When you dream of purchasing or building a home, Ion Bank has financing options. Consider our programs for buying your first or next house, building a new property, refinancing an existing mortgage, or using equity for tuition renovations, or debt consolidation.
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Fixed Rate Mortgages
Fixed-rate mortgages provide homebuyers with stability, so much that payments only change when taxes or insurance premiums do. Conventional programs are the most common, but if you’re looking to pay the loan off quicker, consider one of Ion Bank’s shorter term mortgages.
If you’re thinking about borrowing a larger-than-average amount, consider applying for a jumbo mortgage, available as a fixed-rate program.
Adjustable Rate Mortgages
Ideal for first-time homebuyers, those looking to sell a home before it’s paid off, or borrowers getting ready for a growing income stream, adjustable-rate mortgages offer the benefit of lower initial interest. Lower monthly principal and interest payments may allow a borrower to qualify for a larger mortgage amount.
Depending upon financial needs, borrowers have the option for fixed initial interest for select years. The rates then start to adjust after this point.
First-Time Homebuyers and Government Sponsored Loan Programs
With our loan programs, Ion Bank takes first-time homebuyers’ needs into account. Find financing options with below-market interest, low down payment options, and refundable appraisal fees at closing.
Government-sponsored programs like CHFA mortgages are also available through Ion Bank. These loans for Connecticut first-time homebuyers offer lower interest and down payments and other special programs.
One Step Construction Mortgages require just one closing step for borrowers wanting to fund new home construction. Rates and term vary with each loan type.
How to Apply
Apply on your own time online, by visiting one of our branch locations, or scheduling an appointment with a mortgage lender. If you fill out and submit an online application, one of our experienced mortgage representatives will contact you after reviewing your application.
If you can’t make it to one of our locations, a mortgage lender can meet with you at your convenience. Set up an appointment by calling Marco Cabral NMLS # 786748 at 203.560.3526 or Donna DiMichele NMLS # 792294 at 203.217.5767.