22 Days until the launch of our exciting, new BaZing checking accounts!
Coming July 3, CFB will have new BaZing checking accounts that will come with discounts to local merchants, roadside assistance, cell phone protection and more!
In-house five(5) year balloon note: This is a conventional loan. The maximum amortization is thirty(30) years. It requires 20% down and a credit score of 640.
Construction: Short term loan to cover the building of a new home as a primary residence.
Home Equity Lines of Credit: Use the equity in your home to make home improvements, consolidate high-interest debt, or have emergency funds available.
Land: Purchase a piece of land with no residence on it prior to construction of a primary residence.
Secondary Market options:
- FHA: This loan is insured by the Federal Housing Administration (FHA) and can be beneficial to first time home buyers. It requires a lower down payment (as low as 3.5% of the purchase price).
- VA: No down payment required. This program helps veterans finance a home with favorable loan terms at a typically lower interest rate than on other types of mortgages.
- USDA: This loan is backed by the federal government for low to moderate-income homebuyers wanting to purchase a home in a rural area. Up to 100% financing on the appraised value of a home.
- Conventional: This is not insured or guaranteed by the federal or state government. Minimum of 5% down payment and a fixed rate for up to thirty years.