Major mortgage decisions made easy
Buying a new home should be a pleasant experience. Our experienced mortgage loan officers would like to work with you every step of the way and make the loan process easy and stress-free. They help you understand your options to make an educated, confident decision.
Still not sure where to begin? Try our Home BuyAbility Test. It will help you find out how much home is right for you, so you can feel more comfortable when you apply for your mortgage loan with us. Once you know approximately how much home is in your price range, use the guide below or our convenient mortgage calculators to estimate your monthly payments based on the principal and interest. Closing costs are normally paid in a lump sum at the time you take out the loan. Other annual costs such as taxes, insurance and mortgage life insurance are also not included on the chart, but may be added to your monthly payments.
Why work with Standard Bank?
- Personalized, local customer service
- Competitive rates that are updated daily
- Competitive closing costs
- Quick turnaround
- Flexible lending (since we are local!)
- In-house loan servicing for the life of your loan
- Work one-on-one with a loan officer who listens to and analyzes your financial situation
- Local decision making means timely answers and processing
- Supporting a community bank supports the local economy so everyone benefits.
What types of loans do we offer?
|Loan Product||Brief Description|
|Fixed Rate Mortgage (MPF)||Fixed-rate mortgages provide the security of a monthly principal and interest payment that never increases. It also allows for easy budgeting. We offer flexible loan terms and options to meet your needs, as well as government supported programs including USDA, FHA, VA, and PHFA loan options.|
|Fixed Rate Mortgage (Portfolio)||Since not all situations are a cookie-cutter scenario, we know it's important to lend, 'outside-the-box.' Since we make decisions locally, we have more flexibility that banks that only sell loans on the secondary market. We can look at your individual loan and do our best to meet YOUR needs.|
|Adjustable Rate Mortgage (ARM)||Adjustable-rate mortgages (ARMs) have an initial start rate. You will know how much the rate can adjust over the life of the loan and the maximum amount you would have to pay in the future. If you think you will only be in the house for a few years or feel that interest rates may go down, then this may be the loan for you.|
|First Front Door Grant Program||Sponsored by the FHLBank of Pittsburgh, the First Front Door program provides up to $5,000 in grant assistance for qualifying first-time homebuyers. Ask a mortgage specialist if you qualify! (Program beings in March 2019)|
|Refinance||Are rates lower now than they were when you financed your home? You could save thousands of dollars by refinancing! You also have an option to receive cash for additions or renovations.|
|Construction Loan||Building a home? In addition to all the options you need to choose, you also have the responsibility of choosing a bank. We work with many local contractors and are able to meet their needs AND yours.|
|Hometown Loan||Perhaps you are retired, a young professional, or need extra assistance financing your home. If you have good credit and a combined household income that qualifies for the program, this product may be right for you. These loans require a relatively small down payment and offer competitive interest rates. We even pick up a portion of your closing costs!|
|Jumbo Loan||Just like our mortgages listed above, Standard Bank has the ability to offer competitive rates and terms for these larger loans as well. Jumbo loans are for loan amounts greater than $453,100 (subject to change annually).|