Home Loans

Whether you are interested in a fixed rate loan, which often yields a lower rate, or a variable rate loan that will be serviced here at The Bank N.A. for the life of the loan, we can help pair you with the most suitable mortgage option. We’re prepared to accommodate the unique financial needs of local homebuyers with superior quality lending solutions and outstanding service. To begin the process, reach out to one of our trusted loan officers.

If you prefer predictable payments, borrow funds at a rate that will not change for the life of your loan. We offer a variety of fixed rate loan options to suit the diverse financial needs of prospective homebuyers. These long-term loans are originated at The Bank N.A. and sold to a secondary market investor after your loan is closed. We offer a variety of programs for homebuyers and owners through our investors. These include:
 
  • Conventional loans
  • FHA Government-Insured Loans
  • VA Government-Insured Loans
  • HUD Section 184 Loans
  • USDA - 100% loan
 
 
 

Conventional Loans

Often recognized as the most common home financing option, conventional mortgages offer flexibility and reliability to homebuyers. A wide range of terms are available to accommodate various financial needs. Keep in mind, loans with longer terms typically have higher interest rates, but monthly payments tend to be lower. On the other hand, a shorter repayment term means you will pay off and build equity in your home quicker, but your monthly payments will generally be higher. Our loan officers will discuss your options with you and help you lock down a term and rate that are suitable for your budget and financial plan.
 
  • 3% minimum down payment required
  • No Private Mortgage Insurance (PMI) required with 20% down payment
  • Can be used to purchase, refinance, or for a cash-out refinance
  • Seller may pay up to 3% of closing costs and required prepaid items
 
See one of our real estate lending experts for help getting you into the best option for your situation.
 

FHA Loans

The U.S. Federal Housing Administration (FHA) offers government-insured loans with financial advantages. These loans can make it easier to buy a home because they require only a low down payment.
 
  • 3.5% down payment required
  • Upfront Mortgage Insurance Premium (UFMIP)
  • Annual Mortgage Insurance Premium (MIP), assessed monthly for the life of the loan
  • Seller may pay a portion of your closing costs

VA Loans

The U.S. Department of Veterans Affairs (VA) offers government-insured loans, available to Service members, Veterans and eligible surviving spouses. These loans can make it easier to buy a home because they require no money for a down payment.
 
  • 100% financing available
  • Very competitive interest rates
  • Available for your primary residence only
  • No Private Mortgage Insurance (PMI) or Mortgage Insurance Premium (MIP) required
  • VA Funding Fee required (one-time fee paid directly to Department of Veterans Affairs)*
  • Lower qualifying credit scores required
  • Seller may pay a portion of your closing costs
 
*Percentage of loan amount, varying by type of service, first-time buyer or subsequent loan user, and whether you make a down payment. May be paid upfront or can be included in your monthly mortgage payment. Exemptions exist for service connected disabilities and surviving spouses of veterans who died in service or from service-connected disabilities.
 
 

HUD Section 184 Loans

Designated to assist Native American and Alaskan Native Tribal Members with home purchases.
 
  • 2.25% down payment
  • Tribal Enrollment Card or Enrollment Letter required
  • 620 FICO score required (for one borrower on the loan)
  • Guarantee Fee annual premium payments
 
 

USDA 100% Financing Loans

Your dream of homeownership may be possible even if you don't have funds saved for a down payment. Qualifying buyers of eligible properties can finance 100% of a home's purchase price - including the down payment - and get access to a competitive mortgage rate.
 
  • 100% financing available (including down payment)
  • Competitive rates
  • Income restrictions apply*
  • Property restrictions apply**
  • First-time homebuyers can be eligible
  • Upfront Guarantee Fee to USDA's Rural Development Program
  • Annual Guarantee Fee, assessed monthly for the life of the loan
 
Accommodate short-term or unique homeownership goals with an adjustable rate mortgage (ARM) that is originated and serviced here, at The Bank N.A., for the life of your loan. If you are self-employed or have other non-traditional sources of income, an ARM loan is a great option for you! This option is also great if you are looking to remodel or renovate your primary home, lake house, or a rental property. It is even available to purchase a mobile home that you will permanently attach to your land.
With this type of home loan, you will lock in a fixed rate for an initial term, but then the rate will adjust as market conditions change over time. As a fully amortizing loan option, there will be no balloon¹ payment at the end.
 
Let us customize terms for your specific situation with our flexible options:

  • Terms up to 30 years
  • 10.1% down payment
  • 45% maximum debt to income ratio
  • 640 minimum credit score
  • Terms 20 years or less offer more flexibility for maximum debt to income ratios and lower credit scores
 
See one of our real estate lending experts for help getting you into the best option for your situation.
 
 
 
 
Disclosure
1 A final loan payment that is much larger than the payments that have preceded it.
Want to watch your dream blueprints come to life? We offer flexible financing options to help you purchase the perfect property for a future home. And when you're ready to start construction, we can help ensure funds are in place for that phase as well. Financing is also available for manufactured homes that are affixed to your land.
 
An experienced lender will discuss your unique plans with you and help you map out a financial solution that will accommodate each step of the process.
 

Construction Loans with or without Land Purchase

Want to build your dream home? Whether you are in the market for the perfect piece of land on which to build or already have it and are ready to start, we can help.
 

Construction Loans

This loan allows for smaller, interest-only, monthly payments while your home is under construction, which can be helpful if you are making rental or mortgage payments on your current residence. Once construction of your home is completed, your loan is refinanced into a permanent mortgage. This type of loan requires two closings: first on the construction loan; and second on the permanent mortgage.
 

Land Purchase Loans

If you are interested in purchasing land for a ranch, farm, future home site or hunting, we offer flexible financing, whether the land is improved or unimproved. We also finance manufactured homes, attached to land.
 
 
 
 
 
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