Mortgage Loans


Buying a new home should be a pleasant experience.

We’d like to help make it that way by taking the worry out of applying for a mortgage.  Before you apply for your mortgage loan, you’ll need to decide which type of loan may be right for you. 

In House Mortgage Loans

An in-house mortgage loan from Perennial Bank is a great option for non-traditional properties, rental homes, borrowers that don’t plan to stay in the home for very long, or borrowers that just prefer to keep their loan with a local bank.  In-house mortgage loans have competitive interest rates and save the borrower considerable money up front, due to our low closing costs.  Since we keep the loan in house, you’ll always be able to talk to someone about your mortgage in person.

  • Purchase
  • Refinance
  • Construction 
  • Home equity 
  • Bare land and lot
  • Rental property
  • Second home or cabin

Secondary Market Loans

We also offer secondary market loans if you’re looking for a long term, fixed rate mortgage.  These loans are a great option for buyers of traditional homes that plan to stay in them for a long period of time.  Conventional secondary market loans generally require a 20% down payment and offer terms from 15-30 years.  For buyers that don’t have funds available for a down payment, we offer Guaranteed Loans through the USDA Rural Development Program.   Visit a mortgage loan officer to find out more about your options.

  • Purchase
  • Refinance
  • USDA Rural Development Program

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