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BNA Bank is certified by the U.S. Treasury as a Community Development Financial Institution. As a certified CDFI, we have more flexibility, variety, and attractive terms than non-certified banks on traditional and non-traditional home loans for many customers.
Types of Home Loans from BNA Bank
BNA Mortgage offers a variety of mortgage loan programs. Each loan has unique advantages depending on the financial needs of the customer.
Types of Home Loans from BNA Mortgage
MEET OUR MORTGAGE TEAM
Let's talk home loans!
If you're not sure about the type of home loan you need, we would be happy to talk and help determine which loan might be the best fit for you.
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NMLS #1635542 |
NMLS #416288 |
Types of Home Loans from BNA Bank
BNA Bank Home Loans are loans serviced by BNA Bank.
Adjustable Rate Mortgage The rate is adjusted every year, three years or five years. Loans are amortized up to 30 years. The rate adjusts accordingly with a notice sent to the borrower.
Balloon Mortgage The rate is fixed for up to 5 years and amortized up to 30 years. At the end of the fixed rate period, the balance is refinanced at the current rate or paid in full.
BNA Bank Bridge Loan A bridge loan is a short-term loan, generally a year or less, used until you secure permanent financing or remove an existing obligation. It allows the consumer to meet current obligations by providing immediate cash flow. Home owners can use a bridge loan towards the purchase of a new home while they wait for their current home to sell.
Residential Construction Loan on a primary residence This is a short-term loan with a higher-interest rate that provides the funds required to build a residential property.
Mobile Home Loan Purchase or refinance of a new or used mobile home and land.
Types of Home Loans from BNA Mortgage
BNA Mortgage Home Loans are loans that are sold into the secondary market. The terms of your loan remain the same, but your servicer may vary during the life of your loan.
Conventional Mortgage A conventional mortgage is a home loan that isn’t backed by a government agency, such as USDA Rural Housing, FHA or VA. Conventional mortgages often meet the down payment and income requirements set by Fannie Mae and Freddie Mac, and they often conform to the loan limits set by the Federal Housing Finance Administration (FHFA). Down payment requirements can vary based on the borrower’s credit history.
FHA Mortgage Federal Housing Administration (FHA) loan is a mortgage that is insured by the Federal Housing Administration (FHA) and issued by an FHA-approved lender. FHA loans are designed for low-to-moderate-income borrowers; they require a lower minimum down payment and lower credit scores than many conventional loans. Non-occupying borrower may be allowed.
USDA Rural Housing Mortgage A USDA Home Loan is a Government insured loan that allows borrowers to obtain 100% financing with no down payment requirement. It is designed to meet the needs of people living in small communities, rural areas, as well as outlying metropolitan areas. This loan has income and property eligibility requirements based on the subject's property location.
VA Mortgage Veteran's Affairs (VA) helps Servicemembers, Veterans, and eligible surviving spouses become homeowners. The VA provides a home loan guaranty benefit and other housing-related programs to help buy, build, repair, retain, or adapt a home for your own personal occupancy. VA guarantees a portion of the loan, enabling us to provide you with more favorable terms.
Jumbo Mortgage Loan This mortgage is designed to finance high-value homes that require loans above the standard conforming loan limit. The key difference between a jumbo mortgage and a conforming loan is the size of the loan.
Residential Construction Loans on a primary residence This is a short-term loan with a higher-interest rate that provides the funds required to build a residential property.
Mortgage Loan Originators
SECURE AND FAIR ENFORCEMENT LICENSING ACT OF 2008
Title V of the Housing Economic Recovery Act of 2008, the Secure and Fair Enforcement Mortgage Licensing Act of 2008 (S.A.F.E. Act) is designed to enhance consumer protection and reduce fraud through the setting of minimum standards for the licensing and registration of mortgage loan originators (MLOs). Registration is required for Mortgage Loan Originators who work for an insured depository institution.
The following website will provide you with information about all Mortgage Loan Originators who are either licensed or registered: www.nmlsconsumeraccess.org.
A list of registered Mortgage Loan Originators who are employed by BNA Bank with their unique identifier is available by pressing the button below. This identifier will be needed to access the information about a particular Mortgage Loan Originator.
Registered Mortgage Loan Originators
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.
What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.