Two of the sweetest words in the English language are, arguably, “Welcome Home.” As a local community bank, our decision makers are right here to support you in one of life’s biggest milestones, getting a mortgage loan that fits your lifestyle, budget, and future.
Buying, refinancing or building a home is one of the most important financial decisions you make. And like every home, every person’s needs take a different shape. We can help. Not only do we have standard fixed rate programs, we also have adjustable rate portfolio programs that can accommodate customers with unique situations.
With affordable monthly payment plans, home ownership is a reality for almost everyone. Talk with us today about the loan that’s right for you.
Home Purchase and Refinance Programs
- Fixed Rate Mortgage
- Adjustable Rate Mortgage
- First Time Homebuyer Program
- Construction Loan Programs
- Mortgage Refinancing
- Check Current Mortgage Rates
- Meet Our Lenders
- Mortgage Checklist
- Subordination Documentation Checklist
Ready to purchase your home today? You can apply online for a mortgage or pre-approval to easily start the process, wherever you are.
Upload Loan Documents Electronically
If you have started the mortgage or equity loan process with Main Street Bank, and have agreed to sign and share documents electronically, please use this information to upload and view your loan documents.
Electronic signing and documentation is a convenient way to manage and monitor your mortgage or equity loan application. To use this feature, you must have previously submitted an application and accepted our e-consent disclosure to share information electronically.
If you submitted a loan application before December 17, 2020, please use the link below to upload and view your loan documents.
If you submitted a loan application on or after December 17, 2020, please use the link below to upload and view your loan documents.
Fixed Rate Mortgage
A Fixed Rate mortgage offers a stable interest rate over the life of the loan. The most popular term for borrowers is 30 years, but your fixed rate loan can have flexible terms that fit your budget and timeline.
Our long term, fixed rate mortgage is the traditional way to finance a home. The interest rate stays the same for the entire term of the mortgage, which means your monthly principal and interest payment is always the same.
Check today’s current fixed mortgage rates.
You can begin your mortgage application online today.
Adjustable Rate Mortgage
An Adjustable Rate Mortgage (ARM) is a loan term that can change after a certain period of time. This may be a good for you if you are planning to move or sell your home in the short-term.
With an Adjustable Rate Mortgage (ARM), your initial rate is typically lower than the rate on a fixed rate mortgage. This means lower monthly payments at first, which can help you offset the costs of your down payment, closing costs, moving expenses and other incidentals that come with buying a new home. Depending on rate movements in general, the ARM may offer a lower cost over the life of the loan. Main Street Bank’s ARMs feature caps which limit the amount your interest rate can change in a single year as well as over the life of the loan.
Check today’s current adjustable mortgage rates.
You can begin your mortgage application online today.
First Time Homebuyer Programs
When you’re ready to purchase you’re very first home, a first time homebuyer mortgage program comes with flexible terms, and lower down payment options to help you comfortable afford your first home.
We understand that the home-buying process can be overwhelming. That’s why we have expert community lenders who’ve been helping first time homebuyers for decades.
Their guidance will give you more than just the right mortgage program to keep your payments affordable, they’ll help you with all of the other decisions to make sure you get the right home in the right neighborhood for you.
Check out our 7/1 adjustable rate mortgage first time homebuyer program.
Construction Loan Programs
When you want to build a new home, or improve your existing home, we have the right mortgage for you to afford home construction projects.
Our Construction-to-Permanent Mortgage Program is convenient and cost-effective. This two-step loan calls for a construction period where you pay interest only on the funds drawn for a 12 month period (or less if the construction is completed.)
When your construction is complete, the loan automatically converts to a regular monthly payment of principal and interest. This means you only have one closing — which saves you time and money. You’ll also get a guaranteed rate of interest throughout the construction period and on your permanent financing. The interest rate you lock in at application is the same rate you get when construction has ended. Construction loans are available on our owner occupied 7/1 and 10/1 adjustable rate mortgage products.
For more information, contact one of our Community Lenders.
A mortgage refinance replaces your current home loan with a new one. When interest rates drop or market values rise, it is a good time to think about refinancing your mortgage to save money or repurpose your home’s equity.
You can refinance your current mortgage into a new term, depending upon your goals. Check the current rates for a mortgage refinance to determine what program will fit your needs.
You can also find out if you can reduce your current mortgage payment or decrease the length of your loan term by using our mortgage refinance calculator to get an estimate on what your payments could be.
For your convenience, we have put together a checklist of documents that will be important for completing your mortgage loan application.
- Employer name and address (Last two years)
- Most Recent Year’s W2(s) and Most Recent Pay Stub
- Self Employed Borrowers must provide complete last 2 years signed federal tax returns, for both business and personal (to include ALL pages)
- Deposit Accounts (Bank names, Account Number’s and Balances
- Most recent bank statements for all accounts (to include ALL pages)
- Any Open Loans or Mortgages (Creditor Name, Address and Account Number’s)
- Credit Cards with Outstanding Balances (Creditor name, Balance and Payment)
- Purchase & Sale Agreement (with photocopy of deposit checks)