Reliance Bank offers loans
designed for your individual needs that will
fit within your budget. We also provide quick local service, attractive
interest rates and a choice of repayment plans. Choose from one of the
loan options below:
Pre-Approval Program
Finding a home is only half the process. Arranging for the proper loan
to fit your specific financial needs is equally important. Shop for your
home with the confidence that the financing you need is readily
available.
• $50 fee credited to closing costs if a mortgage application is taken
• Pre-approval letter provided for Realtors, Sellers, etc.
• Commitment valid for
60 days
• Fast response
Mortgage Loans
Whether you are a first time homebuyer or refinancing your existing
mortgage, our mortgage specialists are available to answer all of your
questions and help you through the process smoothly and quickly.
• Fixed and variable interest rates
• Various terms available
• Bank serviced or servicing released programs available
• 24-Hour Telephone and Online Banking
access
• Automatic payments from checking or statement savings
• Competitive interest rates
• PHFA
Construction Loans
You can finance your home construction and your new home in a single
step. There's just one application process, one appraisal and one
closing, which saves you thousands of dollars.
• One closing, one low rate
• Six month construction period
• Interest only on monies disbursed during the construction period
• Financing up to 95% of the lot value and construction costs as
determined
by an appraiser
• Competitive interest rates
First Time Home Buyer Program
Free pre-qualification for a mortgage, relaxed guidelines, and our free
Home Buyers Seminar are a few ways we can make your first home purchase
easier, less stressful, and more affordable.
• Bank waives application and
document preparation fees
• Taxes and insurance escrowed and paid by the Bank
• Financing up to
95% of the sale price
• 24-Hour Telephone and Online Banking access
• Automatic payments from checking or statement savings
• Competitive interest rates
Home Equity Installment Loans
As a homeowner, you can use your equity as a source of available credit
to complete home improvements, buy an automobile, or consolidate debts.
• Affordable fixed monthly payment
• Variable terms available
• Interest paid may be tax deductible
• Borrow up to 89% of your home's equity
• 24-Hour Telephone and Online Banking
access
• Automatic payments from checking or statement savings
• Competitive interest rates
Home Equity Line of Credit
Use your home's equity as a source of revolving credit to use whenever
you need it.
• Low monthly payment
• Interest paid may be tax deductible
• Free personalized checks
• 24-Hour Telephone and Online Banking
• Automatic payments from checking or statement savings
• Competitive interest rates
Building Lot Loans
This loan gives the flexibility to purchase land and make interest only
payments for the first two years.
• Interest only payments for the first two years
• After two years, affordable principal and interest payments
• 24-Hour Telephone and Online Banking
access
• Automatic payments from checking or statement savings
• Competitive interest rates
