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Real Estate Loans

At Community Bank, we want to help you find a mortgage loan that's a perfect fit for you and your family. Purchasing, constructing, refinancing, or renovating your home is a huge undertaking and our goal is to make the process as easy and simple as possible.

Institution Identifier Number - #757405

Mortgage Loan Originator Identifier Numbers  

Donald Treharne - #758451

Thomas Kiernan - #758450

Linda Reichle - #758449

Tiffany Leibold - #747647

Our mortgage experts will work with you to find the loan that best fits your needs. We offer the following types of mortgage loans with a variety of terms:

Community Bank often has incentives for low to moderate-income individuals, families, and first time homebuyers. For more information about these incentives or any of the loan products listed above, please contact one of our real estate lending professionals.

 

FIXED RATE MORTGAGES

The interest rate and payments remain constant for the term of the loan. These loans are sold on the secondary market.

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IN HOUSE BALLOON MORTGAGES

They are available with fixed rates and long-term amortizations.

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CONSTRUCTION LOANS

Loans for the construction of a new home or an extensive remodeling project that will result in a refinance of the original loan. After the construction period, this loan must be converted to a long term fixed rate mortgage or an "in house" balloon mortgage.

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BRIDGE LOANS

A short-term mortgage loan that allows you to purchase another home before selling your existing home. This loan is only available to those with sufficient equity in their present property.

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INVESTOR LOANS (Rental Property)

A residential mortgage loan that allows a borrower to purchase or refinance a property that is not the borrower's primary residence.

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FHA LOANS

Long-Term amortization residential mortgage loans that follow Federal Housing Administration (FHA) guidelines. These loans are available for purchases only.

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VA LOANS

Long-Term amortization residential mortgage loans that follow Veterans Administration (VA) guidelines. You must be a veteran to qualify for this loan. These loans are available for purchases only.

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FIRST TIME HOMEBUYER LOANS

This loan product is for anyone who has not owned a home in the last three years. There are income and purchase price guidelines that also determine eligibility. This loan is underwritten by the Iowa Finance Authority and is available for purchases only.

Community Bank also participates in other loan programs that can be of assistance to low to moderate-income individuals and families, and first time homebuyers.

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Call or contact us for more information on any of the mortgage loan products listed here.

 

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