Buena Vista National Bank

Mortgage Loans

Need a Helpful Home Loan?

Are you shopping for a new home or thinking about remodeling your existing home? Buena Vista National Bank has various types of mortgages to accommodate your financial needs. Talk to a loan officer to pre-qualify and assist you with the home loan process.

For your convenience, we offer a variety of ways to make your loan payment or check your loan balance that can save you time and money:

  • Automatic payment – We can automatically deduct your loan payment from your checking or savings each month. That means no more writing and mailing checks… or unnecessary fees from accidental late payments.
  • Online debit card payment.
  • 24-hour Banking – Track your loan balance or make a payment day or night through Online and Mobile Banking.

 

Ready to get started?  Click the button below to apply online.  Upon receipt, one of our friendly and knowledgeable Loan Officers will contact you to discuss your options.

When applicable, the following documentation may be requested:

  • A copy of two current pay stubs
  • A copy of most recent Federal Income tax return
  • Information on property being purchased
  • Sales contract from a Realtor or sales agreement from the seller

Our Mortgage Loan Options

Home Equity Line of Credit

Our HELOC offers an attractive 1.99% introductory fixed interest rate for the first six months. With interest-only payments during the introductory period, low fees, and quick approval times, our HELOC provides a flexible financing solution for homeowners. Whether you’re looking to renovate, consolidate debt, or fund other important expenses, our HELOC is designed to give you access to the funds you need, when you need them.

Fixed Rate Mortgages

If you’re looking for a loan where the monthly payment will not change and will be easy to budget, explore a Fixed Rate Mortgage. A 15, 20, or 30 year fixed rate loan to qualifying borrowers to finance as much as 80% of the value of a residential property (can be purchase or refinance). In some cases well qualified borrowers can finance up to 90% of the value of the property.

First Time Home Buyer / Affordable Down Payment Mortgages

Our First Time Home Buyer mortgage may be a good option if you’re a qualified home buyer unable to make a larger down payment. This fixed rate loan for modest income borrowers offers a competitive rate with a down payment as low as 5% to help make buying a home more affordable.

In-house Mortgage

Our In-house Mortgage is tailored to fit the needs of those who may not qualify for the above mentioned programs. That is one of the advantages of working with a community bank. We take pride in offering a variety of products and will work with you to find one that suits your needs

Commercial Mortgages

Whether you want to purchase land or refinance an existing property, our Lenders are ready to help

Construction Loans

Building a home can be an overwhelming process. In addition to short-term financing options, our Lenders offer personal service and guidance every step of the way.

*HELOC Disclosure: APR is Annual Percentage Rate.  After 6-month fixed introductory period, the index used to determine the interest rate is the Wall Street Journal Prime Rate (7.5% as of 12/08/24) minus a margin of 0.50%.  Rate is variable and will change.    Minimum variable APR will not be less than 4% and maximum variable APR will not exceed 15.5%.     Promotional rate effective as of April 1, 2025.  Rate is subject to change without notice.  Promotion may be cancelled at any time.  Requires a deposit account with BVNB with an ACH deposit or withdrawal. If not established within 30 days of closing, rate will immediately adjust to 2% over prime lending rate.  Closing costs range from $600 to $1,300.  HELOC is to be secured by an owner-occupied 1-4 family residence.  HELOC has a 10-year term and payments will be due monthly.   Monthly payment will equal the amount of accrued finance charges on the last day of the billing cycle with a minimum of $100.  The minimum monthly payments will not be sufficient to fully repay the principal that is outstanding on your line of credit at the end of 10 years.  At the end of this period, your HELOC could have a balloon payment due.  HELOC approval is subject to credit underwriting guidelines.