Home Mortgage Loans

• Competitively low rates for home purchase, refinance, or construction
• Available for primary residence, second homes, vacation homes, or investment properties
• A wide range of terms customized to your unique situation
• A variety of financing programs available:
  • Fixed rate mortgages
  • USDA Rural Housing Loans
  • FHA Loans
  • VA Loans
  • Preferred Home Loan Program
  • Construction Loans
• Helpful loan advisors with working knowledge of the local real estate market
• Free pre-approval for extra confidence when it comes to securing financing
• Refinance your current home to potentially lower your rate
• Attentive, friendly service from start to finish

FIXED RATE MORTGAGES

• Down payments as low as 5%
• Amortization periods from 10 to 30 years
• Fixed/level payment of principal and interest for the life of the loan; interest-only payments available in some situations
• May require private mortgage insurance

FHA LOANS

• Easier to qualify than a standard loan
• Available in fixed rate or ARM
• Down payments as low as 3.5%
• Flexible terms up to 30 years
• Requires FHA mortgage insurance
• Pre-qualification available
• Quick decisions, and local service
• Mortgage insurance is built in, does not require additional PMI purchase

VA LOANS

• Available to veterans and active military service members
• Typically require no down payment
• Minimal closing costs
• Up to 100% financing for eligible military personnel
• Fixed/level payment of principal and interest for the life of the loan
• Flexible terms up to 30 years
• Monthly mortgage insurance not required

RURAL DEVELOPMENT

• Long-term, fixed interest rate
• 30-year terms
• Income limits apply
• Ideal for first-time homebuyers
• Low to no down payment
• Lenders with experience in the local real estate market
• Attentive service throughout the entire process

PREFERRED HOME LOAN PROGRAM

• Competitively low rates for home purchase or refinance
• Receive fast decisions with local underwriting
• Enjoy lower costs with local processing
• Convenient payments made directly to Center National Bank
• Attentive, friendly service from start to finish
• Center National Bank retains servicing of loan
• Local decision-making and processing

CONSTRUCTION LOANS

• Competitively low rates for your home construction project
• Available for primary residence or second home construction
• Provides more convenience, especially toward the end of the construction phase and the beginning of permanent mortgage
• Pay off interest quicker; payments are interest-only during construction phase
• Payments are made on the amount drawn on your loan sufficient to pay your builder
• Construction draws applied in stages based on work completed

BEFORE YOU APPLY

Make sure you have the Items Needed for Purchase or the Items Needed to Refinance.