Mortgage Loans

 

See Current Rates Apply for a Loan

We offer a variety of specialty and portfolio products, from first time home buyer guidance, home equities to second mortgages, refinancing, and government assistance for those currently underwater with mortgage payments. 

Don’t feel like coming down to the branch? No problem! With Nymeo you can start the application process online. You can also use our mortgage calculators below and view the latest current loan rates here.

*Rates may vary depending on credit worthiness. Not all applicants may qualify. Terms and conditions are subject to change without notice.

The conforming loan limit is $417,000 within the continental United States. 15-year, 20-year or 30-year fixed rates terms are available for primary residences, second homes and investment properties. Up to 95% Loan-to-Value for qualified borrowers on a primary residence, 85% Loan-to-Value for second homes, and 80% Loan-to-Value on investment properties.

Adjustable Rate Mortgage loan limits depend on an individual borrower’s Credit and Debt-to-Income Ratio and will be determined on a case by case basis. 3/1 ARM, 5/1 ARM, 7/1 ARM and 1/1 ARM are available for primary residence, second homes and investment properties. Up to 95% Loan-to-Value for qualified borrowers.

  • 3/1 ARM
    A 3/1 ARM is an Adjustable Rate Mortgage that has an initial interest rate that remains fixed for the first three years, and thereafter adjusts each year. Each annual rate adjustment is based on the 1-year Treasury index plus a margin.
  • 5/1 ARM
    A 5/1 ARM is an Adjustable Rate Mortgage that has an initial interest rate that remains fixed for five years, and thereafter adjusts each year. The adjustment is based on the 1-year Treasury index plus a margin.
  • 7/1 ARM
    A 7/1 ARM is an Adjustable Rate Mortgage that has an initial interest rate that remains fixed for seven years, and thereafter adjusts each year. The adjustment is based on the 1-year Treasury index plus a margin.

Home Equity Line of Credit

Home Equity Lines of Credit are accessed by writing a check. No interest is charged until the credit line is used. The APR is a variable rate plus or minus a margin and is based on the prime rate (adjusted according to each member's credit history, so your rate may differ) as published in The Wall Street Journal. The rate is subject to change semi-annually. Maximum APR is 18%.

  • Up to $300,000 line of credit.
  • Borrow up to 90% loan-to-value for primary residences. 
  • Interest Rates are based on the borrower’s credit scores.

Home Equity

Put your home to work for you! Click here for more information on Nymeo's variety of budget-friendly home equity loans and lines of credit.

Home Equity Lines of Credit can be accessed through My Nymeo Online Banking.Convenience checks can also be ordered at no additional cost by contacting our Lending Department. Click here for contact information.

For further information about Home Equity Lines of Credit, click here to view the booklet, “What You Should Know About Home Equity Lines of Credit” by the Consumer Financial Protection Bureau.

Home Equity Loan / Second Mortgag

Enjoy a fixed rate for the life of your loan with payment amounts that never change. 

  • Borrow up to $300,000.
  • Repayment terms up to 15 years.
  • Borrow up to 90% loan-to-value for primary residences. Interest Rates are based on the length of term selected and the borrower’s credit scores.