Mortgage Loans

DeKalb Community Bank Mortgage Department Presents.... When you meet with one of our mortgage professionals, they will give you an answer to your loan request on the spot. Just bring the required documents and we'll do the rest! Items needed for an Instant Answer loan application: W-2 forms for the past two years Pay stubs for the last full month Bank statements for the last two months Fees for credit report and appraisal Tax returns if self-employed or commissioned

Mortgage Loans (Owner Occupied and Investment Properties)

• Fixed rate Loans
• Various adjustable rate programs
• Conventional Loans
• FHA Loans
• THDA Loans
• VA Loans
• Community Home Buyer Loan
• Instant Answer
• On-site underwriters for quicker approval
• Buying a "fixer-upper" or remodeling your present home
• Ability to close within seven days on certain type loans
• Rural Housing
• Construction- Perm Loan
• Types available

DeKalb Community Bank has become the #1 lender of home loans in surrounding areas by offering personal quality service. We are committed to assisting you with your real estate purchase, whether it is your first home or your third piece of investment property. Working with you to make it happen, removing the hassles, and insuring your new purchase is a pleasurable experience is our primary goal. Mortgages are available for Davidson, Rutherford, Sumner, Trousdale, Smith and DeKalb counties.

The mortgage team at DeKalb Community Bank prides itself on tailoring financing to fit your needs. Please call us for a free pre-qualification or apply on line!

Types of Mortgages available:

• Adjustable Rate Mortgages (ARM)
  DeKalb Community Bank offers several adjustable rate mortgage programs On an adjustable rate mortgage, the interest rate will change periodically based upon a predetermined schedule. Normally there are caps to protect the borrower. Adjustable rate mortgages may carry a lower initial rate than a long term fixed rate mortgage.
  
  
• Conventional Fixed Rate Mortgage
  Fixed rate mortgages fully amortize over a predetermined period of time. Fixed rate mortgages are available for the purchase or refinancing of a home.
  
  
• Federal Housing Administration (FHA) Insured Loans
  The Department of Housing and Urban Development makes loans available for the purchase and refinancing of homes through the Federal Housing Administration (FHA) and lenders like DeKalb Community Bank. Loans are available with a very low down payment provided the borrower qualifies.
  
  
• The FHA 203K program is available to assist borrowers in purchasing homes that need renovation or other significant improvements such as the addition of rooms. A significant portion of the purchase price + costs of improvements + closing costs may be financed.
  
  
• Veterans Administration Guaranteed Loans (VA)
  Eligible veterans can obtain financing to purchase with no down payment. Refinancing is also available on VA loans.
  
  
• Farmers Home Administration (Rural Housing Development Authority)
  The Rural Housing Development Authority makes loans available to low to moderate-income borrowers. No down payment is required.
  
  
• Tennessee Housing Development Authority (THDA)
  THDA offers below market interest rates to qualified applicant. Maximum household income and maximum sales price limitations vary from county to county. THDA loans are made in conjuntion with FHA, FmHA, VA or conventional financing. Unless the property is located in a targeted area, the applicant may not have owned a home in the prior three years.

For more information email lstone@mydcb.com

All loans subject to normal credit approval. Insurance may be required.