Mortgage Product Options
We offer several types of mortgage products including mortgage loans extended by our bank and mortgage loans originated by our bank and serviced by an investor.
In-Bank Mortgage Loans
- No minimum loan amount
- Up to 20% down payment may be required
- Flexible loan-to-value limits and equity requirements
- Payments serviced by bank
- Origination fee based on loan amount
- Other closing costs (attorney, appraisal, title, recording fees, etc.)
- Possible escrow of hazard insurance premiums, taxes, flood insurance premiums
Contact an officer at your local branch to apply.
Mortgage Loans in Secondary Market*
- Minimum loan amount $30,000
- 100% financing may apply to rural development loan
- Flexible loan-to-value limits and equity requirements
- Loan processed locally and servicing transferred to a long-term lender
- No origination fee
- Other closing costs (attorney, appraisal, title, recording fees, etc.)
- Escrow of hazard insurance premiums, PMI, taxes, flood insurance premiums
- A variety of fixed rate terms available
Contact a Cross Keys Bank Mortgage Loan Officer.
* Rates may be lower than an in-bank mortgage loan.
To best determine which product is right for you, ask yourself the following questions:
- How much do I need to borrow?
- How long do I need to borrow?
- Am I interested in refinancing my loan in a few years?
- Am I interested in a temporary “bridge” loan?
- How much will my down payment be?
- What kind of repayment plan do I desire?
- What types of up-front costs am I willing to pay?
- Am I interested in having my property taxes, insurance premium and other costs escrowed?
Your Cross Keys Bank representative will help you consider these questions in deciding which product(s) you qualify for and which one best suits your needs. If you qualify for both products, you should compare the features of each product to help decide which one best meets your needs.
Cross Keys Bank considers all qualified applicants without regard for race, color, religion, sex, national origin, marital status, familial status, receipt of public assistance or exercise of consumer rights.
