Mortgage Products | Bank 34

Mortgage Products

Mortgage Solutions For Everyone

Helping people achieve their dream of home ownership has been Bank 34’s passion from the beginning. Whether you’re building your dream home or looking to buy an existing one, we work closely with you to make that dream a reality.

Mortgage Loan Products

  • Purchase & Refinance (Rate & Term or Cash-out)
  • Primary residence, second home or investment properties
  • Conventional, FHA, VA, and Jumbo
  • USDA & USDA Streamlined Assist
  • Non-prime products available (e.g., credit scores as low as 500; borrowers with a low down payment; bank statement designed for self-employed borrowers or if you had credit events such as history of late payments, bankruptcies or foreclosures if 36 months out)
  • Home Equity Loans – 1st or 2nd on primary or secondary residence; Portfolio in-house loan, Competitive and fully amortized fixed rate
  • Home Equity Lines of Credit (HELOC)- 1st or 2nd on primary or secondary residence; Portfolio in-house loan, Adjustable rate
  • Residential Home Construction/Home Improvement Loans – Portfolio in-house loan; 6-12 month terms. Minimum loan amount $5,000 and maximum LTV is lesser of up to 90% of cost or 80% of appraised value
  • Improved Land Loans – Portfolio in-house loan
  • Quick, simple and free Pre-Qualifications by telephone, in person, or Pre-Qualification form online in the Mortgage Lending section
  • Mortgage Loan Consultant available 7 days a week by appointment or Apply Now link online in the Mortgage Lending section

FHA Loans

Federal Housing Administration (FHA) loans allow you to purchase a home with as little as 3.5% down. Because of the low down payment, borrowers are required to pay a mortgage insurance premium (MIP) on top of their monthly payment. The FHA program has been in place since the 1930s to help stimulate the housing market by making loans accessible and affordable. Traditionally, FHA loans have helped military families who return from war, the elderly, handicapped, or lower-income families, but really, anyone can get an FHA loan – they are not just for first-time home buyers.

  • FHA
  • FHA Streamline Refinance
  • FHA 203H
  • FHA 203K Standard program combines repairs and home financing into one loan. It allows borrowers to finance the purchase or refinance of an existing home and make improvements or upgrades up to 50% of the “subject-to” appraised value
  • FHA 203K Limited program combines repairs and home financing into one loan. It allows borrowers to finance the purchase or refinance of an existing home and make improvements or upgrades up to $35,000 and $5,000 minimum repair costs required
  • FHA REO 203(b) Repair Escrow

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Veteran Administration (VA) Loans

Bank 34 is proud to serve the U.S. Armed Forces and Veterans. VA loans provide 100% financing to eligible veterans, active duty members, reservists, National Guard members, and surviving spouses.

  • VA Mortgage Loans featuring 0% down and flexible credit score requirements for qualified U.S. Veterans
  • VA Interest-Rate Reduction Loans with minimal closing costs and flexible credit score requirements

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USDA Loans

USDA & USDA Streamlined Assist programs are backed by the U.S. Department of Agriculture and are available for homes in eligible rural areas. While USDA loans do not require a down payment, they do require mortgage insurance.

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