Home Lending Solutions Built for You
Purchasing a home is one of the biggest decisions you’ll make in your life. Whether purchasing a new home or refinancing your existing home, it’s important to work with a lender you can trust to put your needs first. That’s the experience you can expect when you work with Eagle Rock Bank as your mortgage lender. From pre-approval to closing, you can trust that we are with you every step of the way. If you’re ready to start the home loan application process with Eagle Rock Bank, click the button below.
The Home Application Process at Eagle Rock Bank
Follow these steps to apply for a home loan with Eagle Rock Bank:
- Complete our online application or contact our mortgage lender
- Submit your application online
- Our lenders will review your submission and be in touch with you within 2 business days
When your Eagle Rock Bank loan officer contacts you, they’ll provide you with further guidance on what to expect throughout the mortgage lending process. We encourage our home loan applicants to go through this process at the start of their home buying process. Getting pre-approved allows you to know how much you can afford when searching for your new home.
Eagle Rock Bank Home Loan Offerings
| Home Loan Type | What You Need to Know About This Home Loan |
|---|---|
Fixed-Rate Mortgage | Fixed-rate mortgages are the ideal loan for borrowers who want to be able to budget for a consistent monthly payment throughout the loan's entire term. Your interest rate stays the same for the whole term. These loans are a good option for borrowers intending to stay in their home longer than 10 years. |
Adjustable-Rate Mortgage | Adjustable-rate mortgages can be a good choice for borrowers who plan to live in their home for less than 10 years. The loan's interest rate will be fixed for an initial term before being subject to changes in the market's rate. |
Mortgage Loan Refinance | Many borrowers choose to refinance their home loan when interest rates are lower than when they initially applied for their loan. Refinancing your mortgage can lower your interest rate, reduce your monthly payment and shorten the term on you loan to help you pay your mortgage off faster. |
Cash-Out Refinance | With a cash-out refinance, you get a new home loan for more than you currently owe on your house. The difference between that new mortgage amount and the balance on your previous mortgage goes to you at closing in cash, which you can spend on home improvements, debt consolidation or other financial needs. |
Investment Property Mortgage | An investment property mortgage loan allows you to get a loan to purchase real estate that can be used to generate income. These loans typically have distinct terms and requirements compared to mortgages for primary residences. |
Current Home Loan Rates
Rates as of Nov 21st, 2024 - 1:29 am.
| Conventional Conforming Fixed Rates | TERM | RATE | APR * | POINTS | MONTHLY PAYMENT(PER $1,000) |
|---|---|---|---|---|---|
| Loan Amount Up To: $766,550 | 15 years fixed | 6.125% | 6.372% | 0.000% | $8.51 - 180 pmts |
| 30 years fixed | 6.875% | 7.030% | 0.000% | $6.57 - 360 pmts |
Variety of loans available – Conventional, FIXED, ARMS, First Time Home Buyers. Local Processing, Fast Approvals.
Rates are not guaranteed and are subject to change without notice. All loan applications subject to credit and property approval, rates are subject to credit scoring. Maximum loan limits and minimum down payment requirements are applicable.
* Rates and Annual Percentage Rate (APR) are illustrated for a $250,000 conventional purchase mortgage with 20% down payment and assumes an additional 1% origination fee with no discount points. 30-day lock. Conforming loan amounts are less than or equal to $766,550. Call for quotes on Jumbo Loans. Certain closing costs are included in the APR. Your APR may vary based upon your final loan amount and finance charge. Monthly payment per $1,000 does not include amounts for taxes and insurance premiums, and the actual payment obligation will be greater.
Meet Our Mortgage Lending Team
Crystal Hughley
AVP / Personal & Real Estate Lending
NMLS: 1389898
Division: Real Estate Lending
Location: Rochester Office
Phone: (507) 424-1571