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Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice and are not advertisements. We can not and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues. The results of these calculators are for estimate only and do not reflect an absolute solution to some of your financial questions. Your income and liabilities also will affect your eligibility for a loan.

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Mortgages

County National Bank is aware of the tough economic times facing many of our customers, and we will make every effort to help keep qualified borrowers in their homes. You may click on the website below to learn about the Making Home Affordable program, which includes opportunities to modify or refinance your mortgage to make your monthly payments more affordable.

http://www.makinghomeaffordable.gov

CNB Delivers a Wide Range of Mortgages and Home Lending Options

County National Bank is committed to understanding your financial needs. That's why our mortgage originators will recommend a mortgage option from our wide range of financing options that will deliver the best value in the market, while keeping you on track to reach your financial goals.

Click the "Apply Now" link to access a mortgage application or call or visit one of our CNB offices today!

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Fixed Rate Mortgages

  • Make monthly payments a sure thing with a mortgage that lets you budget for today and tomorrow
  • Payments are fixed for the term of the loan
  • Convenient long-term mortgage loans are available
  • You may refinance any time during the term of the loan

Federal Home Loan Mortgage Company (FHLMC)

  • Also known as Freddie Mac
  • Fixed rate mortgages
  • 10- to 30-year loan terms
  • Serviced locally by CNB

Federal Home Loan Bank of Indianapolis (FHLBI)

  • Fixed rate mortgages
  • 10- to 30-year loan terms
  • Serviced locally by CNB

Adjustable Rate Mortgages (ARM)

  • Flexible terms – you can reduce your initial payments and keep your money working harder
  • Payments and terms vary according to published rates of interest

Construction Mortgages

  • Owner-builder or contractors
  • Interest-only for 12 months
  • 5/1 ARM construction-to-permanent (one time close)

Federal Housing Administration (FHA)

  • Fixed rate mortgages
  • Down payments as low as 3.5% of purchase price
  • FHA refinance options
  • Flexible credit and income guidelines

USDA-Guaranteed Rural Housing Development

  • Provides modest housing for moderate-income families in rural areas
  • Up to 103.5% (with guarantee fee) financing, based on appraised value
  • 30-year fixed rate financing
  • Servicing is retained by CNB (unless through MSHDA)

Michigan State Housing Development Authority (MSHDA)

  • Affordable loan products for low- to moderate-income families
  • Conventional
  • Down Payment Assistance Program
  • Mortgage Credit Certificate Program

Home Equity Programs

A County National Bank Home Equity Line of Credit allows you to borrow against the equity of your home and offers a variable rate with a Fixed Rate Lock Option. The lock option gives you the comfort of knowing that you can lock a portion or all of your outstanding balance to a fixed rate at anytime during the draw period. This revolving line of credit, secured by your home, is the perfect way to finance home improvements, vacations or even a new car. In many cases, the interest you pay is tax deductible, but please check with your tax advisor for full details.

Come see the professionals at County National Bank to determine which program is right for you.