FIXED RATE MORTGAGE

This Mortgage Is Best For You If: You want a straightforward and predictable monthly mortgage payment that won’t change over the term of the loan.

A fixed-rate mortgage has the same mortgage payment for the full term of the loan. With fixed-rate mortgages, your mortgage interest rate – and your total monthly payment of principal and interest – will stay straightforward and predictable. That predictability makes it easier to set your budget.

Requirements

All new account applications are subject to approval; a review of your credit history may be used.

What You Need to Apply:

• Two recent year W-2s
• Two recent year tax returns
• One month of recent pay stubs (if applicable)
• Two months of recent bank statements
• Signed purchase contract (if available)
• Additional documentation upon request

ADJUSTABLE RATE MORTGAGE

This Mortgage Is Best For You If: You want a mortgage payment that will reflect changes in the market, and a lower initial monthly rate than a fixed rate mortgage might allow.

Adjustable-rate mortgages have an interest rate that will follow the market, and may rise or fall which means your payment will fluctuate over the term of the loan. The rate stays steady – and typically lower than a fixed-rate mortgage – for an introductory period, so it’s perfect for those who plan to move in a few years, or believe the market may fluctuate to give you a better rate.

Requirements

All new account applications are subject to approval; a review of your credit history may be used.

What You Need to Apply:

• Two recent year W-2s
• Two recent year tax returns
• One month of recent pay stubs (if applicable)
• Two months of recent bank statements
• Signed purchase contract (if available)
• Additional documentation upon request

RURAL DEVELOPMENT LOAN

This Loan Is Best For You If: You’re looking for property in an eligible USDA Rural Development area, and meet certain income qualifications.

A USDA Rural Development loan can help you purchase your dream home with little to no money down. The property must be in an eligible USDA Rural Development area and certain income qualifications apply. You can use a USDA Rural Development loan to build, rehabilitate, improve or relocate a dwelling in an eligible rural area, or simply to purchase an existing home.

Requirements

All new account applications are subject to approval; a review of your credit history may be used.

What You Need to Apply:

• Two recent year W-2s
• Two recent year tax returns
• One month of recent pay stubs (if applicable)
• Two months of recent bank statements
• Signed purchase contract (if available)
• Additional documentation upon request

CONSTRUCTION/PERMANENT LOAN

This Loan Is Best For You If: You’re interested in designing and building a custom home from the ground up.

When you’re building your own home rather than buying an existing one, you can customize it to make it exactly what you’ve always dreamed. But building a home costs money too, and one way to pay for it is with a construction loan. Construction loans are typically short term with a maximum of one year, and have variable rates that move up and down with the prime rate. But once construction is completed, the loan can roll into your permanent mortgage easily and without a hassle.

Requirements

All new account applications are subject to approval; a review of your credit history may be used.

What You Need to Apply:

• Two recent year W-2s
• Two recent year tax returns
• One month of recent pay stubs (if applicable)
• Two months of recent bank statements
• Signed purchase contract (if available)
• Additional documentation upon request