Why Choose Community Bank for Your Mortgage Needs?
Estimate Your Mortgage Repayments
30 years
The calculations provided by this tool are for illustrative and educational purposes only and are not guaranteed. The actual loan terms, interest rates, and monthly payments may vary based on various factors including credit score, lender policies, and market conditions. The data presented is estimated based on the information provided. Interest rates are subject to change and can vary widely based on the lender and individual circumstances. Please consult with a financial advisor or mortgage lender for personalized advice and accurate loan estimates. Community Bank does not guarantee the accuracy of these results and is not responsible for any errors or omissions.
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What are my mortgage options?
CONVENTIONAL
Customized Financing for Diverse Property Types
- Minimum Down Payment: As low as 3%
- PMI: No Private Mortgage Insurance (PMI) required if the down payment is 20% or greater
- Applicable for: Primary, second home, and investment properties
- Rate Options: Both fixed and adjustable rate options available
FHA LOAN
Easy Home Financing with Low Initial Costs
- Minimum Down Payment: 3.5%
- Monthly Mortgage Insurance: Required
- Applicable for: Primary residence only
VA LOAN
Veteran Benefits with Zero Down Payment**
- Down Payment: No down payment required
- Financing: Up to 100% financing
- Monthly Mortgage Insurance: None
- Eligibility: Must be an eligible veteran
- Applicable for: Primary residence only
USDA LOANS
No Down Payment Loans for Eligible Areas
- Down Payment: No down payment required
- Property Eligibility: Must be USDA eligible
- Income Limits: Vary by county, state, and family size
- Applicable for: Primary residence only
JUMBO MORTGAGES
High-Value Loans for Premium Properties
- Loan Amounts: Higher loan amounts available
- Rate Options: Fixed and adjustable rates
- Property Types: Primary, second homes, and investment properties
*All offers of credit are subject to credit approval.
**Interest on the portion of the loan that exceeds the value of the dwelling is not tax deductible and the consumer should consult their tax advisor.
Other Options
- Fannie Mae – Home Ready: This program offers lower down payments and reduced mortgage insurance premiums.
- First Time Homebuyers Programs: These programs often offer tailored incentives like lower interest rates and down payment assistance to help new buyers enter the housing market.
- One Time Close Construction Loans: These loans combine the construction loan and permanent financing into one single loan, simplifying the financing process for building a new home.
- Freddie Mac – HomeOne and Home Possible: Similar to Fannie Mae’s offerings, these programs are designed to make homeownership more accessible with lower down payments and flexible credit terms.
- Bond Program, Down Payment Assistance, and Mortgage Credit Certificates: These programs provide additional financial support through state and local governments or nonprofits to reduce the upfront and ongoing costs of owning a home for qualifying individuals or applicants.
- In-House Underwriting, Processing, and Closing: We handle all these processes internally, which can speed up the loan approval and closing process while providing a more personalized customer service experience.
The Mortgage Application Process
Contact us 601.362.8493
- Complete the Online Application and Credit Check
- Fill out our simple online application detailing your personal information and finances. After you submit your application, a Mortgage Loan Originator will contact you within 24 hours to discuss your options and, with your consent, will pull and review your credit to offer the most suitable loan options for you.
- Have These Ready
- We’ll send you a package with documents to sign and return. A local appraiser will check out the property to evaluate its value.
- Title Work and Final Preparations
- Leave the paperwork to us! We’ll handle all the title and insurance details to make sure the property’s legal status is squared away. We’ll also set up everything needed for your closing date.
- Closing Coordination and Approval
- Our in-house team will review and approve your loan documents. You’ll receive a closing disclosure in advance of your final meeting to review all costs. Then, come to the closing at a nearby title company or attorney’s office, where we’ll finalize everything together.
Frequently Asked Questions
Buying your first home can feel overwhelming, but at Community Bank, we’re here to make the process fast, efficient, and stress-free. Our experienced Mortgage Loan Officers will guide you every step of the way, answering your questions and providing personalized assistance. We combine mortgage technology with the personal touch of a local lender. Unlike nationwide online lenders, our Loan Officers live and work in your community, so you can meet them face-to-face and trust them to understand your needs. Whether you’re applying for a loan, working through the closing process, or looking for advice, we’ll be there to help make your dream of homeownership a reality.
Yes, your data is completely secure. We use leading-edge technology, including Secured Socket Layer (SSL) encryption supported by digital certificates from Starfield Technologies, to protect your information as it travels over the Internet. Our internal systems are safeguarded with advanced firewall and network security technology to prevent unauthorized access. We prioritize your privacy and take every measure to ensure your personal information remains safe and confidential throughout the application process.