Custom Loans

  • Our mortgage specialists can tailor solutions to your individual situation. 



     

    Fixed or Variable Rates – Some situations call for a fixed mortgage, while others suggest a variable rate mortgage with more flexibility for your budget or changing needs. Either way, we have multiple options to tailor a program to your needs. To determine the best one for you, visit Fixed Versus Variable Rates.

    Cash Back on Your Mortgage Payment – Through our Radically Original program, receive 1% cash back on your installment loan payments when you have your payment automatically deducted from a Bank Independent Checking account. See program details.*

    Preferred Payment Program – Most banks say you can pay semi-monthly, bi-weekly or make extra payments to match your budget. However, they generally utilize a third party who holds the payment until due, and charge an enrollment and transaction fee. At Bank Independent, we have invested to make our mortgage system apply these non-standard payments, so you get the immediate benefit of principal reduction, potentially cutting years off your mortgage by splitting your payment weekly, bi-weekly or semi-monthly. Plus – there’s no charge for this service.

    Home Makeover Mortgage – There are some incredible deals out there, but many of these homes need work. Bank Independent has created a special radically original mortgage for those fixer-uppers that need some TLC. In this program, Bank Independent bases the estimated home value on the improvements required. Then, we hold the extra cash needed for these improvements in a special escrow account out of which you pay contractors as work is completed. Ask for program details.

    First-Time Homebuyer Program – To assist you in buying your first home, we allow a family member to pledge a Certificate of Deposit (CD) for any or all of your down payment. As the home value increases enough to cover the amount pledged, we release the CD funds that are being held as collateral. This allows your family member to help you purchase your first home without spending his or her own money, plus interest continues to build on the CD as it always has. First-time homebuyers are also invited to take a free homebuying course online in conjunction with the FDIC. To see how much home you can qualify for, visit How much can I borrow?

    Purchasing or Building a Home – Bank Independent can help you take advantage of real estate rates and home values not seen in years. Just contact us for anything from a new construction loan to any tailored purchase loan to buy your dream home. 

    Refinancing – Many people are taking advantage of record-low rates to lower monthly payments. At Bank Independent, we offer options for short- and long-term maturities to either lower your payment or accelerate the payoff of your remaining balance. Let us help you determine Is this is the right time for you to refinance?


    All mortgages subject to credit approval.

     * Offermay be withdrawn at any time.