Mortgages
Availability:
Mortgage Loans are available to any person 18 years or older. Subject to our Lending Policy and Residential Loan Underwriting Standards.
Specific Types of Credit:
- First Time Homebuyer Loans.
- Single-family owner occupied residences.
- Rental Properties
- Refinance
- Construction
- Second Mortgage (If first is with ISB).
Down Payment:
- Fixed rate mortgage 3%.
- Adjustable rate mortgage 5%.
Maximum:
97% subject to Private Mortgage Insurance Approval.
Escrows:
Are required for all assessments due to property taxes, and where applicable, flood insurance and private mortgage insurance.
Prequalifications:
FREE - Available upon request from any
mortgage loan department employee.
Application:
May be made by phone, FAX, mail or in person.
NMLS Consumer Access
www.nmlsconsumeraccess.org
This is a free service for consumers to confirm that
Investment Savings Bank and our mortgage professionals with
whom you wish to conduct business are authorized to conduct
mortgage business in your state. It contains
information regarding Investment Savings Bank and our
mortgage loan originators who are registered with NMLS.
Investment Savings Bank's NMLS ID number is 447166.
The following is a list of our mortgage loan originators and
their NMLS ID Numbers:
Thomas V. Barkman
Jeffrey E. Fleck
Victor J. Hrescak
Christine R. Myers
Crystal L. Pedrazzani
Kimberly A. Scherden
Brenda M. Shultz
Cynthia A. Yablinsky
470274
414271
470272
470277
470278
470275
470276
470271
Mortgage - First Time Homebuyer Program
Availability:
First Time Homebuyer Loans are available to First Time Homebuyers(no ownership in a principal residence during a three-year period prior to purchase of a principal residence) or a Displaced Homeowner. Subject to our Lending Policy and Residential Underwriting Standards.
Our Lending Area
Down Payment and Closing Costs:
- 3% or Higher Down Payment.
- Lower Closing Costs
Maximum Amount:
80% appraised value or purchase price (whatever is lower) with higher loan-to-value ratios available up to 97% subject to private mortgage insurance underwriting and approval.
Escrows:
Are required for all assessments due to property taxes, and where applicable, flood insurance and private mortgage insurance.
Prequalifications:
FREE - Available upon request from any Mortgage Loan Personnel.
Application:
May be made by phone, FAX, mail or in person.
