Home Mortgage Loans

Whether you are buying your first home or next home, the list of home mortgage loan companies competing for your business is long. Let us help you understand why Park Bank offers more than most other lenders.

Park Bank Mortgage Options

We understand that everyone’s situation is different and the same mortgage doesn’t fit everyone’s needs. Park Bank is uniquely back by both Freddie Mac and Fanny Mae, allowing us to offer a variety of mortgage options to fit a variety of needs. Read here what we can do for you.

Purchase Your Home with a Fixed Rate Mortgage
With a fixed rate mortgage the interest rate is set when you take out the loan and will not change. Park Bank offers only fixed rate mortgages with a number of repayment terms to fit your financial needs.

Refinancing or Move Your Loan to Park Bank
When you refinance you receive a completely new mortgage with new terms, interest rates, and monthly payments. We will help you determine if refinancing makes sense.

First-Time Homebuyer
We are a small bank, and because of that, we’ll take the time to listen to you. To us, you are a big deal, not just a number. Your loan officer will walk you through the process and will be with you from start to finish.

Second Mortgage
A second mortgage is a second home loan, typically a lower amount and shorter term. We can help you determine if it’s better to refinance your first mortgage with a cash out option or obtain a second mortgage.

Construction Loans
We are proud to handle all construction disbursements in-house. By keeping the disbursement handling in-house you don’t pay for each check or each request. Your construction draw can be completed as fast as you say you need it. Click here to learn more.

Investment Property/Second Home
Park Bank can offer a number of loan options with varying down payment, interest rates, and loan length periods. Plus, there are no prepayment penalties on consumer loans; you can make extra payments or pay off your loan at any time!

Land/Residential Lot Loans
Park Bank can offer loans for land that offer minimal down payments and low closing costs.

Rural Development Loans
A USDA loan is a home loan insured by the United States Department of Agriculture for property owners in rural areas. Financing is available for up to 100% of purchase price, meaning no down payment is required for some applicants. Other benefits include:

• No Mortgage Insurance
• Fixed Rates/terms
• No minimum FICO Score
• Do not have to be a first time Home Buyer

Check here for eligibility and other helpful information.

Advantages of a Park Bank Mortgage

• Your Loan Starts Here and Stays Here!
  Our customers have always made their loan payments at their local Park Bank branch. If you have ever had your loan sold to a huge mortgage servicer, you know why this is important.
• Relationship Banking
  With Park Bank, you work with ONE MORTGAGE LOAN OFFICER from application to close and after. No hand-offs, no starting over at every turn.
• Low Down Payment & Flexible Options
  Park Bank offers low, fixed interest rate mortgages with a variety of down payment and repayment options as listed above. Compared to an adjustable rate mortgage, a fixed rate mortgage gives you a set interest rate that you can rely on for the entire home loan term.
• A Quality Lender
  Park Bank is proud to be approved by both Fannie Mae and Freddie Mac, something that is not common in the industry. Whether you are buying a new home or refinancing, we can offer the best home loan options to fit your specific needs.

Let’s get started! Contact us to set up an appointment at a convenient location or start the process online.