Salin Salute

Salin Salute - A Special Mortgage for Community Heroes

A Low-Cost Mortgage That Makes Home Ownership Easy & Affordable

Salin Bank and Trust Company salutes the men and women in our communities who sacrifice to make our lives safer, healthier and more rewarding. Salin Salute™
 
A low-cost mortgage that makes home ownership easy and affordable – is one way we can thank our community heroes for their service.
 
For home buyers or those who want to refinance their primary residence, a Salin Salute™ mortgage offers competitive mortgage rates, low down payment options and the ability to eliminate costly mortgage insurance.
 

Who is Eligible?

Salin Salute™ is available to qualified borrowers currently working in the following fields:
  • Military (Active Duty, Retired or Disabled)
  • Law Enforcement (Active duty, full time, permanent State, County or Municipal Police Officers)
  • First Response (Active duty, full time permanent, Firefighters, Paramedics, EMT)
  • Healthcare (RNs, Occupational, Respiratory & Physical Therapists, Radiologists, Physicians Assistants, Nurse Practitioners)
  • Education (State-licensed teachers K-12, Higher education professors)

The Benefits of a Salin Salute™ Mortgage*

 
A Salin Salute™ mortgage is a (10/1) adjustable rate mortgage (ARM) amortized over 30 years. The program features a fixed interest rate with set principal and interest payments for the first ten years. Annual rate adjustments can occur after ten years, which may cause your monthly payment to go up or down depending upon the new rate.
 
  • Up to $424,100 loan amount
  • Seller assisted closing costs allowed up to 6%
  • 100% financing for military
  • 97% financing for non-military
  • Eliminate private mortgage insurance (PMI)**
  • No maximum income restrictions
  • No prepayment penalties
  • Your Loyalty is Rewarded
  • Earn $300 after the first year by maintaining a Salin checking account, having your loan payment debited automatically, and maintaining direct deposit of your payroll or retirement pay.
  • PLUS, Salin Bank will donate $50 to a local 501c3 charity!

For personalized information about a Salin Salute™ mortgage, please contact the mortgage loan professional at your nearby banking center. Or apply online anytime!

* Loans are subject to credit review and approval. This 10/1 ARM program has a 5-2-5 cap structure, meaning at the first interest rate change date, the rate could change by a maximum of 5% and at each subsequent change date, the rate could change by a maximum of 2%. The maximum lifetime change is 5%. Additional terms and conditions may apply, contact your mortgage loan professional for details.
** To eliminate private mortgage insurance, set up direct deposit into any Salin Bank checking account and establish automatic debit of your monthly mortgage payment; otherwise, PMI applies.