Choosing the Right Loan Trust our local experts to match the right mortgage option for your financing needs.
Fixed Rate vs. Adjustable Rate
Civista Purchase Programs:
• Conventional Loans – Fixed Rate and ARMs • Government Programs • FHA Loans (Federal Housing Administration) • VA Loans (Veteran Affairs) • USDA Loans (U.S. Department of Agriculture) • Community View Home Loans • Construction-to-Permanent Financing • Private Banking’s Physician Loan Program • Mortgage and Home Equity Combination • Jumbo Loans
Fixed Rate Mortgage Loans
Fixed rate loans offer the stability of a fixed payment amount throughout the term of the loan. Fixed rate may be right for you if you plan to be in your home for a longer period of time or want to know the payment through the life of the loan.
Adjustable Rate Mortgage Loans
Adjustable rate mortgages (ARMs) start with a fixed rate and then, after a set time period, can change the interest rate of the loan up or down with market rates. Caps are placed on adjustments to protect borrowers from extreme changes. This might be right for you if you are looking for a lower payment initially or plan to stay in your home for a shorter period of time.
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