Financing To Get You Into Your Dream Home
Purchasing a home is one of the biggest decisions you will ever make. You will spend a lot of time focusing on what features are going to be important in your new home, but you should also spend a lot of time focusing on what you are looking for in a lender. Austin Bank can service your lending needs throughout the entire process, from pre-approval to closing. Stop into your local office to speak with one of our mortgage lenders about your home loan needs. You can also download the Consumer Financial Protection Bureau’s home loan toolkit to better prepare yourself for your application process.
Home Loan Toolkit Contact our Offices Start your mortgage application
Home Loans We Offer
| Loan Type | What You Should Know |
|---|---|
| Fixed-Rate Mortgage | This is a loan for those who want to make a consistent payment each month and plan to own their home for more than 10 years. Your rate stays the same throughout the term of the mortgage. |
| Adjustable-Rate Mortgage | The rate for this loan is fixed for an initial period and then is subject to change. Adjustable rate mortgages offer flexibility to borrowers and are ideal for those who plan to own their home less than 10 years. |
| VA Mortgages | VA mortgages are offered through the Department of Veteran Affairs for veterans and their immediate family or survivor spouses. Benefits of VA mortgages include reduced down payment requirements and no mortgage insurance requirements. |
| First Time Homebuyers Loan | These loans are designed to help homebuyers overcome some of the barriers to home ownership. First time homebuyer loans typically have lower down payment requirements and fixed interest rates. |
| Construction Loans | Build your dream home the way you want. Construction loans give you the ability to pay for costs associated with building your new home, including purchasing materials. |
| Home Loan Refinancing | If interest rates are lower than when you first applied for your mortgage loan, refinancing your loan can be a great option. Refinancing will reduce the amount of interest you pay on your loan, potentially saving you thousands of dollars over the lifetime of your loan. |
| Home Equity Loans | Use your home’s built up equity to your advantage. Home equity loans are available as a lump sum loan that can be used to pay for a variety of items, including home renovations and debt consolidation. |
Are you ready to take the next step and apply for a mortgage loan?
(Loan products available via the online portal include home purchases, refinancing, and home equity loans. Construction and land only loans not currently available online. For help with those loans, please speak to a lender at your nearest location.)
Our online application process allows you to get started on your mortgage application from your smartphone or computer, safely and securely. Once you have entered the portal, you'll be asked a series of simple questions and upload necessary documents. You can start your application here or connect with a mortgage loan officer for help.
When your application is submitted, you will be contacted by a lender to further discuss the loan process and assist you through the underwriting process.
DISCLOSURE: Loan approval is subject to credit approval and program guidelines. Not all loan program are available for all loan amounts. Interest rate and program terms are subject to change without notice.
AB Community Investment Company
ABCIC’s affordable housing program is designed to help low- to moderate-income applicants find solutions that will allow them a path to homeownership. This program includes:
- More favorable loan terms
- Reduced closing costs
- Escrow for taxes and insurance
- Homeowners Education Program provided at no cost
There are income requirements as well as employment and residency requirements involved in this program. All loans are subject to credit approval.
Have you filled out a loan application (mortgage, car, credit card, etc.) with a lender and wondered why you were quickly contacted by another? This could be the result of trigger leads. Click here to learn more about Trigger Leads.