Home Mortgage Loans

Home Mortgage Loan Programs

You are due for a win. You continue to hear that rates are at an all-time low. But with so many scams and businesses trying to take advantage of this unstable environment, how can you know who to trust?

Jarrettsville Federal has a secure online platform for your mortgage lending and refinancing needs. With competitive rates for the taking, now is the time to take advantage, but don’t compromise your peace of mind.

Jarrettsville Federal offers a variety of reliable programs to assist all types of borrowers, from first-time homebuyers to long-term homeowners who are purchasing again or refinancing. Your loan officer will explain these products in detail and help you determine which loan is best for your individual situation.

Fixed Rate Conventional Loans

• Competitive rates and closing costs
• 30, 20, 15 and 10-year terms available
• Easy budgeting and long-term planning
• PMI will be required if a 20% down payment is not made

Construction Loans

• Competitive rates and closing costs
• A single settlement saving you money
• Interest only payments for the first year
• Bank supervises the time line for the draws

Federal Home Loan Bank (FHLB) Grant Funds

• First-time Homebuyer Program provides up to $12,500 for down payments and closing costs of first-time homebuyers.
• Community Partners Program provides up to $15,000 for retired or current law enforcement officers, educators, healthcare workers, firefighters, and other first responders; veterans or active duty members of the military or surviving spouse; or COVID related essential workers.
• Purchased home must be used as the homebuyer’s primary residence
• Income must be less than or equal to 80% of HUD median income for the area, adjusted for family size.
• Funds subject to availability.

Lot Loans

Used to purchase unimproved property to be built on in the future.

For more details and to apply contact Crissy at 410-692-5151, Ext. 230 or chaley@jarrettsvillefederal.com  NMLS #1158115