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