Whether you're just learning the lingo of home-buying (FHA, DTI, PMI...oh my) or you're building your dream retirement home, Bank Independent is your one-stop shop for all things mortgage.
We've helped folks finance their dreams since 1947, and we understand that every mortgage is unique. Our local mortgage lenders, processors and closing agents work as a team to personalize and simplify your building, buying or borrowing experience to your particular needs and preferences.
O: (256) 560-3086
C: (256) 443-3226
F: (256) 740-0598
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. We'll help you decide which is best for you.
Home Makeover Mortgage
Buying a "fixer-upper?" We can create a mortgage that bases your estimated home value on the required improvements. We'll hold on to the extra cash needed for these improvements in a special escrow account out of which you pay contractors as work is completed.
A "conventional" mortgage is one that meets the federal guidelines to be packaged and sold to secondary investors like large national banks. There are many types of conventional mortgages, including FHA, VA and USDA loans, each with different requirements and advantages. We'll help you find the best solution for your buying or refinancing situation.
First-Time Homebuyer Program
Need help with a down payment for your first home? If assistance from family is an option, consider asking them to pledge a Certificate of Deposit (CD) for some or all of your down payment. As your home value increases, we release the CD funds being held as collateral. This way, your family member can help you buy your first home without spending his or her own money, plus they continue to earn interest on the CD!
In-House or Secondary Market Options
If your loan needs don't fit the traditional mortgage framework, our lenders will work with you to find a flexible in-house solution.
Interest rates are subject to market conditions and may change throughout the day and without notice. For the latest rates, please contact one of our mortgage originators.