Streamline the Home Financing Process by Getting Preapproved

CONNECT WITH OUR HOME FINANCING EXPERTS TO GET STARTED!

Let our experts help you with your Mortgage, Construction, Refinance or Home Equity needs. Village Bank offers a variety of home financing programs whether you are:

A first-time homebuyer
Making renovations to your current home
A seasoned homeowner ready to move or refinance
And more!

Let our experts help you with your Mortgage, Construction, Refinance or Home Equity needs. Village Bank offers a variety of home financing programs whether you are:

A first-time homebuyer
Making renovations to your current home
A seasoned homeowner ready to move or refinance
And more!

Secondary Mortgages*

We offer fixed rate and adjustable rate (ARM’S) conventional mortgages. 1st Time Homebuyer programs, FHA and VA loans.

Lot Loans*

Lot or land loans are designed specifically for the purchase of property without a residence on it. It is perfect for clients that have found the perfect location, but aren’t quite ready to build their dream home yet.

In-House Construction Loans

A Construction Loan is a short-term loan—usually about a year—used to fund the construction of a new home, major renovations to an existing house, or the land the home sits on. During construction, you only pay the interest on your loan with no prepayment penalties.

Final take out letter from mortgage company required on construction only loans.

1x Close Construction to Permanent Loans

A 1x close construction-to-permanent loan combines a construction loan and a permanent mortgage into a single loan product. It allows borrowers to finance both the construction of a new home and its permanent mortgage with just one application, one set of fees and one closing. This type of loan converts from a construction loan to a traditional mortgage once the home is built, saving time and reducing closing costs compared to securing separate loans.

Bridge Loans

Bridge loans are a short-term financing option used to "bridge" the gap between two transactions. It allows a borrower to access funds quickly, often to purchase a new property before selling an existing one. Bridge loans usually have higher interest rates and shorter repayment terms compared to traditional loans, reflecting their temporary nature and increased risk for lenders.

*Originated Loan is subject to credit approval and underwriting standards. The interest rate is based on your Credit Score(FICO score), Debt to Income (DTI) ratio & Loan to Value (LTV) ratio. Standard closing costs apply, with borrowersresponsible for specific fees to third-party appraisers, credit reporting agencies, and government recording clerks. Closingfees on a $50,000.00 loan are generally between $3000.00 and $5000.00. Property insurance is required. An appraisalmay be required. Consumers should consult a tax advisor for deductibility of interest information.

Home Equity Line of Credit (HELOC)

It works like a credit card. Borrow what you need, when you need it.

The Home Equity Line of Credit is a revolving line of credit that has a 5 year draw period. During that time, you can borrow as much as you need whenever you need it as long as you don't exceed your credit limit. Your monthly payments during that period are interest-only payments with an option to pay down the principal at your convenience. As the line balance is repaid, that money becomes available to you over and over again.

Home Equity Loan

Get one lump sum with a fixed rate and consistent monthly payments.

Once a Home Equity Loan is funded, you receive all of the money. Make consistent payments for principal and interest at a fixed rate throughout the life of the loan.