Are you dreaming of a new home? Why not wake up and live in it? With a loan from Dieterich Bank, you can! Take advantage of our online loan application and low application fee and start living with the home -- and home loan -- of your dreams.
Fixed Rate Loans
Keep your payments the same for the entire life of your loan. New to the mortgage process? No worries! We're one of the best banks for first-time home buyers, and we'll help simplify home loans for you and walk you through the entire process.
Here, you'll choose between a 15 year mortgage, 20 year mortgage and 30 year mortgage, and we can help you pick the best term for your budget. Plus, our online home financing center makes applying and getting approved for a home loan a breeze!
Trying to finance a second home? Contact us today to see our second home mortgage rates.
| Conventional | USDA | FHA | VA |
|---|---|---|---|
| This traditional fixed-rate mortgage has a constant interest rate and monthly payments that never change, so you will always know what to expect.* |
If you need 100% financing, this Guaranteed Rural Housing Loan may be a great option. | Limited income or less than perfect credit? This loan has less stringent credit and income requirements than those of conventional loans. | VA loans are designed to help qualified veterans, reservists and active duty members finance their homes. |
|
If you do not want to see adjustments in your mortgage payments, this is the loan for you. Conventional loans are a good choice if you plan to stay in your home for seven years or longer. If you plan to move within seven years, then ARM loans can be cheaper depending on the market. An adjustable-rate mortgage, or ARM, is a type of conventional home loan with an interest rate that can change periodically. We currently offer 7/1 ARM, which features a fixed rate for 7 years. After this time period, the rate resets once per year up or down based on the level of interest rates. With an ARM loan, you can potentially take advantage of changing interest rates. *Your escrow payment may go up or down depending on the change of your tax and insurance assessment. |
The USDA mortgage program requires no down payment and offers a fixed rate mortgage that is USDA-guaranteed for those who qualify. This is designed for borrowers in rural areas who do not have the solid credit needed to qualify for a standard home loan. Also, your closing costs may be included in the loan. | Backed by the Federal Housing Administration (FHA), this loan allows your down payment to be as low as 3.5% of the purchase price. Closing costs can also be bundled with the loan amount. These loans require specific criteria to qualify. If you are interested in finding out if you meet the criteria, contact our loan officers today! | The Department of Veterans Affairs backs VA loans, and does not limit them to first time home buyers. VA loans offer 100% financing with no monthly mortgage premiums. Your funding fee may be financed, and closing costs can be gifted. These are limited to primary residences. |
Lot & Construction Loans
Are you ready to buy land or start building your future home?
| Lot | Construction | ||
|---|---|---|---|
| You found the perfect location for your future home, so let us help you purchase the land. | Our competitive construction rates will make financing your building process the easiest choice you have to make. | ||
| With land-only financing, you can secure your perfect location while taking your time to customize your future house plans. In the meantime, create as many Pinterest boards as you would like. | During the construction period, interest is charged only on the funds that have been disbursed. When the project is completed, we will look at the best long term loan option for you. |
Adjustable Rate Mortgage (ARM) Loans
Homebuyer Assistance Programs
DPP Program
Home Equity Line of Credit (HELOC)
Planning a big project or have unexpected expenses? Your home can help!
apply now learn more
A HELOC allows you to use the equity you have built up in your home to help pay for home improvement, debt consolidation, even purchasing a new vehicle or many other uses. It's also a great way to refinance your home loan! Access available funds as you need them, like a credit card - but typically with lower rates. Contact us for current HELOC rates.
Check out our Home Equity Line of Credit Calculator.Jumbo Mortgage
Needing an unconventional mortgage? Take advantage of a larger loan!
Refinance
Potentially lower your interest rate and monthly mortgage payment by refinancing your mortgage with Dieterich Bank!
Here, you have home refinance options. Refinancing a mortgage means you get a new loan to replace the old loan, which allows you to shift your debt to a better place. Things may have changed since you borrowed money, and there may be several ways to improve the terms of your loan. The possible benefits of refinancing include:
- Lower interest rates = lower monthly payment
- Shorter term = pay off your mortgage sooner (EX: Replace your 30-year mortgage with a 15-year loan.)
- Switch from an adjustable-rate mortgage to a fixed-rate loan, or vice versa if it fits your situation better.
