Types of Mortgage Loans
At Cumberland Bank & Trust, we make applying for a home loan easy. Whether you are buying your dream house or wanting to refinance your current home, we are here to help.
VA Loans
- No down payment required
- If you are active military, veteran, reservist or National Guard member
- Fixed rate and adjustable rate payment options are available
- Personal attention and friendly specialists to guide you through the entire process
FHA Loan
- Down payments as low as 3.5%
- Seller can assist with up to 6% of purchase price toward closing costs
- Fixed and adjustable rate options
- Personal attention and friendly specialists to guide you through the entire process
Rural Development Loan
- No down payment required
- Closing costs may be financed based on appraised value
- Expert Advice
- Personal attention and friendly specialists to guide you through the entire process
Conventional Loans
- Conventional Loans are the most traditional home loans, with both fixed and variable rates.
- Down payment as low as 3%
- Variety of terms available
- Personal attention and friendly specialists to guide you through the entire process
