Mortgages

Check our ALL-TIME LOW rates!

Advantage Bank offers a comprehensive selection of mortgages with flexible terms, competitive rates, and diverse down payment options. Whether this is your first home or your tenth, Advantage Bank can structure the right package to make your home purchase successful and rewarding. We can pre-qualify customers before they begin looking, which will make your search for the perfect home much easier. Contact us today or locate and visit the Advantage Bank office nearest you. We'll make it easy for you.

Mortgages

For your primary residence or a second home.

• 15, 20, 30 and 40 year terms
• Fixed Rate terms to lock in stable, predictable monthly payment, rate and term
• Adjustable Rate Loans - initial fixed rate period, then rate adjusts based on cap structure and index
• 1/4% rate reduction available on 3/1 pr 5/1 ARM loans when payment is automatically deducted from an Advantage Bank account
• Check current rates

*Credit approval required

First-Time Home Buyer Program              

First-Time Home Buyer Program Brochure (PDF) 

The Ohio Housing Finance Agency (OHFA) offers affordable housing opportunities for Ohioans.  OHFA's First-Time Home Buyer Program provides borrowers with the flexibility of choosing a mortgage product that best meets their needs.

• Conventional Loans
• Government Loans
• Low, competitive mortgage rates
• Additional financial assistance 
• Certain qualifications apply
• Call for current rates

*Credit approval required

Construction Loans

For new homes or renovations.

• Monthly interest payments calculated on amount disbursed only
• Convert to personalized payment plan when construction is complete
• Call for current rates

*Credit approval required

Single Close Construction Loans

One loan closing on construction loan that automatically converts to a permanent mortgage when construction is complete.

• Eliminates two separate closings
• Call for current rates

*Credit approval required

Bridge Loans

To help you get through the critical time when you have not sold your current home or need a place to live while you are building your dream home.

• Available for home construction and home purchase
• Call for current rates

*Credit approval required

Blanket Loans

Covers more than one property owned - no need to secure a mortgage for each property.

• Can cover primary and second home, or builders can use for all lots in a subdivision
• Call for current rates

*Credit approval required

Balloon Loans

Offers lower monthly payment options with opportunity to pay off or refinance at 7 year maturity.

• Monthly payments based on 30 year amortization
• Check current rates

*Credit approval required

Jumbo Mortgage

For exceptionally large real estate financing needs.

• Call for current rates

*Credit approval required

Financing Up To 100% Home's Value

• For customers with limited funds for a downpayment
• Call for current rates

*Credit approval required

Discounted and No-Closing-Cost Loans

Financing and fees flexible enough to accommodate various borrowers.

• Call for current rates

*Credit approval required

Additional Loan Options

Advantage Bank also offers the following additional loan options:

• Welcome Home funds and American Dream Home funds through the Federal Home Loan Bank's Affordable Housing Program
• Investment Property Loans
• Home Equity Loans and Lines of Credit

*Credit approval required

Mortgage Calculator