First Time
Home Buyer
Our USDA/NIFA program is a long-term fixed rate loan for future homeowners that have not owned a home as their primary residence in the last three years. This popular program is an excellent way to purchase your first home.
Veterans Affairs
Loans
We offer loans for the VA. This easy qualifying loan is an outstanding program for Veterans, Active Military, National Guard, and Reservists, which features 100% financing on loans that are used to purchase a home.
In-House
Loans
Our flexible In-House loans are tailored to your individual situation. The loans feature excellent rates and best of all they are serviced right in the bank by our highly experienced servicing staff.
Secondary
Loans
We maintain a network of secondary market sources that makes it possible for us to offer a vast array of specialized mortgage products. We offer nationally competitive rates here at Mountain Valley Bank.
Construction
Loans
As Western Nebraska’s leading source for construction financing we have literally funded the growth in residential housing in the area. Our experienced lenders will guide you step by step from acquiring the site to moving into your new dream home.
Bridge
Loans
We understand that it can be a challenge to relocate when you still have a home to sell. Our lending professionals are experienced in working out short-term financing to get you settled in your new home as quickly and easily as possible.
Home Equity
Loans
Whether you need money for college expenses, home improvements, a vacation, or any other purpose a home equity loan may be the answer, and the interest may be tax-deductible (consult your tax advisor).
Home Loan FAQ’s
Do I need 20% down?
No! Most mortgage loans require less than a 5% down payment!
Is the down payment the only thing I need to pay for when buying a home?
No. In addition to your down payment, you’ll want to factor in closing costs which include things such as appraisal cost, taxes, and other related expenses into your plan.
Is my mortgage payment the only recurring expense with home ownership?
It’s not just the mortgage. Most mortgage payments include property taxes and insurance but to avoid surprises, make sure you factor in utilities, and other recurring home related expenses into your budget.
Is my low credit a deal breaker?
While credit scores are important, they’re not the only thing that matters when applying for a loan. We offer loan programs that offer more flexibility when buying a home, even with a lower credit score!
Should I avoid Private Mortgage Insurance?
Private Mortgage Insurance (PMI) can make a significant difference by enabling low down payments, which can get you into your dream home sooner! Considering taking on PMI can expand your loan options, so talk to a lender to find the right fit for you.
How will I know what I can afford?
Before you start looking for a home, we can look at getting you Pre-Approved or Pre-Qualified! This will confirm how much you can afford before you go under contract.
What documents will I need to start my loan process?
Every loan has different requirements, however here is a shortlist to help you get started. Documents you’ll need, but are not limited to, are:
– 2 Years Tax Returns
– 2 Years W-2 Forms
– 30 Days of Pay Stubs
– Documents to show additional income to be considered
– 2 Months of Bank Statements
– Investment Portfolio Statements
Use our mortgage calculator to estimate your monthly mortgage payment.
When working with the calculator, please remember the dollar amounts displayed aren’t guaranteed, and what you actually pay may be different. The estimates you receive are for illustrative and educational purposes only.
