Home Mortgages

Buying your first home—or your third? Either way, Community Bank has plenty of smart options to assist you—with competitive rates and terms and easy payment options. Our mortgage bankers are experts in all kinds of home loans, including refinance options. Let us help you find the right loan for you and your situation.

Fixed-rate loans feature predictable rates and payment schedules for certainty and peace of mind. They are often ideal for long-term mortgages and home investments.

Mortgage refinancing can help you get more out of your home. You can refinance for a variety of reasons, including:

  • Cash out equity
  • Shorten/extend payment terms
  • Borrow at a lower rate
  • Eliminate mortgage insurance

Jumbo mortgages are designed for higher-value properties and are offered in fixed rate options. The loan-to-value ratio can be up to 70%-90%, based on borrowed amount.

Construction loans can help you afford to build a new home or undertake significant remodeling jobs. Ideal for fixer-uppers. Construction loans are payable only to approved contractors.

Bi-weekly loans reduce interest costs by adjusting payments to a biweekly schedule. 

Land loans are available for either “raw land” or a buildable lot. The loan-to-value ratio can be as much as 65%-75%. Fixed-rate loans are also an option. Land loans can be used only for purchasing land.

Doublewide and singlewide (with land) loans are a smart option for many. The loan-to-value ratio should be 80% or less. You can choose payback terms up to 180 months.

1Valid on owner occupied, 1–4-family residential properties. Property and hazard insurance are required and are the responsibility of the borrower. For mortgages with less than 20% down payment, Private Mortgage Insurance (PMI) is required and customer is responsible for PMI premiums. Other applicable fees/charges, including deed stamps or deed transfer taxes, are not mortgage closing costs and will not be paid by the Bank. If a customer elects to obtain owner title insurance, the customer is responsible for the owner title insurance premium. Single-wide mobile homes are not eligible for a no closing cost mortgage. Double-wide mobile homes are eligible for the no closing cost mortgage only if permanently attached to a foundation. Should the no closing cost mortgage be closed or discharged within the first three years, the Bank may collect the third-party closing costs from the customer that were waived when the loan was opened. If a customer selects an attorney to represent him/her, customer is responsible for attorney fees. Community Bank will not pay for a survey, nor any other item that is ordinarily paid for by the seller. ADDITIONAL “NO CLOSING COSTS” PRODUCT DISCLOSURE: “No closing costs” means no: origination fee/points; application fee; flood check fee; credit report fee; appraisal fee; mortgage recording fee; abstract update or title search fee; lender title insurance fees; bank attorney fee; mortgage recording tax.

East Syracuse, NY
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