Mortgage Loans

Fairmount Bank offers a variety of mortgage programs featuring competitive rates, flexible terms and fast pre-approvals. No two houses are alike and no two people’s needs are alike. Our Loan Officers will customize a mortgage solution to fit your needs.
• Whether it is a Home Purchase or Refinance we can provide both Fixed Rate and Adjustable Rate loans.
• For those building a home our Construction Loan is flexible and convenient. Only one settlement for both construction and permanent loan.
• We also offer competitive rates for Jumbo Mortgages and mortgages to finance commercial and investor properties.

Equity Loans

Home Equity Line of Credit – The cash equity in your home can be used over and over again. Once you are approved, you never need to apply again.
• You access your line by simply writing a check on your line of credit account.
• Low variable interest rate tied to Prime Rate as reported in the Wall Street Journal.
• Closing costs are waived, however if the account is closed within three years of opening, the waiver is rescinded and the closing costs will be added to the balance of the account and due immediately.
• Draw period of ten years with a repayment period of ten years.
• Minimum Line amount is $10,000.
• Also, the interest may be tax deductible (consult your tax advisor for details).
Home Equity Loan – This loan allows you to use the cash equity in your home for any purpose including paying off high interest credit card debt, home improvements, college bills, new car or whatever.
• Low fixed interest rate.
• Multiple year terms are available.
• Also, the interest may be tax deductible (consult your tax advisor for details).

"Our commitment is to superior service"

To contact a Loan Officer for quotes, questions and to discuss what loan product will best fit your needs, call 410-866-4500 and ask for Bob Hopp, or click here to email us.

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