Mortgages, HELOCs and Other Financing
Not only do we have very competitive interest rates and low closing costs on our loans, but you will always have our personal service for the life of the loan.
It is important to have the option to stop in and talk directly to a loan officer. If you would rather email or call, we do that too. We do not sell your loan. We do not sell the servicing on your loan. You will never have to call a toll-free number and get lost in a phone chain to find an answer.
We are happy to provide these products and services
Home Purchase, Refinance, or Lot Loans
When you are looking to purchase or refinance a new home PSALC offers:
- Some of the lowest closing costs in the area.
- Home purchases as low as 3% down for qualified customers.
- Preapprovals are available to help you feel confident in purchasing that new home.
- Competitive interest rates.
Construction Loans
Construction Permanent loans are loans that allow you to pay interest only during the construction phase and then the loan automatically transitions into your full monthly payment after construction is finished. This loan also offers:
- Some of the lowest closing costs in the area.
- Competitive interest rates.
Home Equity Loan
Do you need a ‘Home Equity Loan’ for a needed repair or expense? With this type of loan you can use the equity you’ve built up in your home to pay for unexpected repairs or expenses.
HELOC
This is a ‘Home Equity Line of Credit’. This allows you to take money out and then as you pay it back you can take more money out. It is like a credit card that uses the equity in your house to borrow money. This can be a great way to pay for expenses or remodeling costs.
Fixed Rate Loans
The main advantage of having a fixed rate loan is that your payments won’t change due to the interest rates changing.
Adjustable Rate Loans
This type of loan may be a good idea if you believe the interest rates are going to go down or you are only planning to have the loan for a shorter period of time.
Portfolio Loans
These are loans held in house by the bank for the life of the loan. In the current environment of banking this is rare to find. We want to let you know that all of our loans are portfolio loans. We do not sell the loan or the servicing of your loan. You will always be able to stop in, call, or email us with any questions.
Bridge Loans
This is a Home Loan that allows you to use the equity in your existing home to purchase your new home.
Mortgage Loan Calculator
Please keep in mind if you wish to get our current rates or have any other questions on our mortgages, please feel free to contact us.
This calculator is for estimates only and does not reflect your exact situation. This can only be done by one of our loan officers.
Looking to purchase or refinance your home?
We’re here to answer your questions, and we will get back to you as quickly as we can.
You can also call us @ 419.562.6896 or drop by, we are happy to help you no matter how you wish to communicate.