Mortgages & Home Equities

Introducing Savers Bank 30-Year Fixed Rate Mortgage Advantage*

For a limited time only, if rates go down within the first 5 years of your mortgage, get a one-time rate adjustment, no refinancing required. Contact Glenda for further details.

Our Mortgage Specialists are ready to assist you with your mortgage needs or you can contact one of our local branches for assistance.

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First-Time Homebuyer Programs Available

As a first-time homebuyer you may qualify for advantages such as reduced closing cost, down payments as low as 3%, down payment assistance and reimbursement for Homebuyer Education. Our lending experts are committed to helping you explore all of your options in order to find the financing that makes your home ownership dreams come true.

Buying or refinancing a home? Looking to do some major renovations? We can help with our Simply Better mortgage and home equity solutions.

Mortgage Options

Fixed Rate Mortgage

Rate and payments are fixed for term of the loan. These types of loans provide predictability in monthly payments throughout the life of the loan.

• Flexible terms available
• Owner Occupied 1-4 Family Properties
• Construction Loans – Fixed rate throughout the loan
• Jumbo Loans – One rate, one loan, no maximum loan amount
• Available for purchases, refinances and construction

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30-Year Fixed Rate Mortgage Advantage*

For a limited time only, if rates go down within the first 5 years of your mortgage, get a one-time rate adjustment, no refinancing required. Contact Glenda for further details.

Adjustable Rate Mortgage

Interest rate and payment may change at periodic times during the term of the loan. This type of loan can be a good choice for borrowers looking to save money during the early years of the loan or planning to move or refinance in a few years.

• Various terms available to fit your needs
• Available for purchases and refinances

Construction Mortgage

• Fixed rate throughout the construction phase and for the entire term of the mortgage
• Interest rate will never change
• Financing offered for up to 90% of the value of the home
• Act as your own general contractor
• Pay interest only during construction
• Flexible construction periods

Mortgage Loan Officer NMLS List

Home Equity Lines of Credit and Fixed Rate Loans

Home Equity Line of Credit

A convenient and flexible source of funds using the available equity in your home which you can access at anytime simply by writing a check. A line of credit is a great way to finance periodic expenses such as emergency repairs, college tuition, or home remodeling projects. You only pay interest on the funds you actually use, and you have the flexible payment options available.

• No closing costs
• Adjustable Interest Rate equal to the Prime Rate as published in the Wall St. Journal on the last business day of each month
• Minimum APR is 4.00% / maximum APR is 18.00%
• Flexible payment options available
• Minimum loan amount is $25,000 / maximum $500,000
• Owner occupied 1-4 family properties
• Pay-down principal balance (to zero) at any time without penalty
• $500.00 Early Termination Fee applies if you payoff and close the line of credit within three (3) years of the date you signed the note and mortgage
• Homeowners insurance on the property securing the line is required

Home Equity Fixed Rate Loan

Access your home's available equity with a fixed rate, term and payment for the entire life of the loan. Fixed Equity loans are ideal for a large one-time purchase or debt consolidation.

• Fixed interest rate
• Monthly principal & interest payments
• Flexible terms available
• Minimum loan amount is $10,000
• Owner occupied 1-4 family properties
• No prepayment penalty
• No closing costs other than the appropriate registry recording fee
• Homeowners insurance on the property is required

*Effective with mortgage applications submitted beginning May 15, 2024. 360 monthly payments of $71.22 @ 7.689% APR for each $10,000 borrowed. Rate subject to change without notice. This payment example does not include any escrow requirements. If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner’s insurance premiums and will result in an increase in the monthly payment. Contact the Bank for current rates and terms. Subject property must be a 1-4 family, owner-occupied residence. Applications are subject to underwriting based on program guidelines. Minimum qualifying credit score of 700. Mortgage and Note can be modified once during the first 60 months from the closing date. At time of the modification request, mortgage payments must be current and mortgage payment history must be free from any delinquent payments. Modification fee is $300.00 and will be collected at the time the modification agreement is signed. Remaining principal and interest payments at modified interest rate will be based on the remaining outstanding loan term and the principal balance at the time of modification. Tax implications may apply. Other restrictions may apply. Product offering may be withdrawn at any time. Subject to credit approval.