Community's mortgage options always keep the buyer in mind.
Community offers a variety of fixed rate loans to purchase a home or refinance your mortgage. Now Community also offers a mortgage calculator to help you find which mortgage plan is best for you.
There are many advantages of a mortgage at Community:
- You pay the same rate over the life of the loan.
- No teaser rates or rate increases that can be found with an adjustable rate loan.
- Principal and interest payments never vary.
- A "Zero Points" option saves on closing costs.
- For lower down payments, consider a CHOP loan.
15-Year Mortgages*
Consider the benefits! 15-Year mortgages can save you thousands of dollars in interest. They also allow borrowers to build equity faster and get a lower rate than 30-year mortgages.
Fixed Rate Mortgages
Fixed Rate mortgages are the only kind of mortgage Community offers for the purchase or refinance of residential properties. Principal and interest payments will never change throughout the life of the loan.
Zero Points Mortgages
To help keep buyers' "up front" costs low, Community offers Zero Points mortgages and participates in a number of home ownership programs. See one of Community's knowledgeable Loan officers for details.
Multi-Family Loans
Community also makes loans on multi-family residential properties. They are also available with great terms and rates. Call Art Neville (NMLS# 715802) to learn more.
Pay-O-Matic
Community's Pay-O-Matic program saves 1/4% off your mortgage interest rate.
Sign up and your monthly payment is automatically deducted from your Community NOW Checking account or your Statement Savings account.
All loans subject to underwriting standards of Community Savings Bank.
* For example: A $150,000 loan with a term of 15 years will have 180 monthly payments of $1,265.79 with a corresponding Annual Percentage Rate (APR) of 6.308%. A $150,000 loan with a term of 30 years will have 360 monthly payments of $985.40 with a corresponding APR of 7.069%. Minimum down payment for both loans is 20 percent. The above payments do not include escrow payments for real estate taxes and insurance which will make the actual monthly payment greater.
Example as of January 10, 2025.