EagleBank Residential Lending Loan Products

 

We offer an extensive selection of loan programs to meet your needs based on your qualifications. To be as successful as we are, EagleBank has to remain competitive in our market place. Our goal is to provide you with the product that best suits your needs and with the best rate possible.


Fixed rate mortgages have a consistent interest rate for their entire term, so your payments remain the same for the life of your loan. A fixed rate mortgage may be right for you if you prefer to budget a specific payment amount into your monthly expenses.

A fixed rate mortgages may be right for you if you:

  • want a consistent monthly payment

  • don't expect to relocate, refinance or move in the next few years

  • are not sure if you'll see an income increase in the next few years

  • like the peace of mind of a long-term mortgage.

Fixed Rate Mortgages


Adjustable rate mortgages (ARMs) offer lower initial interest rates and, after a specified period, these rates adjust annually to a new rate. An ARM may be right for you if you want increased buying power or expect to move or see an increase in income before your mortgage adjusts.

An adjustable rate mortgage may be right for you if you:

  • want to qualify for a higher loan amount

  • want initially lower monthly payment

  • expect a future increase in income

  • expect to refinance or move in the next few years.

Adjustable Rate Mortgages (ARMs)


Conventional loans are not insured or guaranteed by any government agency and provide a variety of down payment options and less restrictive guidelines.

A Conventional loan may be right for you if:

  • you have a larger downpayment

  • have owned a home previously

  • have a substantial credit history

  • have an established income source.

Jumbo loan products - fixed and ARMs - available at competitive rates for those seeking financing for higher priced homes.

Conventional Loans


FHA loans are mortgage loans that are insured by the Federal Housing Administration created to help more people become homeowners.

An FHA loan may be right for you if you:

  • are a first-time home buyer

  • lack a sufficient down payment, or plan to use gift or grant monies for down payment assistance

  • lack credit history

  • are concerned about qualifying income.

Federal Housing Administration (FHA) Loans


VA loans are available to eligible veterans, service members, reservists, national guard and select military spouses that allows for the purchase or refinance of an owner-occupied home.

We offer a variety of payment terms for VA loans. A VA loan might be right for you if you are:

  • VA-Eligible and buying or refinancing a home

  • interested in 100% financing

  • would like to make a low down payment

  • lack credit history or have income limitations.

Veterans Administration (VA) Loans


Bond Programs and Affordable Housing Solutions bridge the gap for first-time and returning buyers who seek to buy a home with a smaller down payment.

An Affordable Housing solution might be right for you if you are:

  • are a first-time buyer or returning buyer in a targeted area

  • have limited funds for down payment and closing costs

  • are establishing a credit history

  • meet certain income limitations set by the state or county and/or Fannie Mae/Freddie Mac.

State and Local Bond Programs/Affordable Housing Solutions


Construction loans provide financing from property/lot acquisition, tear down or renovation, transaction costs, contruction - start to finish. We offer a flexible draw schedule and fast approvals.

A New Construction loan might be right for you if you are:

  • seeking to build a new home 

  • looking for financing for a large renovation project

  • need a term of 12 or 18 months

  • looking for a low, interest-only payment during construction.

 

 Construction Loans


Applying for a loan? EagleBank's online application process is conveniently designed to allow you to stop any time and pick up where you left off.

After you submit an application, you can check on your loan status at anytime.