One closing. One easy process.

Purchase Calculator

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.

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* Up to $2,000.00 in closing cost assistance is based on using a Reinbrecht Homes approved lender. Pre-paids not included. Must use a Reinbrecht Homes approved lender, and meet all lender requirements.

Let’s talk about your home.

Whether you have questions or just want more information, we are always here to help!

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