Choose Your Mortgage

• Variable interest rate
• Rate may be lower initially than fixed-rate mortgages
• Choose an initial adjustment period of 5, 7 or 10 years
• Down payment could be as low as 10%

An adjustable-rate mortgage can be your best avenue for optimal savings. It depends on the current interest rate, your home’s total cost and how you feel about a rate that will change. 

If you don’t plan to stay in your home for a long time, you’ll want to consider an adjustable rate loan when rates will be lower in the beginning.

• Borrow up to 95% of either the appraised value of the property with Private Mortgage Insurance (PMI) or the cost of the construction, whichever is lower
• Available as a fixed or adjustable rate loan
• No prepayment penalty
• Up to five draws are available to help you finance your construction costs throughout the process

If you’re looking to build your new home, our Construction to Permanent Loans help you save on mortgage costs. While your home is in construction, you pay only the interest on your mortgage until your construction period is complete.

Then your mortgage converts to a fixed or adjustable rate loan. It’s never been easier to finance a home from building it to living in it.

• Down payments as low as 0%
• No Private Mortgage Insurance (PMI) charges
• Fixed and adjustable rate mortgages available for purchases and refinances
• Student loan payments may be excluded from debt-to-income calculation
• Construction financing available

If you’re a medical doctor, resident, dentist, podiatrist, ophthalmologist or veterinarian, a Doctor and Resident Loan may be for you. We offer these loans with special mortgage financing terms to help make financing that dream home an easy procedure.

Enjoy special rates and up to 100% financing. Your student loan payments may be excluded from your debt-to-income calculation, making it easier to qualify for your loan.

• Available for home purchases and limited cash-out refinances
• Put as little as 3% down
• Affordable and cancellable mortgage insurance available
• Wide range of down payment and closing cost funding sources accepted
• Income limit is 80% of Area Median Income*
• Homeownership education and counseling options are available

*Area Median Income data source is Fannie Mae.

The Fannie Mae HomeReady® Loan program offers fixed-rate mortgage loans designed to make home ownership more accessible for more people. Created to meet the needs of borrowers with low-to-moderate income, HomeReady™ offers affordable financing with flexible terms.

Wide range of down payment and closing cost funding sources accepted including gifts, grants, cash-on-hand and Fannie Mae Community Seconds.

• Backed by the U.S. Federal Government
• Competitive terms
• Down payment of 3.5%
• Low closing costs
• Easier qualifying credit requirements

Since 1934, the Federal Housing Administration (FHA) has been helping people become homeowners by insuring the loan so your lender can ultimately offer you a better deal. Benefits include low down payments, low closing costs and easy credit qualifying. 

FHA loans offer competitive terms and require a down payment of just 3.5% on one to four unit properties.

• Interest rate stays the same for the life of the loan
• Available with 30-, 20-, 15- and 10-year terms
• No prepayment penalty
• Down payment can be as low as 3%

The main value of a fixed-rate mortgage is its interest rate doesn’t change. If interest rates are low, and your credit score is optimal, a fixed rate mortgage could lock in the best rate possible for the duration of your mortgage.

• Down payment as low as 10% with no Private Mortgage Insurance, when combined with a second mortgage or line of credit
• Fixed and adjustable rate mortgage financing available
• Special financing available for doctors/residents

A jumbo loan lets you take out a larger amount than a traditional mortgage would allow. We’re proud to offer competitive rates to ensure you get the house of your dreams.

• Fixed-rate loan
• Gives a buyer up to three years to close on a construction loan
• Maximum loan amount: $250,000
• Lot size can be up to 5 acres
• Borrower needs to have a Warsaw Federal Construction-to-Permanent loan in place at end of loan term, or pay the Lot Loan in full

Our Lot Loan Program can help you purchase the land you want now, with the freedom to start building your dream home at a later date. Use this fixed-rate loan to buy up to 5 acres of land without the financial burden of simultaneously paying for construction costs.

• Financing available for 1-4 unit owner-occupied properties
• Conventional and government-insured loans including FHA, VA and USDA-RD are available
• May be combined with other Down Payment Assistance Programs
• May be combined with the Mortgage Tax Credit Certificate*, a dollar-for-dollar federal tax credit, which reduces the actual tax owed, that’s good for the life of your loan.
• Available in all 88 counties in Ohio
• Borrowers must be first-time homebuyers and meet OHFA’s income and purchase price limits

Active military and veterans, firefighters, emergency medical technicians, paramedics, health care workers, police officers, and teachers make a difference in our communities every day. We help Ohio’s heroes make their dream of homeownership a reality.

• Choose a rate and term refinance or a cash-out refinance
• Refinance your loan even if your current mortgage is with another bank
• Low closing cost options available

When you refinance your home, you replace your current mortgage with a new, more favorable one. There are many reasons why refinancing your mortgage could be a good idea, like taking advantage of lower interest rates. You can also leverage your financial position if it’s greatly improved since you were approved for your initial mortgage. 

If you have equity in your home, you may be able to take out a new mortgage for more than what you owe, so you can use the extra cash for other expenses. Refinancing could also eliminate your private mortgage insurance (PMI) payments. 

Other reasons are to avoid a balloon payment or refinance an adjustable-rate mortgage to a fixed term.

• Fixed-rate loan
• Owner-occupied, single family and non-farm residences or FHA-approved condominiums are eligible
• Rate and term refinancing available for existing USDA loans
• Loan amounts as high as $510,400 for eligible properties
• Qualified borrowers can finance up to 100% of the appraised value, including most closing costs
• Property must be located in a designated Rural Development rural area*
• Your adjusted income may not exceed the Rural Development household limit for the area*

Looking to purchase a single-family home or condo in a rural area? A USDA Rural Housing Loan may be for you. These loans are designed for individuals to get a low mortgage interest rate and qualified borrowers can finance 100% of the home’s cost.

• Funded by the  U.S. Department of Veterans Affairs
• Qualified borrowers can finance 100% of the home’s cost
• No down payment required

The U.S. Department of Veterans Affairs offers eligible veterans the chance to enjoy homeownership with special lending terms, no matter if they want to buy, build, repair, retain or adapt a home for personal occupancy. 

Qualified borrowers can finance 100% of the home’s cost – no down payment necessary. Eligibility requirements are determined by length of service or service commitment, duty status and character of service.