HOME MORTGAGES

  • Conventional Mortgages
  • Construction Loan
  • Land Loan
 

HOME EQUITY LOANS

  • Home Equity Installment
  • No annual fees.
  • Can be used for home improvements and other major purchases.
 *Loans up to 90% of your homes appraised value if SMB&T holds your first mortgage, or 80% if with another lender.
 
 

HOME EQUITY LINE OF CREDIT (HELOC)


WHAT IS A HELOC?

A Home Equity Line of Credit (HELOC) is a revolving line of credit secured by the value of your home.
  • No geographic restrictions of income limit.
  • Loans up to 90% of your homes appraised value.
  • Choose between variable and fixed rate structures.
  • HELOC's often have a lower interest rate than other types of loans or credit cards. The interest paid may also be tax deductible (consult your tax advisor). 

VA HOME LOANS

  • Active duty or ex-servicemen and women - guaranteed by the Veterans Administration.
  • No income limits or down payment required.
  • 100% financing options available.
  • Minimum property requirements.
  • Equal opportunity for all qualified veterans.
 

FHA HOME LOANS

  • No geographic restrictions of income limit.
  • Lower closing costs and monthly insurance premiums.
  • Lower down payment requirements.
  • Lower credit score requirements than other programs.
 

USDA RURAL DEVELOPMENT LOANS

  • Borrow up to 100% of the appraised value of a qualified home (no down payment if qualified).
  • Competitive fixed interest rates.
  • Flexible credit & expanded ratios.
  • Must meet area, property, and income requirements.
  • Single family, owner-occupied residences.
 
 
 
All loans subject to approval.
SMB&T NMLS  #480296