Mortgage loans

The LaCasa affordable housing fund includes 3 types of loans for 3 different situations.

1. A fixed rate, fully amortizing second mortgage paired with a fixed rate first mortgage. This saves our client the mortgage insurance premium. The home buyer is able to build equity faster and have lower out-of-pocket costs monthly!
   
   This new option is available at our partner banks: Farm Bureau Credit Union, First Federal Savings Bank, 1st Source Bank, First State Bank of Middlebury, Goshen Community Bank, Lake City Bank, MFB Financial, and National City Bank.
   
   
2. We also are able to offer first mortgages to non-bankable individuals and families that reside in Elkhart County and qualify under this program.
   
   
3. The third choice available is the Home Improvement Loan available to residents of Elkhart County alone and provides for a good fixed rate second mortgage in lieu of the Home Equity Lines of Credit that adjust with prime. All three loan products require a fixed rate amortization.

Call LaCasa to see if YOU qualify!

For information on the steps to Home Ownership call the office.