Mortgage Lending

Bank3 NMLS #1533038

Your Path to Homeownership Starts Here

At Bank3, we understand that purchasing a home is one of life’s most significant financial decisions. Our experienced mortgage professionals are committed to guiding you through every step of the process, offering competitive rates and flexible loan options designed to meet your unique needs.

Conventional Loans

A fixed-rate mortgage loan offers reliable consistency, making it an excellent choice for your financial planning. Conventional loans are available for both purchase and refinancing with various term lengths.

Government Loan Options

USDA / Rural Development, Federal Housing Administration (FHA), and U.S. Department of Veterans Affairs (VA) provide government insured or guaranteed mortgage programs with features, such as low down payment options and flexible credit and income guidelines, that may make it easier for first-time homebuyers to obtain home financing.

FHA Loans

• Minimal down payment options
• Fixed interest rate loans available

VA Loans

• Exclusively for eligible active-duty service members, veterans, reservists, or National Guard
• 100% financing for qualified applicants
• Fixed interest rate loans available

USDA Loans

• 100% financing for eligible areas and borrowers
• Fixed interest rate
• Subject to income and property location restrictions

Adjustable-Rate Mortgages (ARMs)

Adjustable-rate mortgages (ARMs), also known as variable-rate mortgages, have interest rates that can change periodically based on fluctuations in a related financial index linked to the loan. As a result, your monthly payment may go up or down if the index rate increases or decreases.

ARMs are usually named according to how long the interest rate stays fixed and how often it can be adjusted afterward. For example, in a 5-year ARM, the “5-year” indicates an initial period of five years where the interest rate remains fixed, after which it is adjusted annually.

Affordable Housing Loans

Affordable Housing Loans are designed to make homeownership more accessible to low- to moderate-income borrowers. These loans may offer lower down payment requirements, reduced interest rates, and assistance programs. Contact Denise Bowen for assistance at dbowen@bank3.com or (901) 302-1255.

Bank3 is committed to helping you navigate the loan programs with confidence.

Bank3 offers:

• Expert guidance
• Fast pre-approvals
• Streamline application and approval process
• Refinance solutions
• Competitive rates

Start today by submitting your application through the Apply Now buttons below or contact one of our mortgage professionals.