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Community Bank

Loan Types

Let Community Bank help find the right loan for you!

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Additional Borrowers
Conventional Fixed or Arm Rate Down Payment as low as 3% Maximum loan amount $510,400
FHA Fixed Rate Minimum 3.5% down payment Gift down payment allowed from family member
VA Fixed Rate Qualified Veteran 0% down payment
No mortgage insurance
Construction Fixed Rate 80% of appraised value Interest only line of credit
Home Equity Line of Credit Fixed or Arm Rate Maximum 80% of home value Line of credit or fixed payment


A pre-approval will simplify your home buying experience. We will verify your credit, income, and assets. Community Bank will then provide you a letter with the approved loan amount for your realtor.

Pre-approval documentation:

Frequently Asked Questions

Do I need a down payment?

Typically a down payment is needed to purchase a home. Some programs allow for 0% down. The interest rate and if mortgage insurance is required are factors of the down payment.

What is mortgage insurance?

Mortgage insurance is a type of insurance that protects the lender in case of a default. Typically, transactions when less than 20% down payment is made require mortgage insurance.

How is my interest rate determined?

Rates are determined by loan purpose, credit score, collateral value, and loan amount.

How long will the loan process take?

Depending on how quickly required documents are submitted, the process will take 30-45 days.

Financial Calculators