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Home Mortgage Loans

In person or online

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Home Mortgage Loan Programs

Jarrettsville Federal offers a variety of reliable programs to assist all types of borrowers, from first-time homebuyers to long-term homeowners who are purchasing again or refinancing. Your loan officer will explain these products in detail and help you determine which loan is best for your individual situation.

Fixed Rate Conventional Loans

  • Competitive rates and closing costs
  • 30, 20, 15 and 10-year terms available
  • Easy budgeting and long-term planning
  • PMI will be required if a 20% down payment is not made

Construction Loans

  • Competitive rates and closing costs
  • A single settlement saving you money
  • Interest only payments for the first year
  • Bank supervises the time line for the draws

Adjustable Rate Mortgages (ARM)

  • Lower interest rates resulting in lower payments for increased buying power
  • Protects you with annual and lifetime rate caps
  • Good for those expecting to move or see an increase in income before mortgage is due to adjust

Federal Home Loan Bank (FHLB) Grant Funds

  • FHLB Atlanta’s First-time Homebuyer Program provides up to $5,000 in matching funds for down payments and closing costs of first-time homebuyers.
  • Purchased home must be used as the homebuyer’s primary residence
  • Income must be less than or equal to 80% of HUD median income for the area, adjusted for family size.
  • Funds subject to availability.

Lot Loans

Used to purchase unimproved property to be built on in the future.

APPLY TODAY or for more details and rates contact Denise at 410-692-5151 or dbusson@jarrettsvillefederal.com  NMLS #902671