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Financial Guidance Library

Helping others achieve financial success

Financial Guidance Library

Home Sweet Home

It’s easier than ever to buy or build a house with Family Trust. It doesn’t matter if you’re buying your first home, finding room for a growing family or looking for a vacation home. We’ve got a mortgage for you.

Construction Loans: One Loan. One Closing.
Now you can use the equity in your lot – regardless of how long you’ve owned it – toward the total funds needed for construction. We’ll provide financing throughout the construction process and will convert it to a permanent mortgage.

Other benefits include:

  • Up to 95% financing (1)
  • No initial appraisal or credit report fees for relationship members (2)
  • Fixed and adjustable rate options
  • Mortgage stays local at Family Trust
  • Major renovation projects may be eligible

15/1 Adjustable Rate Mortgage (ARM)
Our 15/1 ARM is perfect for first- time home buyers and other home buyers who may not intend to stay in the home very long. With lower rates than the traditional 30-year fixed mortgage and a longer fixed rate period than other adjustable rate mortgages, the 15/1 ARM can make getting into a new home affordable and beneficial.

  • Rates lower than a traditional 30-year fixed
  • Up to 97% financing (1)
  • No prepayment penalty
  • Refinance anytime
  • Mortgages stay at Family Trust
1. Offer effective 1/1/14. Initial appraisal and credit report fees waived for construction loans only. You must meet
certain qualifications for these products and this offer. Terms of repayment example: 30-year term fixed rate at
6.50% APR = 360 monthly payments of $6.33 per $1,000 borrowed. Rates and terms subject to change without
notice. All loan applications are subject to credit and property approval. Additional fees and closing costs may
apply. If adjustable rate mortgage is chosen after construction phase, rates are subject to increase after the initial
fixed-rate period. 2. For a limited time. For relationship members only, must have a checking account with direct
deposit, Family Trust Visa Credit Card, and Online Banking with E-Statements.