Now is the perfect time to purchase your first home, your dream home or to lower monthly payments on your current home with help from HOMEBANK.
With more than 60 years of combined experience, we are a trusted source for your next home loan.
HOMEBANK offers the following types of loans:
— For homes in smaller communities
USDA Rural Development Loans
- Zero down payment option
- Moderate-income home buyers
- Property has to be in an approved rural area
- Guaranteed by the US Department of Agriculture
- Only for primary residences
- 30-year term only
- Fixed rate and monthly payments
— Good for your first home
FHA Loans
- Insured by the Federal Housing Administration, so it can be easier to qualify
- Down payment as low as 3.5%
- Buyers may qualify with lower credit scores
- Home must serve as primary residence
- Mortgage Insurance Premium required plus a mortgage insurance fee
- Fixed rate and monthly payments
- 1-4 Units are allowed if you live in one of the units
— New home, second home, refinance
Conventional Mortgage Loans
- 3% down option for first time homebuyers
- 5% down for previous homeowners
- Avoid PMI (Private Mortgage Insurance) with 20% down
- Also used to purchase a second home or refinance a current home
- 15-, 20-, and 30-year fixed rate options
- Buyers typically need a good credit score
- 1-4 Unit Investment Properties
— When you are in between homes
Bridge Loans
- Allows you to purchase a new home while you are selling your current home
- Short term temporary financing until your home sells
- Fixed rate for 12 months
- Monthly interest only payments
- 80% combined loan-to-value
— Can be used for remodels, additions, even college tuition
Home Equity Line of Credit (HELOC) Loans
- Use the equity in your home to open a revolving line of credit
- Set up for 60 months
- Monthly interest payments
- Variable interest rate
- $50.00 Annual Fee
- 80% combined loan-to-value
- Flexibility to borrow against it as needed
— Build your dream home
Construction Loans
- Closed end line of credit where funds are disbursed through phases of the construction process
- 12-month term
- Monthly interest only payments on amount drawn
- Interest rate fixed for 12 months
- 80% loan to value
— Buy the perfect location
Lot/Land Loans
- Purchase vacant land or lot for consumer purposes
- Allows you to buy now and build later
- 20% down payment
- Adjustable Rate Mortgage
Start the pre-qualification process online. Complete an application here.
Meet our Lenders
Nathan Alderton
Assistant Vice President - Loan Officer
Phone: (855) 577-2001
NMLS #1787842
help@myhomebank.bank
Shane Spalding
Vice President/Commercial Lender/Business Banker
Phone: (855) 577-2001
NMLS #522334
help@myhomebank.bank
Danielle Funkenbusch
Assistant Vice President/Loan Officer
Phone: (855) 577-2001
NMLS #2659181
help@myhomebank.bank
Danielle Foster
Assistant Vice President/Loan Officer
Phone: (855) 577-2001
NMLS #2573579
help@myhomebank.bankMake an appointment with one of our lenders or call us toll free at 855-577-2001.
Advice from our Lenders
The Difference between Online Companies and your Local Bank
Local banks provide service before, during and after the home loan process. Senior Vice President Mike Smith explains.
HOMEBANK Loan Officer Becky Scheufele says there are benefits to working with a local banker.
CRAZY low interest rates for home loans on the internet may be tempting. HOMEBANK Senior Vice President Mike Smith says to make sure to read the fine print.
First Steps in the Home Buying Process
Most people don’t wake up one day and say, “I’m going to buy a house.” Or at least they shouldn’t, according to HOMEBANK Loan Officer Becky Scheufele. She says it’s always best to start with a plan.
HOMEBANK Home Loan Officers say your very first step in finding your dream home is a visit with your banker. Senior Vice President Mike Smith explains why.
Finding out if you are pre-approved for a home loan at HOMEBANK is not difficult. Senior Vice President Mike Smith discusses what you’ll need to bring to the bank in this video.
A little advice about credit worries
HOMEBANK Senior Vice President Mike Smith says all is not lost if you discover a low credit score when applying for pre-approval for a home loan. In fact, knowing where you stand is always the first step to improving your score.
HOMEBANK Home Loan Officer Becky Scheufele says if you discover you have a low credit score, it isn’t always caused by bad habits.
HOMEBANK’s traditional 15- and 30-year fixed rate home loans with 10-20% down payment are by far the most popular, according to Home Loan Officer Becky Scheufele. But, other options are available for customers with less money for a down payment.
Meet our Lenders
