Our mortgage lending team is here to help. Want to speak with someone right now?
Call us at (402) 252-8250.
Our mortgage lending team is here to help. Want to speak with someone right now?
Call us at (402) 252-8250.
Your goal right now is to buy a home, and our top priority is to help you finance it with confidence.
With decades of experience, Arbor Bank’s mortgage professionals are here to support your financing needs. Get started to learn more about your options, and we’ll dive into finding the right financing solution for you.
Purchasing a home is an exciting accomplishment and a major investment. It’s our top priority to help you find financing to purchase and afford your home comfortably.
Together we’ll determine your home loan needs. We’ll consider your finances, including your credit, income, assets, and expenses. We’ll also help you understand the value of the home you want to purchase, as well as the current market and interest rates.
Specializing in a range of loans, we’re well versed in matching your unique needs to a custom-tailored solution that is just the right fit for buying your home. Speak with our mortgage lending team to learn more about our first-time homebuyer programs and loan types including conventional, FHA, VA, jumbo, rural housing, and construction loans.
Many questions arise while you consider buying a home. We’ve answered the most common ones to guide you.
Our mortgage lending team is always here to answer any other questions you have. Call us at: (402) 252-8250.
Whether you’ve saved for a down payment or not, you have options when it comes to the requirements for home financing. Your down payment amount affects the affordability of your mortgage, so it helps to consider how much you’ve saved, how much you want to invest in the home upfront, and how it will impact your loan.
The minimum down payment for a conventional purchase loan is around 3-5%. The lowest 3% is available to first-time homebuyers. Those who have purchased a home before may qualify for the minimum of 5%.
In either case, a larger down payment can reduce additional loan expenses such as mortgage insurance. For example, a 20% down payment with a conventional loan will eliminate Private Mortgage Insurance costs. A higher down payment can also lower the amount of your loan and increase your immediate equity in your home.
When you close on your home loan, there are fees and costs associated with the processing of your loan. These include origination fees, title insurance, a home appraisal, etc. Understanding these costs early on can help you prepare to cover the expenses of getting a mortgage, in addition to paying your down payment on your new home.
Our team can help you understand your financial situation and how it applies to the home you’re interested in purchasing.
When seeing if you can afford a new home, consider ongoing costs you’ll need to cover such as your monthly mortgage payment, in addition to property taxes, homeowners insurance, and maintenance expenses. Knowing what interest rate you qualify for, your down payment amount, and the term length of your loan will help you understand how much you can afford with your current income and expenses.
Both are great options for buying a home. For instance, they both offer flexible down payment options. Choosing the right one for you depends on many factors.
If you have a higher credit score and can make a larger down payment, a conventional loan will likely offer a lower interest rate and cheaper mortgage insurance options, meaning you may ultimately have a lower monthly mortgage payment.
Those with lower credit scores may benefit from an FHA loan, as they provide more flexible lending options while still providing competitive interest rates and options for low down payments.
VA Loan done with Justin Pinkerton and his team. Whether it was Justin helping us understand the process and what was required, or Laura staying on top of communication at all times, or Dawn Thompson who got us all set up on homeowner’s insurance and car insurance to match… Nothing but positive things to say and everything was handled beyond my expectations. Buying a home is stressful no matter what but everyone at Arbor made it so much more enjoyable!
We experienced excellent customer service from Laura and her team regarding our home refinance! Super speedy service, we were able to finalize everything within 30-days! Laura worked after hours as we were in a different time zone and always was so kind in answering our questions. I look forward to working with Laura again & again. Absolutely recommend hands down. Thank you!
Laura Lasher and her mortgage team at Arbor Bank are the absolute best! Timely and accurate communication, detail-oriented, and pleasant. Over years they have helped us with several new mortgages as well as refinances and we have always felt that they have/had our best interests in mind. Quite frankly I would give 10 stars if that was an option!
VA Loan done with Justin Pinkerton and his team. Whether it was Justin helping us understand the process and what was required, or Laura staying on top of communication at all times, or Dawn Thompson who got us all set up on homeowner’s insurance and car insurance to match…
Nothing but positive things to say and everything was handled beyond my expectations. Buying a home is stressful no matter what but everyone at Arbor made it so much more enjoyable!
I’ve been a client of Arbor for over 10 years, going back to when they were First Community Bank. I always opt first to support a local business or “the little guy” but sometimes that comes at a sacrifice, such as with customer service or with expertise or with professionalism. Not with Arbor. I have all my consumer accounts with them (checking, auto loan, HELOC, mortgage) and each of these accounts have been created and serviced skillfully. I can access all my accounts either through their website or via their mobile app. I’ve watched them grow over the years and their growth has always been healthy and managed thoughtfully. I’ve been with many local banks in Omaha but none come close to Arbor. I plan on staying with them for life.
