Balloon Mortgage

Buy now and refinance when your income grows

Balloon mortgages allow first-time homebuyers and advancing professionals to purchase a home at a low interest rate. The balance of the mortgage is due in a lump sum at the end of the term. The homeowners then refinance the home to make the lump sum payment.

Features:

  • Choose from various terms on balloon options
  • Fixed interest rate for term of loan, usually lower than the 15-year rate
  • Balloon payment due at end of term
  • Can be refinanced to a fixed market rate for remainder of term
  • Loan amounts start as little as $30,000

HOME EQUITY
Whether you need money for remodeling, travel, college, debt consolidation or anything else, a home equity loan is a great way to finance your dreams.

ONLINE BANKING
It's now easier than ever to access yourBank SNB accounts, pay bills or transfer money between accounts 24 hours a day, 7 days a week. Try our demo of Online Banking! 



                                                                       Member FDIC Equal Housing Lender     NMLS #418532