We're here for you.
Purchasing a home can be a huge financial decision. Jackson Savings Bank, SSB offers competitive mortgage rates on traditional homes, manufactured homes, land, and commercial properties with various finance options. Contact us today for our current rates or visit us to pick up an application and let us help you reach your goals of being a homeowner.
Types of Home Loans
First Mortgage Lending
and Conventional Loans
When you purchase your home with a loan from Jackson Savings Bank, you get competitive rates and personalized service where all decisions are made locally. We offer up to 90% financing towards the purchase of a home with a variety of fixed and adjustable rates to choose from.
Manufactured Housing
We finance the purchase of a modular home just like we finance the purchase of a traditional site built house. We offer 90% financing for existing homes and 80% financing for construction loans.
FHA
We also offer 25-year adjustable rate loans for other types of manufactured housing. The interest rate is generally lower than a fixed rate loan and is fixed for the first 5 years with annual adjustments thereafter.
USDA
Loans for homes in rural areas as defined by the U.S. Department of Agriculture. USDA loans typically do not require a down payment and offer fixed rates.
VA
Offered to eligible veterans with no down payment or mortgage insurance requirements and lower credit score requirements. Guaranteed by the U.S. Department of Veterans Affairs.
FAQs
What types of home loans does Jackson Savings Bank offer?
Jackson Savings Bank offers a variety of home loan options, including competitive fixed and adjustable rate mortgages. We provide up to 90% financing for traditional homes, modular homes, and other types of manufactured housing. We also offer specialized financing for rural properties and VA loans for eligible veterans.
Can I get financing for a modular or manufactured home?
Yes, we finance modular homes and manufactured housing just like traditional site-built houses. We offer up to 90% financing for existing modular homes and 80% financing for construction loans. Additionally, we provide 25-year adjustable rate loans for manufactured homes with a fixed rate for the first 5 years.
What are USDA loans, and how can I apply for one?
USDA loans are designed for homes in rural areas as defined by the U.S. Department of Agriculture. These loans typically do not require a down payment and offer fixed interest rates. Contact us for more details on eligibility and application procedures.
What benefits do VA loans offer?
VA loans are available to eligible veterans and offer benefits such as no down payment, no mortgage insurance requirements, and generally lower credit score requirements. These loans are guaranteed by the U.S. Department of Veterans Affairs, providing additional security and favorable terms.
What should I know about adjustable rate mortgages?
Our adjustable rate mortgages feature competitive rates and provide up to 90% financing. These loans come with fixed rates for an initial period (e.g., 5 years) and adjust annually thereafter. They can offer lower initial rates compared to fixed-rate loans, potentially saving you money in the early years.
