Whether you’re just starting out, moving up to the home of your dreams, or downsizing, Fleetwood Bank understands your unique needs and can find the solution to get you into a home. Fleetwood Bank is proud to be a true community bank, providing you with exceptional customer service, fast approvals, use of local title services, plus in-house underwriting and processing.
At Fleetwood Bank, we take the time to listen. We’ll walk you through the often complicated process, making it simple and easier to understand. Most importantly, we are with you through the entire process - from application, through settlement and after, to answer your questions and provide solutions.
Residential Mortgage Options
A Conventional Mortgage is a mortgage in which the interest rate does not change during the entire term of the loan (also known as a Fixed-Rate Mortgage). Conventional financing allows you to take advantage of low down payments and flexible terms. With Private Mortgage Insurance, you can finance the home of your dreams with as little as 5% down for approved homebuyers.
First Time Homebuyers
If you’ve never owned a home, you’re considered a first time homebuyer. With Private Mortgage Insurance you can finance up to 97% of your home’s value, plus get assistance with the 3% down payment. Qualify for the FHLB First Front Door Grant and reduce your out of pocket costs by over $3,000 (grant funds and availability are subject to change). In addition, you may receive a $500 credit towards your closing costs!
Take advantage of the equity in your building lot with our “One Close” construction loan. Fix your conventional mortgage interest rate from settlement, through construction and beyond. No double closings – no “floating rates”, just a simple no-nonsense approach to financing the home you’ve always wanted to build.
Found that perfect lot to build on, but not ready to build? Let us finance up to 80% of the purchase price and you can start building equity right away. Our Lot Loan program provides you with the protection of a fixed rate mortgage with reduced closing costs. Finance up to 80% of the land’s value for improved lots and up to 65% for unimproved lots. You’ll also receive a $500 credit toward your closing costs when you are ready to build; provided you open your home construction mortgage with Fleetwood Bank and settlement occurs within 24 months of your lot loan settlement date.
Investment Property Loans
Being a landlord isn’t always easy, but financing your rental home can be! Fleetwood Bank provides Investment Property Loans for those interested in buying second homes and investment properties, including one and two-unit residential properties. Investment Property Loans can be used for either purchasing an investment property or refinancing an existing property.
A Blanket Loan is intended to cover more than one piece of real estate, allowing the equity you have in one property to act as equity for the purchase of another. For example, if you own your residence and want to buy an investment property, but do not have the cash down payment required, we can provide one blanket loan secured by both properties to meet your equity requirements.
Home Improvement and Renovation Loans
Looking to refinish a basement, make repairs or add on to your home? Home Improvement Loans can fund small cosmetic projects or large-scale renovations and construction. Because a Home Improvement Loan is a type of mortgage loan, its interest can often be deducted at tax time (consult a tax advisor to determine if this applies to your situation).
Pinnacle Plus and Pinnacle Premier Mortgages
Want to lower the term of your mortgage loan to 10 years or less, while paying a low fixed interest rate and saving money on excessive fees? If you have owned your home for at least 10 years, a Pinnacle Plus or Pinnacle Premier Mortgage may be the mortgage option for you.
FHA, VA and USDA loans available through a brokerage relationship between Fleetwood Bank and Stearns Lending, LLC. NMLS #1854. All loans serviced by LoanCare, a subservicing partner of Stearns Lending, LLC.
Pre-qualification allows you to know how much house you can afford based on your credit, income and assets. Pre-qualifying for a home mortgage should be simple and fast. At Fleetwood Bank, your mortgage scenario may be conditionally qualified in as little as 30 minutes! Need a pre-qualification letter for your realtor? We can generate a 90 day pre-qualification letter that allows you to start looking for the house/property that is right for you.