MORTGAGE LOANS
APPLY NOWHome Loans: A Legacy at Adams Bank & Trust
For more than a century, home loans have been a fundamental part of Adams Bank & Trust. This extensive experience has enabled us to assemble a mortgage team that truly distinguishes itself from the competition.
STEPS THAT TAKE YOU INTO YOUR NEW HOME
- Pay stubs for the most recent 30 days
- W-2 statements for the most recent 2 years
- Bank statements for the most recent 2 months
- Tax returns for the most recent 2 years, if you are self-employed or own rental properties
- Current mortgage statement and homeowners' insurance policy, if you are applying for a refinance
- Unfreeze your credit
FIND A LOAN OPTION THAT FITS YOU
CONVENTIONAL
A good choice if... you have a good credit score and can afford to put down at least 3%.
FHA
An option if... you don't have perfect credit or a lot of money for a down payment.
BRIDGE
Best when... you want to purchase a new home prior to selling your current home.
NIFA
Best when... you live in Nebraska and this is your first home purchase.
LAND
A good choice if... you are looking to purchase a piece of land for your future residence.
CONSTRUCTION
A good choice if... you need a loan to cover the costs of building your new home.
USDA
Best when... you have low to moderate-income and want to buy a home in a rural area.
JUMBO
A good choice if... you are needing a loan that is over $832,750.
Nebraska Energy
An option if... you need to make home improvements, purchase appliances, & more.
VA
Best when... you are a veteran or on active duty and don't have funds for a down payment.
LEARN MOREHOME LOAN RESOURCES
HOME EQUITY LOANS
Want to turn your home equity into a lump sum or line of credit? A home equity loan or HELOC lets you borrow against it at a lower rate than other types of loans.
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Whether you're purchasing your first home or settling into your forever residence, we offer flexible options to ensure you’re fully supported. Not sure where to start? Don't worry we got you!
REACH OUT TODAYA mortgage is a loan used to purchase real estate, such as a home. The borrower agrees to pay the bank over time, typically in regular payments divided into principal and interest. The property serves as collateral to secure the loan.
You will need proof of income, credit history and an acceptable debt-to-income ratio to qualify for a low-interest mortgage loan. But there are still options if you don’t meet all of these requirements.
Reach out to one of our Mortgage Bankers to get started today.
A credit check is required to ensure that you are eligible for the loan along with a review of your income and assets. If you qualify, you will receive a mortgage pre-qualification letter that you can use to make an offer on a home. This shows the seller that you can get a home loan for the necessary amount from a reputable lender.
An interest rate is the annual cost of borrowing money expressed as a percentage. It does not include fees. The annual percentage rate (APR) is a broader measure of the cost, since it does include the interest rate and other fees you pay to get the loan. Talk to a loan officer and they can further explain interest rate vs. APR.
You can pay off your mortgage any time with no additional charges. None of the mortgage loan programs we offer (on a first mortgage) have penalties for prepayment.
Mortgage insurance makes it possible for you to buy a home with less than a 20% down payment. It protects the lender against the additional risk associated with low-down-payment-lending. With mortgage insurance you are able to put down as low as 3% of the home's value; benefiting those who want to get into a home but don’t have the cash for the down-payment on hand.
Once you have at least 20% equity in your home, talk to your loan officer about how you can either reduce your costs or possibly eliminate the need for mortgage insurance.
Yes. Reaching out to one of our Mortgage Bankers is a great first step. Getting pre-qualified before you begin your home search can give you an edge when looking for a home in a competitive buyers’ market. You’ll also know how much home you can afford.