Loans
We Do Things Differently
Now is the time to make your dream house a reality. You spend a lot of time with a realtor to find a home, shouldn’t you build a similar relationship with the person who can help you to buy that home?.No high-pressure sales pitch, no getting passed around from person to person. You get a dedicated team that will work with you every step of the way to ensure that the loan approval process is quick and easy.
Adjustable Rate Mortgage
If you’re looking for lower monthly payments, are expecting an increase in income soon, or plan to move or refinance in 3-5 years, an Adjustable-Rate Mortgage (ARM) may be what you need. Your monthly payment adjusts as interest rates change, rising if rates go up or decreasing if they fall.
Fixed Rate Mortgage
A great choice if you plan to stay in your home for a long period of time, this loan provides a consistent interest rate and monthly payment over the course of the loan. Available in a variety of loan terms.
Jumbo Loans
If you want to finance more than $417,000, this is an excellent option. With flexible terms, we’ll personalize the loan to your situation. Long-term financing is available, as well as fixed and adjustable rates.
Construction Loans
Finance the construction of your new home or the renovations on an existing home. If building, wrap your lot loan and construction financing into one single loan, and enjoy a fixed rate with interest-only payments. You can prepay your construction loan without any prepayment penalty. Keep in mind, you must use a licensed contractor.
FHA/VA Loans
Enjoy lower down payment requirements and flexible credit and income guidelines with the Federal Housing Administration (FHA) and the U.S. Department of Veterans Affairs (VA) government insured fixed or adjustable loans.
FHA Loan Features
- Low down payment
- No maximum income/earning limitations
- 203K Renovation Loan
For Service Members and Veterans of the Armed Services
- Up to 100% financing, with as little as zero down payment for qualified borrowers
- More flexible qualification guidelines
Rural Housing Loans (USDA)
Designed to help those in qualifying rural areas become homeowners, this loan features no down payment requirements for both first-time homebuyers and previous homeowners. Single family homes and townhomes are eligible.
Subject to credit approval.
Fixed Rate Loans
| Product | Rates1 | APR1 | Points | Payment per $1,000 Borrowed2 | Calculate Payment |
|---|---|---|---|---|---|
| Conforming Fixed Rate Loan Products (Loan Amounts up to $822,375) *1 | |||||
| 30 Year Fixed | 2.875% | 2.885% | 0 | $4.15 | |
| 20 Year Fixed | 2.750% | 2.765% | 0 | $5.42 | |
| 15 Year Fixed | 2.625% | 2.644% | 0 | $6.73 | |
| 10 Year Fixed | 2.500% | 2.527% | 0 | $9.43 | |
| Jumbo Fixed Loan Products (Loan Amounts greater than $822,375 up to $2,000,000) *2 | |||||
| 30 Year Fixed | 3.125% | 3.130% | 0 | $4.28 | |
| 15 Year Fixed | 2.875% | 2.884% | 0 | $6.85 | |
Adjustable Rate Loans
| Product | Rates1 | APR1 | Points | Payment per $1,000 Borrowed2 |
|---|---|---|---|---|
| Conforming Adjustable Rate Loan Products (Loan Amounts up to $822,375) *1 | ||||
| 3/1 ARM | 2.625% | 2.635% | 0 | $4.02 |
| 7/1 ARM | 2.625% | 2.635% | 0 | $4.02 |
| 5/5 ARM | 2.625% | 2.635% | 0 | $4.02 |
| 10/10 ARM | 2.750% | 2.760% | 0 | $4.08 |
| Jumbo Adjustable Rate Loan Products (Loan Amounts greater than $822,375 up to $2,000,000) *2 | ||||
| 3/1 ARM | 2.875% | 2.880% | 0 | $4.15 |
| 7/1 ARM | 2.875% | 2.880% | 0 | $4.15 |
| 5/5 ARM | 2.875% | 2.880% | 0 | $4.15 |
| 10/10 ARM | 3.000% | 3.005% | 0 | $4.22 |
Home Equity Loans
| Product | APR as low as *3 | Application Fee | Annual Fee | |
|---|---|---|---|---|
| Variable | 3.750% | $0 | $100 | Home Equity Line of Credit Terms |
| Fixed | 5.250% | $0 | — | — |
*1 Loan amount not to exceed FNMA county loan limit
*2 Loan amount greater than FNMA county loan limit
*3 APR= Annual Percentage Rate. APRs quoted are our best rates and are accurate as of 04/21/2020, subject to change without notice. 3.750% APR up to 50% LTV. 4.00% up to 65% LTV. Rate based on the Prime Rate (published in the Wealth Investment Trust Bank Journal) plus a margin as outlined in the Home Equity disclosure, with a floor as low as 3.5%. The minimum floor rate you receive will be based on the loan-to-value (LTV) ratio. Maximum LTV up to 65%. The annual percentage rate can change quarterly on the first day of January, April, July and October. We will use the most recent index value available to us as of 15 days before the date of any annual percentage rate adjustment. The rate cannot increase or decrease more than 0.5 percentage points
Testimonial
“Wealth Investment Trust Bank has been a huge asset to me while growing my business over the last 10 years. They understand the local market and make you feel like a part of a team. Their awesome staff and friendly atmosphere has made them one of the best banks around!”
— Neal Gibbs, Owner/Broker-Premier Real Estate Services
BUSINESS
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