Mortgage Loans

LNB offers a complete range of mortgage options for financing your primary residence, seasonal second home, or investment property. Choose from traditional residential mortgage loans, construction loans, low down payment options, bi-weekly payment options, and more. Plus, our hometown touch means you can count on local decisions and servicing so you can enjoy fast turnaround time, and all of your questions will be handled here at home.  

• Conventional Fixed Rate Mortgages – We offer terms ranging from 15 to 30 years with competitive rates. Monthly payments will stay the same throughout the life of the loan. 
• Purchase and Rehab Mortgage – This loan allows customers to finance the purchase of a home and pay for rehabilitation costs at the same time with one easy closing. 
• First Time Home Buyers Program – Thinking about buying a home but not quite ready yet? Consider the LNB First Time Home Buyer's Program to help you save for that purchase.  Find out more 
• 95% Financing Program – If you don't have a large down payment saved, this option allows you to finance up to 97% of the purchase price of your home. 
• 80/10/10 Program – If you have a 10% down payment and want to avoid the cost of Private Mortgage Insurance (PMI), this program combines an LNB residential mortgage with an LNB Home Equity Loan to provide total financing of 90% of the purchase price and avoid the added cost of PMI.
• Construction to Permanent Mortgages – You'll have one easy closing for both the construction and permanent mortgage.  We'll work with your builder to develop a flexible draw schedule, and you can lock in a fixed rate on your permanent mortgage for up to sixty days before construction is complete. If you own the land you're building on, you may use it as a down payment.  Find out more.
• Manufactured Housing – Finance a manufactured home, whether you're purchasing an existing home or building.
  
• Land – Purchase now with the expectation of building for residential or recreational purposes later.
• Nonconforming – This option is available to help you purchase property that does not have the characteristics for meeting the criteria of a conventional mortgage.

For more information, including current rates, please call or stop by your local LNB office.