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Mortgage & Home Equity Loans

Flora Bank & Trust offers a variety of mortgage loans and terms to help put your dream house within reach.


Reasons to Get a Home Loan

  • Purchase a new home
  • Refinance your home
  • Home Improvement
  • Home Construction

Types of Loans

  1. 1. Fixed-Rate Real Estate Mortgages
    • Flora Bank & Trust offers fixed rate mortgages allowing you to lock in your interest rate for the entire term of your loan. The advantage to a fixed-rate mortgage is that your monthly payment never changes. Terms go up to 30 years; typically the shorter the loan term, the lower the interest rate.
  2. 2. Balloon Mortgages
    • We also offer Balloon mortgages that start with a rate good for a fixed period, typically 3, 5, or 10 years, after which the rate adjusts to the current market rate. Payment due dates, and amortization periods are flexible. Flora Bank & Trust retains the servicing on these loans so your payments will be made locally. Decisions on loans are made locally.
  3. 3. USDA Guaranteed Loans (First-Time Home Buyers)
    • We offer USDA Guaranteed loans to customers who may not have a down payment on a home. We can finance up to 100% of the purchase price of the home plus closing costs — subject to qualification for the program. These are 30-year fixed-rate loans.
  4. 4. Flexible Options for New Home Construction
    • Whether you are building a custom home, purchasing a home that needs major renovation or renovating your existing home, Flora Bank & Trust can help with your home financing needs.


Frequently Asked Mortgage Questions:

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