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Mortgage

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Local Lending

We are committed to the communities we serve. That's why our lending offers are serviced locally and based on the needs of the local communities.

At Generations you will always talk with a real person throughout the loan process. Our lending specialists are always available to guide and assist you with any questions you have about your lending options.

Whether it's for purchase or refinance, Generations Bank has a mortgage that fits your needs.

Specialty Mortgages

No Closing Cost Mortgage

Our No Closing Cost Mortgage offers a variety of features designed to make your dreams of homeownership possible.

  • For purchase or refinance
  • Fixed rate
  • Borrow up to 90% of the home's value
  • Minimum 10% down
  • No Private Mortgage Insurance (PMI) 

MyGenMortgage

Unique to Generations, a community focused mortgage created to make home ownership more attainable.

  • No down payment
  • For purchase or refinance
  • Fixed or variable rate
  • Borrow up to 100% of the home's value for purchase
  • Borrow up to 95% of the home's value for refinance
  • No Private Mortgage Insurance (PMI)

Construction Loans

Sometimes, the best way to get the home of your dreams is by building it from scratch.

  • For purchase
  • Fixed or variable rate
  • Interest only payments for the first 6-months during construction phase.

Federal Housing Administration Loan (FHA Loan)

Issued by the federal government and insured by the Federal Housing Administration. This loan is designed for those unable to make large down payments. 

  • For purchase or refinance
  • Fixed or variable rate
  • Borrow up to 96.5% of the home's value

Traditional Mortgages

Fixed Rate Mortgages

Has a fixed interest rate for the entire term of the loan

  • For purchase or refinance
  • Borrow up to 95% of the home's value

5 - Year Adjustable Rate Mortgage (5/5 ARM)

Begins with a fixed rate for the first five years. Then, after five years the loan has an adjustable rate that changes annually.

  • For purchase or refinance
  • Borrow up to 95% of the home value

 

Can't find the loan you're looking for?

We have more specific lending options available! Using the contact form give us more information about what you're looking for and we will get in touch with you!

 

Ready to Apply?

Apply for a mortgage now with our online application!

Fill out this quick form to learn more

We're excited you want to join the Generations family!

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