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Community Bank offers a wide variety of loan programs to meet your needs. A sampling of our programs is below.

 
Conforming Loans
Jumbo Loans
FHA Loans
VA Loans
USDA Loans

Conforming Loans

These loans meet Fannie Mae and Freddie Mac guidelines.  Various terms are available to fit your needs and include fixed and adjustable interest rates.  Fixed rate terms vary from 10 - 30 years.  Adjustable rates programs are fixed for an initial period of 3, 5, or 7 years and adjust annually thereafter.  Down payment requirements are higher than FHA, VA, and USDA programs, however loan limits are generally higher.

Term: 30 years   Maximum Amount: $417,000

Jumbo Loans

This loan program is for loans with a balance exceeding the conforming loan limits.  Borrowers must be well qualified and larger down payments are required.  Terms of 10, 15, 20, 25, and 30 years are available. Adjustable rate programs are also available.

Term: 30 years   Maximum Amount: $2,000,000

FHA Loans

This is a long term fixed rate program that offers lower down payment requirements.  Terms available are for 30 or 15 years.  Loan limits are generally lower than comparable conforming loan products.  An upfront mortgage insurance premium (financed into the loan amount) as well as monthly mortgage insurance premiums apply to this program.

Term: 30 years   Maximum Amount: $368,000

VA Loans

This is a government guaranteed loan for qualifying veterans.  No down payment is required.  This program does not allow the veteran to pay for certain closing costs.  For more information regarding these fees, please contact any of our Mortgage Loan Officers.

VA jumbo loans are also available up to a loan amount of $650,000.  Please contact us for more information regarding this product.

Term: 30 years   Maximum Amount: $417,000

USDA Loans

This is a government guaranteed loan.  No down payment is required.  The property must be in an eligible Rural Development eligible area.  There is a household income limit associated with this program.  An upfront and monthly guaranty fee are required with this program.

Term: 30 years   Maximum Amount: $417,000


If you have any questions regarding these programs or other programs not listed here, please feel free to contact any of our experienced Mortgage Loan Officers.