Your Mortgage Solutions
Choosing a mortgage solution is never a one-size-fits-all process. Fidelity Bank offers you one of the largest selections of mortgage products available in the market today. If we can’t find your perfect mortgage solution, chances are no one can.
Mortgages that Help You Save Your Cash: Unique Mortgage Options
Fidelity Bank offers a variety of unique options that are attractive if you do not have a lot saved for a down payment or want to hold onto your extra cash for home improvements. Our Home Lending Specialists can walk you through a variety of low or no down payment options including:
- Zero Down ARM—no down payment, adjustable rate
- Smart Gift Mortgage—just 3% down payment, which can come from a gift
- Buy & Improve Mortgage—fixer-upper loan that provides your mortgage and cash at closing to improve your new home right away
Mortgages with Consistent Payments: Traditional Fixed-Rate
Some home buyers love consistency and that is why many of our clients choose our fixed-rate mortgage. This option offers you one consistent monthly payment that helps you set a regular budget for your mortgage. The mortgage interest rate and monthly payment stays the same for the entire term of your loan. Fixed rate mortgages are available in a variety of terms from as little as eight years, up to 30 years*.
Mortgages that may Start with a Lower Rate: Adjustable-Rate Mortgages
If you have short-term plans with your mortgage, an adjustable-rate mortgage from Fidelity Bank might be right for you. Also known as an ARM or variable-rate mortgage, your interest rate may change periodically based on movements in interest rates. This means your monthly payment will increase or decrease based on the rate changes. ARMs come in a variety of terms, with an initial length of time where the rate is fixed. Introductory rates are usually lower than fix-rates.
Fidelity Bank offers a 5/1 ARM and a 7/1 ARM. The 5 and 7 are the initial rate period when the rate is fixed. The 1 means that the rate is subject to change one time per year for the remaining life of the loan.
Great First-Time Home Buyer Mortgages: FHA, USDA & VA loans
The Federal Housing Administration (FHA), US Department of Agriculture (USDA), and US Department of Veterans Affairs (VA) offer government loans that have low down payment benefits and flexible credit and income features. These programs are great for first-time home buyers who are just starting out and do not have a 10 percent down payment saved.
Larger Mortgages: Jumbo Loans
The sky is the limit with a jumbo mortgage from Fidelity Bank. Jumbo mortgages are available for primary residences, second homes and even investment properties, and come in a variety of terms as well as fixed-rate and adjustable-rate mortgages. If you are looking for a larger loan, a jumbo mortgage may be the solution for you.
Meeting Your Unique Needs: Other Mortgage Solutions
Fidelity Bank is here to meet the needs of all clients looking for their perfect mortgage. Other mortgage solutions include:
*Annual Percentage Rate (APR)is fixed, subject to change without notice, and is accurate as of 11/16/17. An 8-year term with an APR of 5.084% is repayable in 96 monthly installments of $12.42 per $1,000 borrowed. A 30-year term with an APR of 5.071% is repayable in 360 monthly installments of $5.29 per $1,000 borrowed. Other restrictions may apply and all credit is subject to approval.
- Land Loans
- Construction Loans
- Home Equity Line of Credit (HELOC)
- Fixed-Rate Equity Loans
- And more