A fixed rate mortgage has an interest rate that will remain the same throughout the life of the loan. An adjustable rate mortgage loan has an interest rate that can change throughout the life of the loan. Sometimes the adjustment will occur one time and other times it could occur multiple occasions throughout the life…
LTV stands for loan to value. It is a ratio that is calculated by taking the loan amount and dividing it by the value of the home. This is how we determine how much equity you have in your home.
We work closely with our customers, loan officers and real estate agents to be able to meet all of their expectations for closing dates.
We currently offer a variety of Home Loans at a term of 15, 20 or 30 years for purchases, refinances and construction for both owner-occupied and investment properties; a variety of options for home equity loans and lines of credit; lot loans; speculative loans. We also offer an affordable home loan program and a first-time…
Your closing costs may include loan origination fees, appraisal fees, title searches, title insurance, surveys, taxes, recording fees and credit report charges.
Your monthly principal and interest payment is based on the loan amount and the term of the loan.
There are no prepayment penalties on our mortgage loans, home equity loans or home equity lines of credit.
An origination fee is a fee charged by a lender on entering into a loan agreement to help cover the cost of processing the loan.
While we do not have a down payment assistance program, we do offer an Affordable Home Buyer Program. This is a special loan program for potential borrowers with earnings at 80% or less of the median income levels in Thurston and Mason counties. Applicants can borrow up to 97%* of the purchase price of a…
We have many different loan programs available, some of them requiring as little as 3% down.
