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.
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, construction - 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.
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.