Mortgage Programs
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We service 98% of the loans we close in house, allowing you to work with people you know through the life of your loan. However, we do provide our customers with the opportunity for FHA, VA, and USDA loans that are serviced outside of CNB.Meet Some of the Team
For new applications click APPLY NOW and to return to an incomplete application click on BORROWER PORTAL. ServicesCommunity National Bank NMLS #774778Fixed Rate MortgageThis is the most common type of mortgage program. A fixed rate mortgage offers a very stable monthly interest and principal payment. We offer very competitive fixed rate mortgages while maintaining customer service throughout the life of the loan. Balloon MortgageIn some instances, the traditional fixed rate residential mortgage does not fit a borrowers financial situation. In those cases, we offer amortizing mortgages with a balloon payment. Balloon loans are short-term mortgages that have some of the same features of a fixed rate mortgage. This loan provides a level payment feature during the term of the loan, but as opposed to the fixed rate mortgages, balloon loans do not fully amortize over the original term. Balloon loans are popular with those expecting to sell or refinance their property within a definite period of time. Jumbo LoanAre you in need of a large loan? Our jumbo loan allows for a financing that is larger than what Fannie Mae guidelines allow. Construction LoanWhether you’re building a new home or adding on to the old one, you’ll probably confront a roomful of construction details. Ease the load and let us help by creating the perfect financing plan for your new project. Bridge LoanIs it time to purchase a new home, but you have not sold your existing home yet? We offer swing loans to facilitate the buying of a new property prior to the sale of an existing property. Lot/Land LoanLot/land loans are used to finance the purchase of a developed piece of ground for the purpose of construction at a later date. VA MortgageLoan options exclusive to qualifying veterans of the Armed Services, those currently in active duty or the reserves, and widows and widowers of veterans. FHA MortgageA Federal Housing Administration (FHA) mortgage is a loan that is government-insured and backed by the FHA. USDA MortgageGeared towards home buyers who live in rural areas who have low to moderate income and no down payment. Home Equity LoanA home equity loan lets you borrow a fixed amount of money based on your homes equity. Using your home as collateral, this loan is paid off at a fixed rate through the term of the loan.
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