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Home Loans - Home Loans Available through City Bank & Trust Co.


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Overview | Financing Your New Home | Types of Home Loans | Home Loan Pre-Qualification Application

Conventional Loans
FHA Loans
VA Loans
NIFA Loans

Conventional Loans

Several types of conventional home loans are available through City Bank & Trust Co. including:

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FHA Loans

  • Buying your first home? FHA loans may allow you to purchase a home with less than a 3% down payment
  • Refinance your existing mortgage up to 97% of the value of your home
  • Various loans available to fit your individual needs
  • Administered by the Federal Housing Administration (U.S. Department of Housing and Urban Development)
  • How much will my payments be?

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VA Loans

  • Guaranteed loans for eligible veterans, active duty personnel, and surviving un-remarried spouses
  • Sponsored by the U.S. Department of Veteran Affairs
  • Competitive rates, low or no down payments
  • Minimum income requirements
  • No mortgage insurance premiums
  • VA mortgages are assumable
  • No penalty for early pre-payment
  • How much will my payments be?

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NIFA Loans

Home loans for first-time homebuyers (or non-first-time homebuyer in select NIFA target areas)

  • Below-market interest rates
  • No penalty for early pre-payment
  • Income limits based on family size
  • Restrictions on maximum purchase price
  • Popular NIFA loans include:
    • Single Family regular mortgage loan
    • Home Buyer’s Assistance (HBA) mortgage loan
      Provides up to 4.25% for down payment and closing costs
      Requires buyer minimum contribution of $500
  • How much will my payments be?

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