Buying a home is one of life's most exciting moments. It can also be one of the most stressful, but not at National Bank of Commerce! We are a full service bank and we take the confusion out of financing your home. We offer all types of fixed and adjustable rate conventional loans, construction loans, affordable housing loans as well as flexible in-house mortgages. We are also specialists in vacation home loans and condominium loans.
No matter your situation, we've got the terms and payments to fit your needs, and we are committed to making the process as easy for you as possible.
| Product |
Product Snapshot |
Features |
| Fixed Rate Mortgages |
Free prequalification from a trusted community bank. This product offers the stability and consistency of predictable monthly principal and interest payments for the life of the loan. |
- Flexible repayment terms
- Purchase or refinance
- Low closing costs
- Fixed monthly payments
- Automatic payment options available
- Escrow of taxes and insurance option available
- No prepayment penalty
- Owner occupied and non-owner occupied properties (1-4 family dwellings and second homes)
- Credit decision made locally
|
| Adjustable Rate Mortgages (ARMs) |
Free prequalification from a trusted community bank. This product traditionally offers a lower initial mortgage payment and flexible underwriting standards. |
- Flexible repayment terms
- Purchase or refinance
- Low closing costs
- Automatic payment options available
- Escrow of taxes and insurance option available
- No prepayment penalty
- Owner occupied and non-owner occupied properties (1-4 family dwellings and second homes)
- Payments adjust after the initial fixed interest period according to your loan program
- Rates are capped to protect you against dramatic increases in interest rates
- Credit decision made locally
|
| Construction Mortgages |
This product offers the flexibility you need to build your dream home and is easily converted to a standard mortgage. |
- Flexible terms
- Fixed rate
- Low closing costs
- Contractor or borrower built options
- Pay interest only on funds as you need them
|
| Wisconsin Housing and Economic Development Authority (WHEDA) |
First time home buyer option to purchase a home.
This product is for first-time home buyers in the state of Wisconsin. |
- Income requirements
- Purchase price limits
- Low down payment
- Traditionally lower interest rates
- Competitive closing costs
|
| Home PossibleSM 100 Affordable Mortgage Product |
We can help you turn the dream of home ownership into reality. This product is designed for home buyers with modest incomes and limited savings. |
- Flexible repayment terms
- Purchase or refinance (cash-out not allowed)
- Low down payment requirements
- Flexible credit ratios
- Credit decision made locally
|
| Home PossibleSM 97 Affordable Mortgage Product |
Designed for home buyers with modest incomes and limited savings. Also available to purchase manufactured homes. |
- Flexible repayment terms
- Purchase or refinance (cash-out not allowed)
- Low down payment requirements
- Manufactured homes eligible with special requirements
- Flexible credit ratios
- Credit decision made locally
|
| Home PossibleSM Neighborhood Solution 100 Affordable Mortgage Product |
Flexible mortgage program for teachers, firefighters, law enforcement officers and healthcare workers. |
- Flexible repayment terms
- Purchase or refinance (cash-out not allowed)
- Low down payment requirements
- Flexible credit ratios
- Credit decision made locally
|
| Home Possible SMNeighborhood Solution 97 Affordable Mortgage Product |
Flexible mortgage program for teachers, firefighters, law enforcement officers and healthcare workers; with the ability to purchase manufactured housing. |
- Flexible repayment terms
- Purchase or refinance (cash-out not allowed)
- Low down payment requirements
- Manufactured homes eligible with special requirements
- Flexible credit ratios
- Credit decision made locally
|
