National Exchange Bank & Trust has been helping your friends and neighbors finance their homes for many years. Whether you are a first-time buyer, want to move into a larger home, or want to refinance your existing home, National Exchange Bank has many financing programs available to help make the process easy. Just fill out and submit an online application and one of our loan representatives will follow up on the status and answer any questions you may have. Our goal is to provide the highest level of service at competitive rates so you can sleep good at night in your home.
Download the NEBAT Home Loan App
How Do I Get Pre-Approved for a Loan?
Start our online loan application and check pre-approval when prompted!
If you are interested in a Preferred Pre-Approval (the next best thing to a cash offer), contact us through our online form or call your local office.
You can also specify your lender within the online application. If you don't already have a NEBAT lender, one will reach out to you upon submission.
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What are Adjustable Rate Mortgages (ARMs)?
Unlike a fixed loan, an Adjustable Rate Mortgage (ARM) home loan includes terms that allow the rate to change after a specified period of time.
How does an Adjustable Rate Mortgage (ARM) work?
After the initial fixed rate period (3 years or 5 years) the adjustable rate is based upon the 1-Year Constant Maturity Rate +3.500% (rounded up to the nearest 1/8 with 2/2/6 Caps).
What is the advantage of an Adjustable Rate Mortgage (ARM)?
Combat rising interest rates with an Adjustable Rate Mortgage (ARM) that features a lower initial interest rate versus a conventional loan.
Is an Adjustable Rate Mortgage (ARM) right for me?
An ARM may be a financing option to consider when you know this home purchase is shorter term; it may be a starter home, a temporary home during uncertain circumstances or a step on your way to your dream home.
First-Time Homebuyer?
With a competitive initial rate and special Loan to Value at a maximum of 95%, this is a great option to get you into your first home!
Ask your local lender about the details of this special 5/1 ARM!
3/1 and 5/1 ARMS
- Loan Amounts up to $647,200
- Owner Occupied 1-4 family homes and Second Homes are eligible
- Minimum of 650 credit score with a maximum 30-year amortization
- Loans over 80% Loan to Value require Private Mortgage Insurance
- Loans retained and serviced by NEBAT
- Purchase, Rate and Term Refinance, and Cash Out Refinances available
- Rates and Terms subject to change
JUMBO 3/1 and 5/1 ARMS
- Loan Amounts more than $647,200 up to $1 million
- Owner Occupied 1-4 family homes and Second Homes are eligible
- Minimum of 650 credit score with a maximum 25-year amortization
- Loans over 80% Loan to Value require Private Mortgage Insurance
- Loans retained and serviced by NEBAT
- Purchase, Rate and Term Refinance, and Cash Out Refinances available
- Rates and Terms subject to change
What is a fixed rate mortgage?
With a fixed rate mortgage, the interest rate will remain the same for the duration of the loan. In return, your monthly payments remain the same. Fixed rate mortgages are available in 10, 15, 20, or 30-year terms.
What is the advantage of a fixed rate mortgage?
A fixed rate mortgage helps with predictability when budgeting. Without having to worry about your payment changing, you can budget and have peace of mind.
When rates are low, a fixed rate mortgage can help lock in the rate for the duration of the loan.
Is a fixed rate mortgage right for me?
This type of loan is good for those who may plan to live in a house for a long time, want predictability for their monthly payments, or those who are purchasing their home when rates are low.
Resources for Your Home Buying Journey
Home Buyer's Guide
We understand that buying a home is an exciting and sometimes daunting prospect. Check out this roadmap infographic on the home buying process, and feel free to contact one of our lenders to simply ask questions. We are here to support you throughout your home buying process.
Mortgage Closing Checklist
Use this simple checklist to help you prepare for closing. Keep in mind that homebuyers can be the target of fraud, so it is important to make sure all communications are with your trusted representatives, not an impersonator. Being informed and prepared for closing may help you avoid being a victim of fraud.
Online Loan Applications
To help the government fight the funding of terrorism and money-laundering activities, federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account. What does this mean for you? When you open your account, we may ask for your name, address, date of birth and other information that will allow us to identify you. We may also ask for your driver’s license information or other identifying documents.
