First Time Home Buyers

Shopping For Your First Home?

Shopping around for your first home is an exciting prospect, but it can be intimidating. There are many factors that go into a decision of this magnitude, and first-time homebuyers will want to get their ducks in a row so they don’t fall in love with their dream home only to realize they’re not ready to buy. Just like a little bit of research ensures prospective buyers know what to look for in a property, brushing up on the financial facets of the homebuying process will prepare shoppers to make informed decisions that set them up for long-term success.

Check out our First Time Home Buyers Guide  here to make sure you get the most out of the home buying process.


What Type of Home Loan is Right For Me?

The Callaway Bank has many lending products that First Time Home Buyers can use with the First Time Home Buyers credit.

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

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.

VA Loan*

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.

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. (HELOC applications are not available online at this time.)  Please contact one of our lenders below or our Customer Care Team for a HELOC application.

Start the Loan Process Now—Online!

*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.

Having Your Dream Home Come Together

We’re With You For The Moments That Matter

Mortgage Lenders

Ken Niemeyer

Real Estate Lender

NMLS #757171


Fulton (Downtown)

Russ Marshman

Loan Officer

NMLS #842706


Fulton (Downtown)

Nate Morris

Mortgage Lender

NMLS #1958007


Fulton (South)

Ann Colgrove

Commercial/Real Estate Lender

NMLS #450126



Brian Hughes

Real Estate Lender

NMLS #869059


Fulton (Downtown)

Kathy Farris

Real Estate Lender

NMLS #755747


Columbia (West Broadway)