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Assurance that you’ll pay the same principal
and interest payment throughout the term of your loan. Even if interest rates
rise, your competitive rate will remain the same—and at a term you choose.
If you’re looking to lock into a competitive
rate but for a shorter term (up to seven years), a Balloon Loan will give you
the flexibility you need. When it’s time to renew your loan, you’ll have the
opportunity to lock in a fixed rate or renew your loan for another short
term—possibly at a lower rate.
A mortgage in which the interest rate is adjusted
periodically. This will allow you to pay a competitive rate according to an
adjustment schedule that is mapped out at the beginning of your loan.
It doesn’t matter where you have your mortgage.
By refinancing with us, you can either reduce the number of years it will take
to repay or decrease your monthly loan payment.
Time for your dream home to materialize? With a
short-term construction loan you’ll have the money you need whenever your
contractor needs it throughout the entire process. We can also roll your
short-term loan into a mortgage after your new home is completed.
We have several loan products that require little or no money down. In many
cases the closing costs and prepaids can also be financed into the loan.
As part of our large menu of loans, we offer FHA fixed
programs, VA fixed programs, and a 100% financed Rural
Housing program.
We offer several First Time Homebuyer programs that are designed
especially for those individuals purchasing their first home.
These programs offer special financing terms to help make that
first purchase more affordable.
The Madison & St. Clair County's Community Development HOMEbuyer
Programs Illinois League of Financial Institutions - Affordable
Housing Program Illinois Housing Development Authority - Rural
Development Homebuyer Program |
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Equal Housing Lender | MEMBER FDIC