Home Loans

Fixed-Rate Mortgages

Conventional fixed-rate mortgages are ideal if you're looking for a fixed rate and have the ability to put a down payment of at least five percent. 

• Fixed interest for the life of the loan.
• Down Payments as low as 3%.
• No pre-payment penalty.
• No obligation pre-approval.
• Manufactured Homes.

5/5 Adjustable Rate Loans

Bank on your future with a 5/5 Adjustable Rate Mortgage (ARM) loan. They’re perfect if you’d like a primary residence or vacation home and expect an increase in income. 

Additional mortgage information:

• Available for purchase or refinance.
• Loan Amounts up to $3,000,000.
• 5-year fixed initial rate that changes once every five years thereafter.
• 5/5 ARM amortized over 30 years.
• Financing available up to 90% loan-to-value (LTV) of the purchase price or appraised value, whichever is less.
• Private Mortgage Insurance (PMI) on LTVs greater than 80% requirement.
• No obligation pre-approval.
• Upon approval, an appraisal fee will be collected.
• Rates are tied to the Secure Overnight Financing Rate.

7/1 Adjustable Rate Loans

Adjustable Rate Mortgage (ARM) loans are ideal if you’d like a larger house and expect an increase in income. 

Additional information:

• Available for purchase or refinance.
• Single-family primary residence and vacation homes accepted.
• 7/1 ARM is amortized over 30 years.
• Financing available up to 97% loan to value (LTV) on conforming limits up to $726,000; up to 90% LTV financing for Jumbo loans on loan amounts above $726,000.
• No obligation pre-approval.
• Upon approval, an appraisal fee will be collected.
• Rates are tied to the Secure Overnight Financing Rate.

Construction Loans

Are you hoping to build your dream home? Valley Strong can help! 

• Loan Amounts up to $3,000,000.
• One-Time Close.  Purchase Lot and finance Construction build all in one transaction.
• Finance up to 90% of the total Project Cost.
• Interest-only payments during Construction Period.
• Option to lock in the rate at the time of construction with float-down options.
• Pay closing costs only one time.

Lot Loan

Location is everything! Building your dream home starts with the perfect lot. 

• Borrow up to 60% of contract sales price or appraised value.
• No private mortgage insurance is required.
• Competitive Interest Rates.
• No prepayment penalty.
• Loan amounts up to $500,000!

Additional Terms
Purchase transactions only, no refinancing currently. 10-year loan with 30-year amortized payment. Balloon payment due at end of 10 years. 1% origination fee and flat fee of $500. Owner Occupied and Second Home purposes only. No investment properties. If utilizing Custom Construction loan program, all Lender fees from Lot Loan will be credited to cost of new Construction Loan. Appraisal required and performed by Valley Strong Appraisal Management Company. Minimum Credit score is 675. No raw land. Lot must be improvement ready. Other terms may apply.