Home Loans

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 likely to be the person who will approve your loan because all our loan decisions are made right here in Roxboro. 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. You can always contact us directly if you have a question, concern or problem.

Use these calculators to help determine how much of a mortgage payment you might be able to afford. See today’s rates.

Fixed Rate

Fixed Rate Mortgages

    • Loans available for up to 97% of the value of the home to qualified buyers*
    • Terms available up to 30 years
    • 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

 

Resources:

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Adjustable Rate

Adjustable Rate Mortgages

  • 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 Constant Maturity Treasury 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.*

*Automatic deductions can also be made from accounts at other financial institution

Resources:

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Manufactured Housing Financing

Manufactured Housing Financing

  • As one of the only banks in the area offering these mortgages, we make purchasing or refinancing a manufactured home easy
  • Flexibility with fixed and adjustable rate mortgages at attractive interest rates
  • Use the land you already own as part of your equity

 

Resources:

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Construction to Permanent

Construction to Permanent Mortgages

  • Rates are extremely competitive
  • Acts like a line of credit during construction, charging interest only as you use it, and converting to a fixed or an adjustable rate mortgage once the house is built
  • Same rate maintained for construction and permanent phases for up to 7 years
  • 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 institution

Resources:

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psavings

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