How much can you borrow via Exchange Bank and Trust Home Mortgage Loans?

Exchange Bank and Trust Home Mortgage Loans allows borrowers to apply for loan amounts of up to $600,000. Note that the maximum loan amount you can borrow will also vary depending on the type of mortgage you choose, regardless of the lender you choose.

What is the maximum loan term you can get with Exchange Bank and Trust Home Mortgage Loans?

Exchange Bank and Trust Home Mortgage Loans offers mortgages with terms ranging from 15 to 30 years. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

What range of rates does Exchange Bank and Trust Home Mortgage Loans offer?

Exchange Bank and Trust Home Mortgage Loans offers home loans with APRs starting at 2.875% .

Does Exchange Bank and Trust Home Mortgage Loans charge prepayment fees?

No, Exchange Bank and Trust Home Mortgage Loans does not charge prepayment fees. This means you will not have to pay additional fees if you decide to repay the mortgage early.

What mortgage programs does Exchange Bank and Trust Home Mortgage Loans offer?

Exchange Bank and Trust Home Mortgage Loans offers the following mortgage types:

• Conventional mortgages: This includes any mortgage that is not insured or guaranteed by the federal government.
• FHA: Mortgages insured by the FHA, which usually have less stringent eligibility requirements, but borrowers must pay a mortgage insurance premium. Co-applicants are allowed and you can qualify for a down payment as low as 3%.
• Jumbo: Any mortgage with a loan amount above the conforming loan limits set by Fannie Mae and Freddie Mac. As of 2018, the jumbo threshold is $453,100 in most of the United States.
• USDA: A zero down payment mortgage loan with low rates for suburban and rural homebuyers.

What property usage types does Exchange Bank and Trust Home Mortgage Loans allow?

Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Exchange Bank and Trust Home Mortgage Loans allows the following property usage types: 

• Primary home