Home Loan Options
CVNB offers a broad range of mortgage options, and we’ll work closely with you to find the loan that fits your budget and lifestyle. Our mortgage options include:
Fixed Rate Mortgage
A straightforward option for financing your home. With this type of mortgage, you’ll have a fixed interest rate for the entire life of the loan.
- Various repayment terms available
- Loan amounts up to $726,200.00
Second Mortgage
Utilize a second mortgage loan to secure financing for your primary residence, with the flexibility of a 3-year or 5-year adjustable rate option. With a range of available terms, CVNB can tailor the loan to best suit your financial needs and goals.
- Minimum borrowing amount of $10,000.00
- Various repayment terms available
Adjustable Rate Mortgage
The Adjustable Rate Mortgage provides the flexibility to choose between a 3-year or 5-year fixed interest rate before it adjusts. It offers a long-term repayment plan and can be used for purchasing or refinancing a primary home, second home, or investment property.
- No private mortgage insurance requirement
- Up to 85% Loan to Value (LTV)
- Multiple collateral options
Jumbo Mortgage
Our Jumbo Mortgage offers financing options for high-value properties beyond conventional loan limits. With competitive rates and personalized qualification options, our mortgage lenders can help you determine whether a Jumbo Mortgage is right for you.
- Fixed interest rates
- Various repayment terms available
- Loan amounts starting at $726,201.00
Manufactured Home Loan
This loan is designed for the purchase of a single-wide or double-wide manufactured home.
- Options include a 3-year fixed rate that adjusts every 3 years or a 5-year fixed rate that adjusts every 5 years
- Fixed and adjustable interest rates
- Various repayment terms available
- Financing based on the year of the manufactured home
Condo Loan
A condo loan is a financing option specifically for purchasing or refinancing a condominium unit. It can be used for a condo that will serve as your primary residence or an investment property.
- Adjustable interest rates
- Options include a 3-year fixed rate that adjusts every 3 years or a 5-year fixed rate that adjusts every 5 years
- Various repayment terms available
- No private mortgage insurance requirement
Government Mortgage
Government mortgage programs offered through agencies such as the Federal Housing Administration (FHA), Department of Veterans Affairs (VA), and United States Department of Agriculture (USDA) can help eligible borrowers finance the purchase of a home.
FHA
Federal Housing Administration
- Fixed interest rates
- Various repayment terms available
- Primary homes only
- Certain loan limits apply
VA
Department of Veterans Affairs
- Fixed interest rates
- Various repayment terms available
- Primary homes only
- Certain loan limits apply
- Available to eligible service members, veterans, and surviving spouses
USDA
United States Department of Agriculture
- Fixed interest rates
- Various repayment terms available
- Primary homes only
- Certain loan limits apply
For more details about government mortgages, consult one of our CVNB mortgage lenders.
Home Equity Line of Credit (HELOC)
Your home’s equity can be used for more than just home improvements. A CVNB Home Equity Line of Credit gives you access to funds for large purchases, debt consolidation, unexpected expenses, and more.
- Up to 85% Loan-to-Value (LTV)
- Various repayment terms available
- Primary residence only
- Monthly payment of 1% of loan balance
