First Mortgage Loans
Harrington Bank has a wide selection of both fixed
rate and adjustable rate mortgage loans available to fit whatever need you
might have. We offer both Conforming Loans (loan amounts up to $417,000) and
Jumbo Loans (loan amounts greater than $417,000) with flexible terms and
interest rates. Our residential first mortgage loans may be used to finance the
purchase of your primary residence, secondary residence, or investment
property. They may also be used to refinance your current first
mortgage.
Here is a comparison of the features of both our fixed
rate and adjustable rate mortgages:
|
Fixed Rate Mortgages |
Adjustable Rate Mortgages
(ARMs) |
May be used to finance or refinance primary residences, second homes, and/or investment properties |
May be used to finance or refinance primary residences, second homes, and/or investment properties |
Competitive interest rates, fixed for the life of the loan |
Lower initial interest rates for the first 1, 3, 5, 7 or 10 years of the loan, then fixed for the remaining years of the loan |
Low down payments (no down payment available in some cases) |
Low down payments (no down payment available in some cases) |
Terms of 10 to 40 years |
Terms of 10 to 30 years |
Conforming loans up to $417,000 |
Conforming loans up to $417,000 |
Jumbo loans from $417,001 to $3 million |
Jumbo loans from $417,001 to $3 million |
Low and alternative documentation programs |
Low and alternative documentation programs |
"No Income Verification" programs available |
40 year terms available for some programs to help you qualify for more home |
| |
"No Income Verification" programs available |
If you are purchasing your primary
residence:
Finding the right house can be stressful and difficult
— Finding the right mortgage doesn't have to be. Our experienced loan
officers will help you decide which type of mortgage is right for you and will
be there every step of the way to answer any questions you might have. They
will also work with you through every step of the process to ensure that you
get the best deal and that everything flows smoothly and quickly.
As an added benefit, our "Pre-Approval" program is
available to approve your mortgage before you make a final decision on a
specific house or piece of property, potentially allowing you to move into your
new home even faster.
For more information or to set-up an appointment with
one of our loan officers, please call (919) 945-7873 or send an email to
(Email
Security).
« Back to Consumer Loans |
