Features
Ready to Apply? Contact our Home Loan Team
Buying a house can feel overwhelming. But it doesn’t have to. That’s because we promise to guide you every step of the way and help you get the house you want while saving you more money.
We offer a variety of home loan products to choose from including balloon & fixed rate mortgages, construction, land loans and home equity line of credit and others.
Ready to Apply? Contact our Home Loan Team
- Pre-qualify for your home loan. Shop knowing exactly what you can afford – and be ready to make an offer when you find the right home.
- Apply for the loan. Fill out this fast form to have a mortgage representative contact you to start the application process or give us a call at (989) 799-8744 ext. 1400.
- Refinance your current home loan. Save money by refinancing your current mortgage. Just email our mortgage department with information on your current loan and we’ll give you a custom rate quote.
- Construction loan. Build and finance simply with a construction loan. You get the money to build your home with the option to modify it for permanent financing when your home is finished. Up to 95% project cost financing available, interest only payments available during construction.
- Home equity line of credit. This is a revolving loan with a variable rate. Like a traditional home equity loan, a line of credit taps into the equity in your home, but can be used on an ongoing basis. If you’re wanting to make continuous upgrades to your home, especially over a long period of time, a Home Equity Line of Credit (HELOC) is a more efficient way of managing your home’s equity. You can also apply for the money available when you need it for financial emergencies.
- 100% Financing.** Your carpet, your wall colors, your backyard. A place that's 100% yours is now within reach with our 100% Home mortgage. Get 100% financing on the purchase, no down payment needed.
**Conventional100% financing assumes two simultaneously closed loans - a first lien mortgage loan in an amount that is 80% of the purchase price and a second lien mortgage loan in an amount that is 20% of the purchase price. Only purchases of a primary residence are eligible. Max LTV is 100%. Payment examples assume purchase price of $125,000 and do not include amounts for taxes and insurance premiums. The payment obligation will be greater. FIRST LIEN MORTGAGE - 10-year balloon only, amortized over a 30-year period. Borrowing $100,000 at 7.545 % Annual Percentage Rate ("APR"), will result in 119 payments of approximately $664.63 and one (1) balloon payment of approximately $85,792.38. Escrow required. SECOND LIEN MORTGAGE in the form of a home equity line of credit ("HELOC"). HELOC - 10-year draw and 15-year repayment period with a variable interest rate. During the draw period, your payment will be 1.3% of the balance or $15, whichever is greater. (Ex: Interest rate of 8.500% with $25,000 balance results in payment of $325)
Rates
| Description | Loan Term \ Details | APR* | Interest Rate |
|---|---|---|---|
| MSHDA | 5% Down Payment Payments amortized 360 months |
6.348% | 5.750% |
| MSHDA with DPA** | 10% Down Payment Payments amortized 360 months |
6.932% | 6.375% |
| 10 Year Balloon | 20% Down Payment Payments amortized 360 months |
6.428% | 5.990% |
| 10 Year Balloon | 5% Down Payment Payments amortized 360 months |
6.625% | 5.990% |
| 15-Year Fixed | 5% Down Payment Payments amortized 180 months |
6.621% | 6.000% |
| 20-Year Fixed | 5% Down Payment Payments amortized 240 months |
6.299% | 5.750% |
| 30-Year Fixed | 5% Down Payment Payments amortized 360 months |
6.144% | 5.750% |
| 30-Year Fixed, Home Possible | 3% Down Payment Payments amortized 360 months |
6.267% | 5.875% |
| Land Loan | 20% Down Payment, Payments amortized up to 240 months | 9.478% | 8.000% |
*APR=Annual Percentage Rate. Rates listed represent our best rates. Rates, terms and conditions vary based on creditworthiness, qualifications and collateral conditions. All loans are subject to approval and rates are subject to change without notice. Other conditions may apply. **Down Payment Assistance The Annual Percentage Rates for the 15-Year, 20-Year, and 30-Year Fixed loans are quoted without PMI premiums or any discount points. To view Payment Examples please select the hyperlinks on each loan rate. | |||
NOW AN APPROVED MSHDA LENDER!
Down Payment Assistance. Qualified first-time homebuyers can be approved to receive $10,000 towards their down payment.
As little as 1% down. Borrowers may be able to purchase as a first-time home buyer with as little as 1% down.
Previous homeowners. Buyers who have owned a home previously may qualify for MSHDA program in targeted property areas.
Calculators
Mortgage Team
We have the local knowledge of Michigan towns and cities and the financial knowhow for quick approvals. We’ll be right by your side through each step of the process, from start to finish. When you are ready, we’re ready with all you need to make it happen.
NMLS ID #715640
Jesse Maldonado, Jr.
VP Mortgage Lending
989.799.8744 ext. 1401
State Street, Saginaw
NMLS# 433139
Rebecca Swanson
Mortgage Supervisor
989.799.8744 ext. 1402
State Street, Saginaw
NMLS# 759033
Laurin Light
Sr. Mortgage Loan Officer
989.799.8744 ext. 1408
State Street, Saginaw
NMLS #1817692
Ashley Kubacki
Mortgage Loan Officer
989.799.8744 ext. 1407
State Street, Saginaw
NMLS #2327065
Kat Wallaert
Mortgage Loan Closer
989.799.8744 ext. 1403
State Street, Saginaw
NMLS #2418233
Deb Baum
Mortgage Underwriter
989.799.8744 ext. 1405
State Street, Saginaw
NMLS# 819547
Kelly Prast
Mortgage Servicer/Escrow Specialist
989.799.8744 ext. 1409
State Street, Saginaw
NMLS# 763553
FAQs
Home Mortgage Disclosure Act Notice
The HMDA data about our residential mortgage lending are available online for review. The data show geographic distribution of loans and applications; ethnicity, race, sex, age and income of applicants and borrowers; and information about loan approvals and denials. HMDA data for many other financial institutions are also available online. For more information, visit the Consumer Financial Protection Bureau’s Web site.
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