County National Bank Mortgages

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County National Bank is aware of the tough economic times facing many of our customers, and we will make every effort to help keep qualified borrowers in their homes.

You may click on the website link below to learn about the Making Home Affordable program, which includes opportunities to modify or refinance your mortgage to make your monthly payments more affordable.

www.makinghomeaffordable.gov

We offer MSHDA Loans (see Affordable Housing Loans below)

Loan Payment Calculator

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Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice and are not advertisements. We can not and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues. The results of these calculators are for estimate only and do not reflect an absolute solution to some of your financial questions. Your income and liabilities also will affect your eligibility for a loan.

We are committed to understanding your financial needs. That's why our personal bankers will recommend a mortgage option from our complete range of financing options that will deliver the best value in the market, while keeping you on track for reaching your financial goals.

As always, our lending decisions are made locally, by our employees - decisions are made quickly and your loan is serviced locally.

Fixed Rate Mortgages

Make monthly payments a sure thing with a mortgage that lets you budget for today and tomorrow. This constancy allows you to plan for your future and budget effectively without worrying about interest rate increases. Your payments are fixed for the term of the loan. Convenient long term mortgage loans are available. You can refinance any time during the length of the loan.

Adjustable Rate Mortgages (ARM)

You can reduce your first payments and keep your money working harder with the flexible terms of an ARM. With this loan, payments and terms vary according to published rates of interest.

Affordable Housing Loans

County National Bank is able to offer a program that makes homeownership possible for low and moderate income households through The Michigan State Housing Development Authority (MSHDA). The Single Family Mortgage Program offers low interest loans with which to purchase a home. With this program, MSHDA also offers special assistance to income-eligible families to help with other needs such as down payment and closing costs.

County National Bank is also an approved lender under the Single Family Housing Guaranteed Loan program offered by the USDA. Rural Development loans are primarily used to help low-income individuals or households purchase homes in rural areas and are available to families that are currently without adequate housing. There is no required down payment.

Construction Mortgages

If you're building a new home or constructing a substantial addition, a construction mortgage may be just what you need. Draw funds against a line of credit, interest only loan to complete your construction project. We are pleased to be able to offer a one time closing program which means once the project is completed, the loan automatically converts to permanent financing. We also continue to offer a program that allows you to decide on the permanent financing after the project is finished.

Home Equity Programs

A County National Bank Home Equity Line of Credit allows you to borrow against the value of your home and offers a variable rate with a Fixed Rate Lock Option. The lock option gives you the comfort of knowing that you can lock a portion or all of your outstanding balance to a fixed rate at anytime during the draw period. This revolving line of credit, secured by the equity in your home, is the perfect way to finance home improvements, vacations or even a new car. In many cases the interest you pay is tax deductible, but check with your tax advisor for full details.

Come see the professionals at County National Bank to determine which program is right for you.