Home Federal Offers
a Full Range of Residential Mortgage Loans
The
Home Team specialists, Home Federal's group of dedicated mortgage
lenders and support staff, can find the right solution for nearly every
buyer's situation and help match you with a mortgage you can live with.
Along with skills and experience, they have the Home Team advantage -
loan decisions are made locally, so you get fast loan approval, even
free pre-approval. Home Federal offers a variety of different
loans:
■
Conventional
Fixed Rate
■
Adjustable Rate
■
FHA
■
VA
■ NIFA
■
Construction Mortgage
■ Bridge
Loan
■ Rural
Development
Not only are loan decisions made locally,
Home Federal also offers local servicing on most conventional loans.
After reviewing the following variety of mortgages and finance options,
Apply Now or
contact
us with further questions. Also available is:
■ a
Documentation Checklist, to
let you know what will be needed
■
Financial Calculators to help determine
payments and loan options
All of our loans have online pre-approval applications
available.
Conventional Fixed
Rate Mortgage
A typical conventional mortgage is a loan for your home that carries a
fixed interest rate for a 30 year term, but you can also consider a shorter term.
Although the monthly payment will be higher, you'll pay significantly less total interest
and build equity more quickly. The monthly
payments for principal and interest remain the same since
the interest rate does not vary. To figure
payments and see how much you might qualify for, use our
Financial Calculators. Then you can apply online.
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Adjustable Rate Mortgage
With an adjustable rate loan, the
interest rate will be fixed for an
initial period of one year or more, and then it will change annually.
Initial rates on an adjustable loan are typically lower than
conventional fixed mortgage rates. This can result in lower
monthly payments if you plan on increased earning power in future years
To figure payments and see how much you might qualify for, use our
Financial Calculators. Then you can apply online.
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FHA Mortgage
The Federal Housing Administration will
insure loans that meet maximum loan amount guidelines. The benefit
of its participation is a smaller down payment requirement. If
this would help you get into a new home, talk to us about qualification.
Being pre-approved may speed up negotiations. To
figure payments and see how much you might qualify for, use our
Financial Calculators. Then you can apply online.
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VA Mortgage
This is a loan for your home that is
guaranteed by the Veteran's Administration. There is no down
payment required; however, you must have proof of your veteran's
eligibility. Certificates of eligibility are available at the VA office.
If you qualify, we will be honored to help you take advantage of this
benefit. To figure payments and see how much you might qualify for, use our
Financial Calculators. Then you can apply online.
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NIFA Mortgage
The Nebraska Investment Finance Authority offers a source of lower rate
financing to first-time homebuyers who meet all requirements, including the household
income limits and maximum purchase price limits for the home. NIFA
funds are available for FHA, VA, Rural Development and Conventional loan
types.To figure payments and see how much you might qualify for, use our
Financial Calculators. Then you can apply online.
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Construction Mortgage
Building? Construction loans are available for primary residences,
second homes, and investment properties. They can be short or long term and can have
a fixed rate or an adjustable rate. There is a maximum term of 30 years for most
projects.
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Bridge Loan
Do you need to close on your new home before you sell your current home?
We have the solution for you. A bridge loan is a short term loan that lets
you access the equity in your current home, letting you close on your new home and move
on. To find out if you qualify for a bridge loan, you can apply online..
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Rural Development
Mortgage
If you are interested in a home in a "rural" area, and meet
income guidelines, you may qualify for a loan guaranteed by the USDA Rural Housing
Program. No down payment is required. Many properties in the countryside and small towns of our area fall
within the "rural" designation. To see if the home you are interested in
buying qualifies for a Rural Development Mortgage, apply online.
today.
Note: Conventional Fixed Rate, Adjustable Rate Mortgages and
Construction loans are available for primary residences, second homes
and investment properties.
For more information on mortgage loans, check out our competitive
Rates. To
figure payments and see how much you might qualify for, use our
Financial Calculators. Or, if you're ready, Apply Now. If you have any
other questions, please
contact us.
