Home Sweet Loan
Bellwether’s competitive mortgage loan programs have been helping our members turn houses into homes for over 100 years. Let us help bring you home too! Whether you’re a seasoned homeowner or a first-timer, our experienced, caring, local mortgage consultants will help walk you through the steps of the home buying process until you are standing outside your new home.
Check out our handy Homebuyer's Guide for valuable information when buying and financing your new home.
Benefits of a Bellwether Mortgage Loan
- Extended menu of mortgage loan programs to fit a wide variety of mortgage needs, including VA, FHA, and USDA loans
- Competitive Interest rates on Adjustable Rate Mortgages and Fixed Rate Mortgages
First-time buyer? Our Easy Start Mortgage First Time Homebuyers Program offers as little as 3% down payment and no private mortgage insurance
- Lower closing costs than many lenders
- Lower private mortgage insurance rates than some other lenders
- Portfolio loan programs
- Local lenders who understand the local market and make local underwriting decisions
First Time Homebuyer
Your first home is out there, and the perfect mortgage loan is right here! Many people avoid getting pre-approved to buy their first home due to their fear of the expense, of how much they qualify for, or often just fear of the unknown! We know buying a home can be a scary thing; that's why our team is here to help make your dream home a reality.
Fixed Rate Mortgages
These loans are popular because the interest rate will not change over the term of the loan. Fixed Rate Mortgages are used in various situations like new home purchases, refinancing to reduce your interest rate, or refinancing to pay off your home more quickly by reducing the term of the loan.
Adjustable Rate Mortgages
Adjustable Rate Mortgages (ARM) are home loans that are not fixed for the entire term. In general, ARM interest rates for the initial loan period are usually lower than Fixed Rate Mortgages. These loans involve more risk than Fixed Rate Mortgages, but can also save you money.
Home Construction Loan
Use Bellwether's Mortgage Calculator to calculate what your monthly payment might be. Choose your loan length and home loan amount to start, and discover your potential mortgage options today.
Get Up to $750 Off Your Closing Costs
- Apply for and close on your first mortgage with Bellwether
- Open a Bellwether MyMoney Checking Account or Live Free Checking Account. If you currently have a checking account with us, that counts!
- Add Direct Deposit to your checking account. We’ve made switching over easier than ever with ClickSWITCH
*To qualify for the maximum $750 closing cost credit, before closing documents are prepared, you must (1) have or open the Bellwether MyMoney or Live Free checking account and (2) finish your direct deposit set up through ClickSWITCH. Direct deposit of a minimum of $1,000 monthly is required. Offer valid for applications dated until 12/31/2023 (“promotional period”) but may be discontinued at any time. Offer is valid for new purchases only and not valid on refinances. Excludes No Closing Cost loan products. Mortgage approval is based on credit qualifications. Cannot be combined with any other mortgage discount or offer. Terms and conditions apply.
How are interest rates determined?
Interest rates are influenced by the financial markets and can change daily – or multiple times within the same day. The changes are based on many different economic indicators in the financial markets.
How much do I need for a down payment?
There are many different programs available to you. Our conventional mortgage loan programs require a minimum of 5% down with closing costs and pre-paid items. We also offer programs for eligible applications to pay only 3% down. Schedule an appointment with us for more information.
What are closing costs, and how much will they be?
Closing costs will vary by state, property type, and credit. Included in the cost are taxes and government fees, legal services, fees to the lender for processing, and other fees. The borrower must also pay for certain pre-paid items such as daily interest and homeowner’s insurance.
What is the difference between pre-qualification and pre-approval?
Mortgage loan borrowers apply for pre-qualification while they are searching for a home. Pre-qualification allows you and sellers to estimate how much you can afford.