home loans

Since 1871, Wayne Bank has been committed to Helping The Community Grow by financing the homes of our customers.

apply for a home loan

Whether you’re a first time home buyer, looking to build, or in need of refinancing, our bankers will work one-on-one with you to answer your questions, simplify the process, and guide you through every step of this rewarding experience.

Find a mortgage lender in your area:

Mortgage Lenders


For a diverse range of property loans including:

Wayne Bank offers conventional mortgage financing with both fixed and adjustable rates available. We have options that provide financing with as little as 5% down.

Our exceptional construction loan program offers down payments as low as 10%, with no PMI [Private Mortgage Insurance] required, and one closing. We offer construction periods of up to one year and an interest rate lock* at the time of your application. During the construction phase, you’ll make interest-only payments. After the construction period, the loan will automatically convert into repayment and you’ll make payments as you would with a conventional mortgage loan.

*An additional fee will apply.

Ask for details on our jumbo mortgage program with fixed and adjustable rates.

Through our partnership with the Federal Home Loan Bank, Wayne Bank is able to offer a First Time Home Buyer program that provides grant funding.  Eligible applicants may receive $3 for every $1 contributed, up to $5,000.  See https://www.firstfrontdoor.com/ for more information. Contact us for availability and additional details.

FHA [Federal Housing Administration] loans are government-backed mortgages with minimal down payments, which can provide lending solutions for borrowers with lower credit scores and limited savings.
VA [Department of Veterans Affairs] loans provide financing of up to 100% for qualified veterans, members of the armed services, and eligible family members.

Visit our Mortgage Center for more information including rates and to get prequalified:

Mortgage Center


A Home Equity Loan provides the opportunity to borrow against the equity in your home. The advantage of a home equity loan is that by using your home as collateral, you often are able to borrow money at a lower interest rate, saving you money.

A home equity line of credit, or HELOC, works more like a credit card in that it makes a certain amount of credit available to you as you need it, for a limited term. This allows you to borrow as much or as little as you need, within your credit limit. A HELOC also has an adjustable rate that changes with the market, which means that your payments will fluctuate with changes in interest rates and will vary as your balance changes.

Home Equity Loans and Lines of Credit are very often used to finance home remodeling and repairs, but they are not limited to property improvements.

Common applications for Home Equity loans include:

  • Education, College Tuition

  • Medical Bills

  • Debt Consolidation

  • Weddings

  • Travel

  • Major Purchases (car, boat, appliances)

  • Home Repairs and Improvements

  • Emergency Savings

A HELOC makes sense if you need to borrow smaller amounts over a longer period of time, whereas a home equity loan is better if you need a large amount of money all at once.

Mortgage Center

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