Second Home Mortgage

Whether it’s a house near the lake, a countryside retreat or a get-away in the mountains, Bank SNB offers mortgage financing options for vacation and/or second homes. With terms of 10, 15, 20 or even 30 years available, we can find an option that’s affordable for you. Our processing and underwriting are handled at Bank SNB for quick decisions, helping you get from application to enjoyment of your new property as soon as possible.

Explore our helpful resources to answer many of your mortgage questions, or talk with one of our loan officers to determine the mortgage that’s right for you.

The interest rates, annual percentage rates and points shown below are subject to change without notice.

Conventional Financing

A fixed rate mortgage provides you with the security of a monthly payment that doesn't change. Fixed rate loans are one of the most popular loan options today. By choosing a 30 year fixed rate loan, you will have the lowest monthly payment of all the fixed rate loans we offer.

30 Year Fixed Rate

Projected Payment Schedule

The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $150,000 and an estimated property value of $200,000. The property is located in OK and is within Oklahoma county. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account is required. The rate lock period is 30 days and the assumed credit score is 740.

At a 3.875% interest rate, the APR for this loan type is 3.910%. The payment schedule would be:

  • 359 payments of $705.36 at an interest rate of 3.875%
  • 1 payment of $703.88 at an interest rate of 3.875%

If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.

Rate APR Pts
3.875% 3.91% 0%
A fixed rate mortgage provides you with the security of a monthly payment that doesn't change. Fixed rate loans are one of the most popular loan options today. Choose a 15 year fixed rate loan if you're comfortable with a higher payment and you will have the benefit of substantial interest savings.

15 Year Fixed Rate

Projected Payment Schedule

The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $150,000 and an estimated property value of $200,000. The property is located in OK and is within Oklahoma county. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account is required. The rate lock period is 30 days and the assumed credit score is 740.

At a 3.000% interest rate, the APR for this loan type is 3.061%. The payment schedule would be:

  • 179 payments of $1,035.87 at an interest rate of 3.000%
  • 1 payment of $1,036.28 at an interest rate of 3.000%

If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.

Rate APR Pts
3% 3.061% 0%
An adjustable rate mortgage has a monthly payment that may change over the term of the loan. With our 5 Year Adjustable Rate Mortgage, your payment won't change for the first five years of the loan and then can change each year based on market conditions, subject to the specific terms of the loan.

  • Loan Term 360 Months The period of time for the loan to be repaid.
  • Interest Only Term N/A During this term, the payment covers only the cost of your interest. After this period, the payment will increase.
  • Initial Fixed Period 60 Months The initial rate will be fixed for this period. After this period, the interest rate will be adjusted at the frequency noted below (Subsequent Adjustment Period).
  • Subsequent Adjustment Period 12 Months After the initial fixed period, the interest rate will be adjusted each time this number of months has passed.
  • Initial Adjustment Cap 5.0000% The maximum amount the rate may increase or decrease after the Initial Fixed Period.
  • Periodic Adjustment Cap 2.0000% The maximum amount the rate may increase or decrease after each Subsequent Adjustment Period.
  • Maximum Interest Rate Initial Rate + 5.0000% The maximum interest rate you may be required to pay.
  • Index One Year LIBOR (London Interbank Offered Rate) A published interest rate used to establish the interest rate offered on an Adjustable Rate Mortgage (ARM). Some of the most common indices are Treasury Bills, Treasury Securities, London Interbank Offering Rates (LIBOR) and the Cost of Funds Index (COFI).
  • Current Index Value 0.5640% The current value of the Index - this value is subject to change without notice.
  • Margin 2.2500% The amount that is added to the Index to determine the rate at each adjustment (subject to any adjustment caps or floors).

5 Year Adjustable Rate

Projected Payment Schedule

The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $150,000 and an estimated property value of $200,000. The property is located in OK and is within Oklahoma county. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account is required. The rate lock period is 30 days and the assumed credit score is 740.

At a 3.125% initial interest rate, the APR for this loan type is 2.994%, subject to increase. Based on current market conditions, the payment schedule would be:

  • 60 payments of $642.56 at an interest rate of 3.125%
  • 299 payments of $625.18 at an interest rate of 2.875%
  • 1 payment of $626.48 at an interest rate of 2.875%

If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.

Rate APR Pts
3.125% 2.994% 0%

FHA Financing

FHA mortgages are designed to provide low down payment financing and are a great option to consider if you are trying to finance a new home with as little cash as possible. A fixed rate mortgage provides the security of a monthly payment that won't change.

FHA 30 Year Fixed Rate

Projected Payment Schedule

The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $98,188 and an estimated property value of $100,000. The property is located in OK and is within Oklahoma county. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account is required. The rate lock period is 30 days and the assumed credit score is 740.

At a 3.875% interest rate, the APR for this loan type is 4.923%. The payment schedule would be:

  • 12 payments of $529.51 at an interest rate of 3.875%
  • 12 payments of $528.26 at an interest rate of 3.875%
  • 12 payments of $526.96 at an interest rate of 3.875%
  • 12 payments of $525.61 at an interest rate of 3.875%
  • 12 payments of $524.20 at an interest rate of 3.875%
  • 12 payments of $522.74 at an interest rate of 3.875%
  • 12 payments of $521.22 at an interest rate of 3.875%
  • 12 payments of $519.64 at an interest rate of 3.875%
  • 12 payments of $518.00 at an interest rate of 3.875%
  • 12 payments of $516.29 at an interest rate of 3.875%
  • 12 payments of $514.52 at an interest rate of 3.875%
  • 12 payments of $512.67 at an interest rate of 3.875%
  • 12 payments of $510.76 at an interest rate of 3.875%
  • 12 payments of $508.77 at an interest rate of 3.875%
  • 12 payments of $506.70 at an interest rate of 3.875%
  • 12 payments of $504.54 at an interest rate of 3.875%
  • 12 payments of $502.31 at an interest rate of 3.875%
  • 12 payments of $499.98 at an interest rate of 3.875%
  • 12 payments of $497.56 at an interest rate of 3.875%
  • 12 payments of $495.05 at an interest rate of 3.875%
  • 12 payments of $492.44 at an interest rate of 3.875%
  • 12 payments of $489.72 at an interest rate of 3.875%
  • 12 payments of $486.90 at an interest rate of 3.875%
  • 12 payments of $483.97 at an interest rate of 3.875%
  • 12 payments of $480.92 at an interest rate of 3.875%
  • 12 payments of $477.75 at an interest rate of 3.875%
  • 12 payments of $474.46 at an interest rate of 3.875%
  • 12 payments of $471.04 at an interest rate of 3.875%
  • 12 payments of $467.48 at an interest rate of 3.875%
  • 11 payments of $463.78 at an interest rate of 3.875%
  • 1 payment of $462.44 at an interest rate of 3.875%

The monthly payment amounts quoted include the mortgage insurance premium.

Mortgage insurance is required for most FHA loans. The monthly mortgage insurance premium is calculated based on the average annual outstanding balance, so it will vary from year to year.

$461.72
$67.79
$529.51

The actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.

Rate APR Pts
3.875% 4.923% 0%

Jumbo Financing

A fixed rate mortgage provides you with the security of a monthly payment that doesn't change. Fixed rate loans are one of the most popular loan options today. By choosing a 30 year fixed rate loan, you will have the lowest monthly payment of all the fixed rate loans we offer.

Jumbo 30 Year Fixed Rate

Projected Payment Schedule

The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $500,000 and an estimated property value of $700,000. The property is located in OK and is within Oklahoma county. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account is required. The rate lock period is 30 days and the assumed credit score is 740.

At a 4.125% interest rate, the APR for this loan type is 4.136%. The payment schedule would be:

  • 359 payments of $2,423.25 at an interest rate of 4.125%
  • 1 payment of $2,422.73 at an interest rate of 4.125%

If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.

Rate APR Pts
4.125% 4.136% 0%
A fixed rate mortgage provides you with the security of a monthly payment that doesn't change. Fixed rate loans are one of the most popular loan options today. Choose a 15 year fixed rate loan if you're comfortable with a higher payment and you will have the benefit of substantial interest savings.

Jumbo 15 Year Fixed Rate

Projected Payment Schedule

The information provided assumes the purpose of the loan is to purchase a property, with a loan amount of $500,000 and an estimated property value of $700,000. The property is located in OK and is within Oklahoma county. The property is an existing single family home and will be used as a primary residence. An escrow (impound) account is required. The rate lock period is 30 days and the assumed credit score is 740.

At a 3.375% interest rate, the APR for this loan type is 3.393%. The payment schedule would be:

  • 179 payments of $3,543.80 at an interest rate of 3.375%
  • 1 payment of $3,543.63 at an interest rate of 3.375%

If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner's insurance premiums.

Rate APR Pts
3.375% 3.393% 0%
Senior Vice President, Mortgage Loan Officer
NMLS #
663412
Oklahoma City Area
405.427.4000
Vice President, Mortgage Loan Officer
NMLS #
210604
Tulsa Area
918.523.3600
Vice President, Mortgage Loan Officer
NMLS #
1019199
Stillwater Area
405.372.2234
Senior Vice President, Mortgage Loan Officer
NMLS #
663424
Stillwater Area
405.372.2234
Senior Vice President, Mortgage Loan Officer
NMLS #
663412
Dallas and Fort Worth Areas
888.762.4762
Vice President, Mortgage Loan Officer
NMLS #
1019199
Austin and San Antonio Areas
888.762.4762
Vice President, Mortgage Loan Officer
NMLS #
641933
Wichita and Hutchinson Areas
316.315.1600