Traditional Mortgage

Most mortgages fall into the category of a traditional mortgage, which allows you to buy a home or refinance your current mortgage.

A traditional mortgage, also known as a conventional mortgage, is the most common type of home loan and helps you buy, refinance, or build your home, a vacation home, a condominium, or an owner-occupied, 1–4 unit family property. Down payment options may be available from as low as 3%.

Traditional mortgages can be:

  • Fixed-rate, which provides a set monthly principal and interest payment for the term of the loan.
  • Adjustable-rate, which offers lower initial rates and payments.
  • Balloon Reset, which offers another option if you are in the position of having to relocate often.

Talk to your lender about which option makes sense for your home dreams. 

Start the mortgage process by applying for Mortgage Pre-Approval.

Mortgage pre-approval is a simple application process to determine if you qualify for a mortgage. Your credit and income information are the main factors taken into account. If you do qualify, a pre-approval has many benefits. It will let you know how much house you can afford and show home sellers you are serious about a home purchase.

All mortgage loans are subject to credit approval.

Relationship Checking

The account that rewards you when certain relationship balances are maintained. Being part of the Merchants family has its perks!

Online & Mobile Banking

Take advantage of our Online & Mobile Banking tools, giving you the freedom to do more with your money. 

Home Equity Line of Credit

Access to credit when you need it with the flexibility of a Home Equity Line of Credit. 

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