Mortgage

Whether you’re buying a first home or vacation property, we have mortgage options to meet your needs. Contact a loan officer to discuss the available terms for each of the products below.

Make your dream home a reality.

Make your dream home a reality.

Mortgages

Maximum Loan to Value (LTV) Minimum Loan Amounts Terms

1st Time Homebuyer
90% of Sales Price or Valuation – whichever is lower $15,000 Rate adjusts annually after first 7 years, No PMI


Conventional Mortgage
up to 95% of Valuation or Sales Price – whichever is lower

LTV > 80% requires PMI
$50,000 with PMI

$25,000 w/o PMI

Fixed rate


Adjustable Rate Mortgage (ARMS)
80% of Valuation or Sales Price –  whichever is lower $15,000 Rate adjusts annually after first 5, 7, or 10 years


Construction/Permanent Mortgage
80% of Valuation $15,000 9 month Interest only payments during construction phase, then converts to ARM (see above)

USDA Mortgage 100% of Valuation $50,000
FHA Mortgage 96.5% of Valuation $50,000
VA Mortgage 100% of Valuation $50,000
Home Equity Line of Credit Max Total LTV of 80%

(less 1st Mortgage Balance)
$15,000 15 years