| Fixed Rate Mortgage Loans |
Customers appreciate our Fixed Rate Mortgages because they feature a "locked" interest rate.
That means you can depend on little or no change in your monthly payment amount, and be confident that it
fits your budget. |
Commonly referred to as "Conventional Loans," you can opt to pay "points" - an
upfront investment that reduces the rate and resulting monthly payment amount. In most cases, our Fixed
Rate Mortgages don't charge a prepayment penalty, so you're free to make additional principal payments to
directly shorten your loan term and save on finance charges. |
| Federal Housing Administration (FHA) Loans |
If you're a first-time homebuyer, be sure to ask about an FHA loan. |
FHA loans are government insured mortgages designed to help more people become homeowners. Compared to
Conventional Loans, FHA loans require lower down payments and offer a reduced, fixed interest rate, so buying
your first home is more affordable and attainable. And because you can use your FHA loan to finance part of the
closing costs, you can save some cash for new furniture, appliances, or a rainy day. |
| Veterans Administration (VA) Loans |
If you've served in the US military, ask a Home Federal Bank real estate loan expert about our VA loans. |
Designed to help our country's veterans, qualifying individuals can take advantage of VA loans with no down
payment, and minimal closing costs. And because our VA loans never charge a prepayment penalty, you can save money
and reduce the loan term by making additional principal payments. |
| Adjustable Rate Mortgage (ARM) Loans |
Benefit from greater buying power and budget flexibility with an ARM loan. |
These loans start with a very low interest rate for an initial, predefined period, reducing your monthly payments
to better manage your cash flow. Your ARM's rate adjusts periodically based on market conditions and your loan agreement.
In some cases you have the option to convert to a Fixed Rate Mortgage after the first year. |
| Second Mortgage Loans |
Thinking about home improvements or upgrades?
Need help funding a child's education? |
Put your home equity to work with a Second Mortgage loan for whatever you're planning. Our Second Mortgage loans
work like consumer loans — they're available in a variety of payment and maturity options. But unlike traditional
consumer loans, the interest you pay may be tax deductible (check with your tax advisor to be sure). As with all Home Federal Bank real estate loans, you enjoy fast credit decisions by local experts, making Second Mortgage loans an excellent choice to fund your next big project. |
New Home Construction
Construction Permanent Loans |
Keeping it simple is what a Construction Permanent loan is all about.
One application, one credit review,
one approval, and you're off and building. |
The construction loan portion builds your dream home; the fixed rate mortgage portion gives you a new place to
call "home." Free yourself from the financial complexities that come with building a home, with Home Federal Bank's
Construction Permanent loan. |
