Save $750 on your mortgage closing costs with our Community Heroes Program if you open or have an existing Country Bank checking account with e-Statements and Automatic payment of your mortgage from your Country Bank checking account.
Teachers
Firefighters
Law Enforcement
Emergency Medical Technicians (EMTs)
Paramedics
Active or Former Military
Medical Care Providers
Discover if you are eligible for our Community Heroes program. Here’s what you’ll need to qualify:
Contact one of our Mortgage experts to see if you qualify.
| Product | Interest Rate | Points | Caps* | Annual Percentage Rate | Monthly Payment Per $1,000 |
|---|---|---|---|---|---|
| 10/1 ARM (30 Year) | 6.125% | 0 | 2% / 4% | 6.458% | $6.08first ten years (120 payments). $6.38after initial adjustment (240 payments)** |
All Annual Percentage Rates (APR) listed assume a $165,000 mortgage and a 20% downpayment unless otherwise stated. Private Mortgage Insurance (PMI) required if the downpayment is less than 20%.
Rates shown are for owner-occupied properties.
Rates, APR (Annual Percentage Rate) and margin are subject to change based on factors such as points, loan amount, loan-to-value, borrowers credit, property type and occupancy.
Payments do not include amounts for taxes and insurance premiums, if applicable; the actual payment obligation will be greater.
All loan applications are subject to credit approval
Country Bank offers 60 day rate locks. You have the ability to lock in your interest rate for 60 days at any time during the loan process (up until 10 days before the closing).
Rates May Increase After Consummation. Mortgage payments per $1,000 based on 30-year amortization. Payment based on fully indexed rate for next adjustment period.
*CAP Structure: Initial Adjustment/Lifetime Adjustment. The margin on all Adjustable Rate mortgages is 2.750% unless otherwise noted.
Disclaimer: This calculator is for informational purposes only and its use does not guarantee an extension of credit. Your actual term and payment will be provided upon acceptance of a Country Bank Loan.
When you’re applying for a mortgage, it’s important to have someone you trust at your side. We’re experts at walking you through the entire process, answering your questions, and cheering you on to success. It’s what we’re made to do.
VICE PRESIDENT, RETAIL LENDING BUSINESS DEVELOPMENT OFFICER
NMLS #5549
jcalheno@countrybank.com
Direct Dial: 413-277-2370
Cell: 413-626-0395
Fax: 413-234-3243
RETAIL LOAN OFFICER
NMLS #432695
jsoucia@countrybank.com
Direct Dial: 413-277-2348
Cell: 413-262-2141
Fax: 866-757-5784
RETAIL LOAN OFFICER
NMLS #618959
jvelez@countrybank.com
Direct Dial: 413-277-2318
Cell: 413-636-2925
Fax: 866-506-7515
RETAIL LOAN OFFICER
NMLS #432698
kkemp@countrybank.com
Direct Dial: 413-277-2383
Cell: 774-200-5017
Fax: 866-726-4071
RETAIL LOAN OFFICER
NMLS #689658
lsanchez@countrybank.com
Direct Dial: 413-277-2041
Cell: 413-209-4823
Bilingual
Servicio en Español
Take control of your future finances and set yourself up for success by making informed mortgage choices today.
We have you covered! Here is the information you’ll need when you are ready to apply for a mortgage.
STEP 1: GET PRE-QUALIFIED TO MAKE YOUR PURCHASE
Fill out a mortgage application for a prequalification. As part of this process we will obtain your credit report and request income documentation. We will then determine the amount you would be approved for and issue a prequalification letter. This letter can be used to put in an offer on a home.
STEP 2: APPLYING FOR YOUR MORTGAGE LOAN
If you are purchasing a property, you will want to contact your loan officer to get your mortgage application started and submitted once an offer is accepted. If you already own the property than simply reach out to a loan officer to get the mortgage application started and submitted.
STEP 3: REVIEW LOAN ESTIMATE
Once we have received and processed your submitted mortgage application, you will receive your initial loan disclosure paperwork which includes your loan estimate which includes a breakdown of potential closing costs and an estimated sum of necessary funds needed to complete your transaction.
STEP 4: PROPERTY APPRAISAL
Once you have reviewed your initial disclosure package and signed your intent to proceed. The appraisal fee will be collected and your appraisal will be ordered. The property will be appraised to establish its current market value.
STEP 5: UNDERWRITING PROCESS
The Loan Processor will submit your paperwork to a Residential Mortgage Underwriter who will underwrite this file to secondary market guidelines.
STEP 6: LOAN APPROVAL PACKAGE
After underwriting has approved your mortgage, the loan approval package will be sent out to you. Typically, this package will contain any outstanding loan conditions that are needed before the closing can be scheduled with the attorney. Once underwriting has received and reviewed the outstanding conditions, the loan will be cleared to close. At that point you will begin to work on scheduling the closing with your attorney. At least three days before your closing, you will receive your initial closing disclosure. This is a very important document as it breaks down the amount needed to bring to the closing.
STEP 7: CLOSING
The “closing” is the last step in buying and financing a home. This is when you and all the other parties in a mortgage loan transaction sign the necessary documents. Before you sign, make sure you carefully read and understand all the loan documents.
Closing costs are the fees you pay to complete your loan; they include but are not limited to origination fee, title insurance, prepaid escrows, and more. Closing costs will vary depending on many different factors including the loan program applied for, down payment, etc. Your loan officer will provide you with a loan estimate that will break down expected closing costs.
Disclosures
** Maximum financing is based on sales price or appraised value, whichever is less. Additional Disclosures: Loan Product Available for Community Heroes that will be purchasing a property or are currently employed in Country Bank’s Assessment Area. $750 closing cost credit is only valid on Community Heroes Program applications received, approved and closed with Country Bank. All loan applications subject to credit underwriting and property approval (subject to change at any time). The incentive will be applied as a Lender Credit on the Closing Disclosure at time of closing if you open or have an existing Country Bank checking account, along with the two following services: e-Statements and Automatic payment of your mortgage from your Country Bank checking account. Other fees may apply. All accounts and services must be established within twenty (20) days from the date of application or the incentive to receive the credit is null and void. All accounts and services are subject to individual approval. Cannot be combined with any other offer. Only one (1) coupon per mortgage application allowed. This offer can be withdrawn at any time.
Experience the difference of exceptional service when you stop by a local banking center.
Knowing where your current mortgage stands can help you manage refinancing possibilities in the future.
In just a few taps, you can pay your mortgage or even set up a recurring payment so you can focus on what matters most.
Make an extra principal-only payment on your mortgage so you can pay your loan off faster.