Mortgage Loans

Mortgage Loans

Buying a home is one of the largest, most important investments you will ever make. Let us explain your options and help you find the mortgage that’s best for you.

At Salin Bank and Trust Company, we know that buying a home can be a complicated, sometimes overwhelming, undertaking. That’s why we put you at ease right from the start with personalized, expert advice from our home loan specialists. They will thoroughly explain your options and help you find the Salin Bank home loan program that’s right for you. Salin Bank offers:
  • Competitive rates
  • Reasonable fees
  • In-house underwriting
  • Local appraisers who know your market
  • Closing of purchase transactions in 30 days or less

Fixed-Rate Mortgage

The interest rate and payments on a  fixed-rate mortgage remain the same for the life of your loan. Salin Bank’s  fixed- rate mortgages are available with low down payment options and a variety of terms.

Adjustable Rate Mortgage (ARM)

An adjustable-rate mortgage has an interest rate that remains in effect for a specified period of time before adjusting annually. These mortgages typically offer lower initial rates and payments than fixed rate mortgages. Adjustable-rate mortgages provide rate adjustment caps and come in a variety of terms.

Construction/Perm Loans

This program offers the convenience of a one-time closing while providing funds for both the construction and permanent  financing of a new home. Depending on needs and qualifications, 95%  financing is available. Construction/Perm loans offer either attractive fixed rate or adjustable rate mortgages.

FHA/VA/USDA Mortgages

Many government loans offer low down payment requirements as well as  flexible underwriting standards.

Down Payment Assistance

For those who qualify, down payment assistance is available through a special loan program offered through the Federal Home Loan Bank of Indianapolis. Income restrictions apply, and a home buyer education program must be completed.