Mortgage

 

Now is a great time to buy, build, or refinance your home! Locking in a low fixed rate could save you thousands. 
Lewiston State Bank offers great savings when you get both your construction and mortgage loans from us. Our experienced loan officers will guide you step by step through the process to give you a seamless home building and buying experience.
We offer a variety of mortgage loans to fit your specific needs including:
  • Fixed-Rate Mortgage: Mortgage interest rate does not change throughout the life of the loan. When market rates go up or down, your interest rate will stay the same. This type of mortgage is good for people who plan to stay in their home long term.
  • Adjustable-Rate Mortgage: Mortgage interest rate changes with the market rates. Your Annual Percentage Rate ("APR") may increase after the loan is closed based on market conditions. This loan may be more cost effective if you don't plan on being in your home for very long.
  •  FHA / VA Mortgage: Federal Housing Administration (FHA) or Department of Veterans Affairs (VA) loans are federally insured mortgage loans that allow people to get into a home with little or no down payment. There are limits to how much you can borrow. These loans give you more flexibility and leniency if you experience a financial hardship.  
  • Jumbo Mortgage: Mortgage loan that allows you to borrow larger amounts of money. This loan is above $417,000. Because it is a higher-risk loan, your interest rate may be higher. 
  • Investment / Second Home Mortgage: A mortgage loan for any house that is not your primary residence. This type of loan may have a higher interest rate and additional requirements to qualify.
Don't let historically low interest rates pass you by. Contact a loan officer here
435-753-1800 or 435-755-0910.