Mortgage Services

Mortgage Programs

Flexibility in Financing. Options that meet your needs.

We understand each home purchase requires flexibility in financing and we're here to assist with a number of different loan options to meet your financial needs.

Mortgage Tools

Purchasing a home is perhaps the biggest financial decision you will make. We know there are many decisions involved in the process. We have provided some mortgage tools that can help in your decision-making process. Keep in mind these tools are simply that – tools to give you some relevant information and provide needed assistance. Quoted rates and payments should not be considered a guarantee or any type of approval.

Rates are subject to change without notice. *APR is Annual Percentage Rate. Rate is subject to change at any time. Annual Percentage Rate may be increased after consummation on Adjustable Rate Mortgages. Our 5-year Adjustable-Rate Mortgage offers a fixed interest rate for the first five years of the loan. After that, the interest rate can increase or decrease up to 5 percent the first year and 2 percent per year after that, with a lifetime cap of 5 percent. These rate increases are based on a margin and an index. The index we use is the average of interbank offered rates for one-year U.S. dollar-denominated deposits in the London market (“Libor”), as published in the Wall Street Journal and the margin we use is 2.25 percent. Actual interest rate may vary based on credit history, Loan-to-Value and purpose of transaction. Payments do not include amounts for taxes and insurance premiums; actual payments obligation will be greater. Get an official loan estimate before choosing a loan. When ready, you should always consult with one of our mortgage loan officers for more specific information.

Fixed Rate Mortgage

With a fixed rate mortgage the rate and terms are determined and agreed upon in advance. The mortgage has a fixed interest rate for the entire term of the loan. The benefit of a fixed-rate mortgage is that the homeowner will not have to contend with varying loan payment amounts that fluctuate with interest rate movements.

Adjustable Rate Mortgage (ARM)

A type of mortgage in which the interest rate paid on the outstanding balance varies according to a specific benchmark. The initial interest rate is normally fixed for a period of time after which it is reset periodically. The interest rate paid by the borrower will be based on a benchmark plus an additional spread, called an ARM margin. An adjustable rate mortgage is also known as a "variable-rate mortgage."

Conforming Mortgage

A conforming mortgage is one that Fannie Mae and Freddie Mac are willing to buy because it conforms to the dollar limits set by these two companies. Since the U.S. government supports these two government-sponsored enterprises they tend to have lower borrowing costs than private companies and can offer lower interest rates on mortgages that conform.

Jumbo Mortgage

A jumbo mortgage is a loan amount above conventional conforming loan limits. The average interest rates on jumbo mortgages are typically higher than conforming mortgages.

Contact us for current rates and information.