Conventional Loans
Mortgage - Start Exploring Options
Fixed Rate Loans
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
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 pre-paids
See one of our real estate lending experts for help getting you into the best option for your situation.
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
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.
For more information, please visit U.S. Department of Veterans Affairs
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
For more information, please visit U.S. Department of Housing and Urban Development
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
Get Prequalified
Approval Process
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