Home Loans1
Helping you make the dream come true.
Helping you make the dream come true.
You’ve heard the horror stories of loans being sold from one bank to the next. Well, at Salem Co-op we look to keep your mortgage when it comes to servicing your loans. Applying is easy and can be done in-person, online, by phone or by mail; we’ll even help you save on closing costs.
Salem Co-op is also committed to giving you the best rate we can. Once you apply for your mortgage and pay the required application fees, your rate is locked for up to 90 days (180 days for new construction). If our rate goes down during the application process, we will automatically pass the savings along to you with a lower rate up to 10 days before closing.
Buying your first home can be overwhelming. Fortunately, with Salem Co-op, our experienced mortgage officers are available to walk you through the process from beginning to end.
With a fixed rate mortgage, you’ll always know what your monthly payment will be. We offer a variety of different terms to meet your needs.
A true, no gimmick, no PMI program designed to save you money.
All the little hidden costs that surface when building a home can add up, causing your budget to skyrocket. With one closing for both the construction loan and your mortgage, you can focus on building your dream home. You’ll know the rate and mortgage payment before the foundation is even poured.
Jumbo mortgages are home loans that exceed conforming loan limits and can allow you to finance a high-priced or luxury home.
Get away from the hustle and bustle of everyday life with a seasonal property.
An Adjustable Rate Mortgage (ARM) is ideal if you want to take advantage of a lower rate now or if you plan to stay in your home for a shorter amount of time. With an ARM, the Interest Rates start out fixed for a set number of years. Once this period ends, the interest rate becomes variable and can adjust up or down each year.
Let your home’s equity work for you-build a new addition, pay for your child’s college tuition or consolidate debt.
Ready to buy a home? Let us help—contact Salem Co-operative Bank today to learn more and discuss your options.
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