EXCITING NEWS: West Street Remodel Coming Soon! Our West Street Banking Center will be closed on Saturday, June 10th to start demolition for renovation.
All deposits are fully insured at Country Bank through both FDIC and DIF. Please Click Here to view our 2022 Annual Report.
Buying a home is stressful enough without wondering what’s going on with your loan. At Country Bank, our mortgage experts will be with you every step of the way. It’s just one way we help make a real difference for our homebuyers.
If you’d like to gain a better understanding of the process first, we’ve broken it down below.
Contact a lender to learn more about these different offerings.
POPULAR OPTIONS:
ADDITIONAL OPTIONS:
| Product | Interest Rate | Points | Annual Percentage Rate | Monthly Payment per $1,000 |
| 30 Year | 6.750% | 0 | 6.860% | $6.49 |
| 6.250% | 1 | 6.454% | $6.16 | |
| 6.000% | 2 | 6.298% | $6.00 | |
| 20 Year | 6.375% | 0 | 6.517% | $7.38 |
| 6.125% | 1 | 6.393% | $7.24 | |
| 5.625% | 2 | 6.016% | $6.95 | |
| 15 Year | 6.250 | 0 | 6.427% | $8.57 |
| 6.000% | 1 | 6.336% | $8.44 | |
| 5.625% | 2 | 5.118% | $8.24 | |
| 10 Year | 6.125% | 0 | 6.374% | $11.16 |
| 5.875% | 1 | 6.349% | $11.04 | |
| 5.625% | 2 | 6.324% | $10.91 |
Including Construction.
All Annual Percentage Rates (APR) listed below 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 Loans Subject to Credit Approval.
Country Bank will lock in the interest rate for sixty (60) calendar days from the date of the receipt of the loan application.
Mobile Homes with own land will be financed as 3/3 ARM, 5/3 ARM, 7/3 ARM or 10/1 ARM; 15 Year (180) amortization.
Contact a lender to learn more about this program.
*Maximum financing is based on sales price or appraised value, whichever is less.
Additional Disclosures: Homebuyer counseling required prior to closing. For 2 family properties, Landlord counseling is also required prior to closing. First Time Homebuyer is classified as not having owned a home within the last 3 years. Property being purchased must be located in Country Bank’s Assessment Area.
Please call Country Bank at 800-322-8233 for any questions on the No Down Payment First Time Homebuyer Program.
Click here for rate information.
When you’re applying for a mortgage loan, 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.
If you are looking to purchase a home, your first step is to get pre-qualified. Fill out an
application for a prequalification; once it is submitted, the bank will obtain your credit
report and request income documentation. We will then determine the amount that
you would be approved for and issue a prequalification letter. This letter can be used
to put in an offer on a home. For refinances, simply complete an application on our
online portal, and a loan officer will be in touch to review your application and answer
any questions you have.
Once we have received and reviewed your submitted application, you will
receive your initial loan disclosure paperwork. This will include your loan estimate (a
breakdown of potential closing costs associated with your transaction). Your loan officer
will then work with you to gather documentation of your income, assets, and any other
information that is needed to complete your file. All paperwork, along with your signed
disclosure package, will be submitted to a loan processor who will be your point of
contact throughout the processing of your application.
The loan processor will order your appraisal and will submit your paperwork to
an underwriter who will certify that you meet the loan eligibility requirements.
You may also be asked to submit additional documentation for the underwriter’s
consideration.
The property will be appraised to establish its current market value. This is a
crucial step since most loans require a specific amount of equity as compared to
the loan amount based upon the appraisal.
After underwriting has approved your loan, 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 closing disclosure. This is a very important
document as it breaks down the amount needed to bring to the closing.
Attend your closing where you will be given the opportunity to review all your
loan documents. Once you approve and sign the loan documents, the loan
process is complete. Within two weeks of closing, you will receive a welcome
letter with all the important details of your new loan.
