When you come to see us about building, buying or refinancing a home, you'll usually be able to meet with one of our loan officers on the spot. What’s more, they are more than likely to be the person who will approve your loan because all our loan decisions are made right here in Roxboro. In most cases, you'll know about your approval very quickly, maybe even before you leave the bank – so you’ll never miss an opportunity due to a lengthy closing process.
We want to stay a part of your homeowner experience – servicing your mortgage from the day we take your application to the day you pay us off. This means that you can always contact us directly if you have a question, concern or problem.
- Loans available for up to 97% of the value of the home to qualified buyers*
- Terms available up to 30 years
- Interest rates can be locked in for 45 days with the ability to buy down
- No unnecessary fees, no discount points, just a simple 1.00% origination fee and standard out-of-pocket closing costs
- Additional FNMA fees or price adjustments may apply
- Payments can be made in person at either branch office, by mail, or by automatic deduction from a Roxboro Savings Bank checking or savings account**
- Certain fixed rate loans may require escrow deposits for taxes and insurance
*Certain restrictions apply, like Private Mortgage Insurance (PMI)
**Automatic deductions can also be made from accounts at other financial institutions
- Initial fixed rate periods available for 3, 5, or 7 years on a 30-year loan
- After that, rates subject to change annually on the anniversary date, and can go up or down
- Annual and lifetime interest rate caps, minimizing the amount a rate may go up or down
- Rates based on the One Year Treasury Security Index plus a margin of 2.25% to 2.75% depending on program
- Initial Interest Rates subject to change at any time
- Loans available for up to 97% of the value of the home to qualified buyers*
- No unnecessary fees, just a simple 1.00% origination fee and standard out-of-pocket closing costs
- Payments can be made in person at either branch office, by mail, or by automatic deduction from a Roxboro Savings Bank checking or savings account**
- Escrow deposits for taxes and insurance not available
*Certain restrictions apply, like Private Mortgage Insurance (PMI)
**Automatic deductions can also be made from accounts at other financial institutions
- Rates are extremely competitive
- Acts like a line of credit during construction, charging interest only as you use it, and converting to an adjustable rate mortgage once the house is built
- Same rate maintained for construction and permanent phases for up to 7 years
- Interest rates can be locked in for 45 days from the date of application
- Flexible draw during construction allows for easy access to funds as needed for builder and borrower
- Inspections handled quickly and internally, often completed on same day as requested
- Customers receive monthly statements for interest due during construction, which may be advanced against the line if desired
- No unnecessary fees, just a simple 1.00% origination fee
- Single closing to keep things as easy as possible
- Payments can be made in person at either branch office, by mail, or by automatic deduction from a Roxboro Savings Bank checking or savings account*
*Automatic deductions can also be made from accounts at other financial institutions
- Loans available for up to 80% of purchase price on manufactured housing
- Fixed rate and adjustable rate mortgages available (Certain restrictions apply)
- Terms up to 30 years on adjustable rate mortgages (Certain restrictions apply, such as the age of the manufactured home)
- No unnecessary fees, just a simple 1.00% origination fee
- Escrow deposits for taxes and insurance not available
- Payments can be made in person at either branch office, by mail, or by automatic deduction from a Roxboro Savings Bank checking or savings account*
*Automatic deductions can also be made from accounts at other financial institutions
To learn more from a home lending specialist, please connect with us at a branch, 1(866) 601-6070, or contactus@roxborosavings.com
