Home Loans

Options, options, options! American National Bank can help you with your home ownership needs.

Be sure to check out our Real Estate Listings to find a place that works for you and your family!

LOAN TYPE BEST IF...DOWN PAYMENT RATE INFORMATION ADDITIONAL INFORMATION
RURAL DEVELOPMENTYou have very little or no money for down payment0Fixed Rate for 30 years
  • Income limit to this program
  • Property requirements
  • 1% Guarantee Fee
  • Annual fee of 0.35% (paid monthly & declines as principal is paid down)
  • Seller can pay closing costs of up to 6% of the purchase price.
VAYou are a veteran0Fixed Rate with either 15 or 30 year terms, Adjustable Rate Mortgage (ARM) products also available
  • VA Funding fee may apply
  • No monthly mortgage insurance, attractive rates
  • Property requirements
  • Seller can pay up to 4% of the purchase price in closing costs
FHAYou have some money saved for a down payment. May allows some credit "glitches"0.035%Fixed rate 15 or 30 year terms. Adjustable Rate Mortgage (ARM) products also available
  • Up Front Mortgage Insurance premium as well as monthly mortgage insurance
  • Monthly mortgage insurance is for the life of the loan
  • Property requirements
  • Seller can pay closing costs of up to 6% of the purchase price
CONVENTIONAL FINANCINGYou have money for a down payment or access to a gift3.00% - 20.00% +Fixed rates 10, 15, 20 or 30 year terms. Adjustable Rate Mortgage (ARM) products also available
  • Several options/programs available
  • Lower down payment products will require mortgage insurance (if less than 20% down)
  • Down payment can be gifted
  • Closing costs can be paid by seller, amount varies based on amount of down payment
JUMBO LOANSYour loan amount is over $548,250.0020.00% +Fixed Rate for 15 or 30 years, Adjustable Rate Mortgage (ARM) products available
IN-HOUSEYou are looking at a unique property or have a unique need20.00% +Variable rates, several different amortizations
  • If property will not meet secondary market guidelines we have other options available
  • Construction loans, seasonal property, land, investment properties

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