Mortgage Definitions

Adjustable Rate Mortgage (ARM)

If you are looking for the lowest rate or not staying in your current residence long, check out our 3-1, 5-1, & 7-1 year ARMs. Looking for a loan officer or ready to apply? Check out our team or apply here.

 

Blanket Loan

Buying a vacation home and want to use the equity in your existing home for a down payment? Consider a blanket loan to finance your purchase. Looking for a loan officer or ready to apply? Check out our team or apply here.

 

Bridge Loan

Looking to buy something new but haven't sold your current house yet? Our bridge loan is the product for you. Looking for a loan officer or ready to apply? Check out our team or apply here.

 

Fixed Rate Mortgage

If you like the peace of mind of a fixed loan payment, this is the product for you. The interest rate and monthly payment are the same for the life of the loan. We offer these loans in a variety of terms. Looking for a loan officer or ready to apply? Check out our team or apply here.

 

Home Buyer Program

The Federal Home Loan Bank of Cincinnati offers the Welcome Home Program that is designed to help qualifying individuals with down payment and closing cost assistance. Funds are available for a limited time only generally in early Spring. Looking for a loan officer or ready to apply? Check out our team or apply here.

 

FHA

If you are considering buying a home with a low down payment option this product allows for more borrowing flexibility without sacrificing a low interest rate. Looking for a loan officer or ready to apply? Check out our team or apply here.

 

VA

Any active duty or veteran of the armed services may qualify for 100% special financing on the purchase of a home. Looking for a loan officer or ready to apply? Check out our team or apply here.

 

Fixed Rate Second Mortgage

This product allows you to borrow using the equity in your current home for any purpose. The interest rate is fixed for the entire term of the loan which can be as long as 15 years. Looking for a loan officer or ready to apply? Check out our team or apply here.

 

Home Equity Lines (HELOC)

Let us preapprove you for a borrowing limit that you can use anytime, anyway you choose. Pay off some debt, purchase a new car or pay for the last year of school. Borrow against the equity in your current home. Pay only the interest due or pay down the loan monthly to allow for more borrowing in the future. Looking for a loan officer or ready to apply? Check out our team or apply here.

 

Jumbo Loans

Looking to upgrade and need more than $417,000? A Jumbo Loan may be the right product for you. This product is available in both fixed rate or adjustable rate terms. Looking for a loan officer or ready to apply? Check out our team or apply here.

 

USDA Rural Development Loans (RD)

Government insured loan, typically with no down payment for homes within qualifying USDA areas. There are income and geographical restrictions when qualifying. Looking for a loan officer or ready to apply? Check out our team or apply here.

 

Construction Loans – One-Time Close

Thinking of building your dream home? Let us make your dream a reality. Our construction loans are one-time close loan with one-time closing costs. Looking for a loan officer or ready to apply? Check out our team or apply here.