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Mortgage Loans

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.

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Meet our team of local lending experts!

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Visit our mortgage center to research options, rates, and apply online!

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Explore options to save money on a first home!

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Research competitive rates for any type of home loan

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A variety of calculators to assist with home ownership

Different type of Mortgages

For a diverse range of needs:

Conventional Mortgage

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.

Construction Loans

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.

Jumbo Mortgage Loan

A loan is considered jumbo if the amount of the mortgage exceeds loan-servicing limits set by Fannie Mae and Freddie Mac—currently $726,200 for a single-family home in all states (except Hawaii and Alaska and a few federally designated high-cost markets, where the limit is $1,089,300). Wayne Bank offers Jumbo Mortgage loans with both fixed and adjustable rates.

First Time Home Buyer

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.  Click here for more information. Contact us for availability and additional details.

Federal Housing Administration (FHA) Loans

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.

Department of Veterans Affairs (VA) Loans

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:

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