With You For The Moments That Matter: Buying A Home
Whether you’re in the process of buying a house or you’ve got a great vision for how to remodel your current home, we’re here to help. Our lenders have expertise in many home loan products.
Having a local, community lender guide you through the process makes it a whole lot easier. We’ll help you choose what loan works best for you, and we’ll assist you with every step. To help your busy schedule, we’re glad to meet with you on evenings or weekends.
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Let The Callaway Bank be your resource for all things mortgages. We will be with you every step of the way and available to answer any questions that you may have.
Buying a house is a significant milestone and The Callaway Bank takes pride in guiding you every step of the way. We have had the honor of helping mid-Missourians become homeowners for more than 160 years. We look forward to working with you to find the home loan that makes sense for your needs.
Choose from a full line of lending products including:
Adjustable Rate Mortgages
Adjustable Rate Mortgages generally mean lower initial interest rates. Interest rates shift with market conditions instead of staying fixed. If selling or refinancing your home is on your radar during the early years of your mortgage, Adjustable Rate Mortgages may be the right fit.
Fixed Rate Mortgages allow you to plan and stick to a budget. With this type of mortgage, interest rates, payment amounts, and the duration of the loan remain steady and predictable. No fluctuation, no surprises.
If you are unable to make a large initial down payment, an FHA loan may be for you. These loans are insured by the Federal Housing Administration (FHA) and are popular with first-time home buyers. Talk to one of our home loan lenders to see if you are eligible.
Federal VA programs allow veterans and their families to reach their homeownership goals. Talk to one of our community lenders to see if you are eligible. We owe so much to our veterans. In honor of their service, The Callaway Bank wants to give back by waiving the appraisal fee on their home loans up to $1,000! Click here to learn more.
If you live outside the city limits, you may be eligible for a USDA loan. Our rural neighbors can reach the goal of homeownership with financing from the US Department of Agriculture. Talk to one of our lenders to see if you are eligible.
If you’re ready to have your home built to your liking you’ll be needing a construction loan. Most home construction projects take from nine months up to a year to complete, and this type of loan allows you to withdraw funds as needed to pay for the construction as it progresses. Once your home is finished you’ll convert the HELOC to a permanent loan. We have lenders with many years of experience in guiding clients on this type of financing, and we’d love to help you. Read more about why a construction loan could be a good fit.
HELOC (Home Equity Line of Credit)
This can be used for debt consolidation, home improvement projects, and other things where a little extra money would be nice. A HELOC lets you borrow against the equity you have in your home. Check with your account too, but you may also be able to deduct the interest from your HELOC. Overall this is a type of loan gives you a lot of flexibility.
*VA loans apply to any active or honorably discharged member of the United States Army, Navy, Air Force, Marines, Coast Guard, and National Guard.
Approved loans are made by The Callaway Bank and do not imply that any loan is made by HUD, FHA, VA, USDA, or the US Government.