Online Banking
Loan Types
Types of Home Loans
Explore home purchase options, refinancing, home equity loans, HELOCs, construction loans, and lot loan financing.
- Conventional - 30, 25, 20 and 15-year fixed rate loans or adjustable-rate mortgage (ARM) loans.
- VA/FHA/IA Finance Authority - Loans in 30 and 15-year terms. Typically, these are lower cost with little to no down payment compared to conventional loans.
- USDA/Rural Development - Loans for properties in rural communities. More borrowers qualify with expanded guidelines for calculating debt ratios. 100% financing available.
- Fixed rate mortgages
- Adjustable-rate mortgages
- Cash out refinance options
- Student loan refinance options
Closed-end Home Equity Loans
- One-time disbursement of funds
- Amortized monthly payments
- Balance paid in full at maturity
Home Equity Line of Credit (HELOC):
- Multiple disbursement options
- Payment based on program type
- Remaining balance due at maturity
- 12-month interest only financing option
- Pre-qualification for permanent financing
Lot Loans: This type of loan is made to finance the purchase of a lot or minimal acres where you plan to build your home. This loan will be transferred to your construction loan when you begin your home building process.
Whether you're planning a home project, consolidating debt, or simply exploring your options, understanding a HELOC can help you make more informed financial decisions. In this short video series, we’ll break down what a Home Equity Line of Credit is, how it works, and how homeowners can use it as a flexible financial tool. Simple explanations. Real-life examples. Everything you need to know to get started.