• Contoso Bank offers a wide range of mortgage lending solutions to help meet your specific need. Whether you're thinking about buying your first home or that vacation home you've always wanted, we offer mortgage solutions for needs big and small—and everything in between. Contact a Contoso Mortgage Loan Originator for current mortgage rates. Our mortgage loan originators will work with you to identify the right loan for you. Learn more about the benefits of the mortgage solutions we offer and things to consider when choosing a mortgage.

Traditional Mortgages

Fixed Rate Mortgage

  • This loan features predictable and steady monthly payments with flexible loan terms. A Fixed Rate Mortgage may be ideal for those with long-term homeownership plans desiring a consistent monthly payment.

Key Considerations:

  • You're planning to be in your home for awhile.
  • You're looking for a mortgage that has a monthly payment you can rely on.

Key Benefits:

  • Your principal and interest payment will not change over the life of the loan.
  • Flexible terms, based on your needs.

Adjustable Rate Mortgage

  • An Adjustable Rate Mortgage offers flexibility and initial lower payments and interest rates. This loan is for those with short-term home ownership plans.

Key Considerations:

  • You’re planning to be in your home for the short term.
  • You expect interest rates to remain stable or decline.
  • You want a lower initial monthly payment and don’t mind a variable interest rate.

Key Benefits:

  • Often a lower initial interest rate and payment.
  • Flexible terms, based on your needs.

Specialized Mortgages

VA Loan

  • A VA Loan is for veterans or current U.S. Military members looking to buy a home, refinance a non-VA loan to a VA loan, or desiring a cash-out refinance option.

Key Considerations:

  • You’re a U.S. Military Veteran.
  • You're currently serving in the military or military reserves/guard.
  • You may be eligible if you are a commissioned officer of the Public Health Service or the National Oceanic and Atmospheric Administration.

Key Benefits:

  • Little to no down payment.
  • Fixed interest rat.
  • Flexible loan terms.
  • Purchase and refinance options.

Have questions? Contact Us!

Construction Loan

  • For those looking to build a new home.

Key Benefits:

  • Available for the construction of your primary residence.
  • Fixed rate and ARM loans available.
  • Conforming and Jumbo Loan amounts available.

Jumbo Loan

  • A Jumbo Loan is for those looking to buy or refinance a home in a higher price range.

Key Considerations:

  • You want to borrow more than $484,350.
  • You would like to take advantage of today's great rates.

Key Benefits:

  • Financing on loans up to $3 million.
  • Fixed rate and ARM loans available.

Refinance your Mortgage

  • Consider all your options when refinancing your home. From lowering your monthly mortgage payment to consolidating debt, a mortgage refinance can help you reach your financial goals.

Step 1: Decide

  • First, you’ll need to decide if refinancing makes sense for you in the short-term and long-term. Remember, refinancing doesn’t eliminate your debt, but it can lower your monthly payments, give you cash from your home’s equity, reduce the term of your loan, or change the type of mortgage you have.

Step 2: Know the Terms

  • How much you pay on your refinance is determined by several factors. Getting to know these terms will help you understand the process.

Step 3: Choose a Lender

  • Now that you’ve decided refinancing is right for you, it’s time to choose a lender. Do your homework and consider not only the fees, but their level of service and your potential long-term relationship.

Have questions? Contact Us!