Specialty Mortgages and Investment Property Loans

  • Custom solutions for your personal or investment needs on single-family residential properties (1-4 units)
  • 1031 Exchanges
  • Portfolios to single properties

Access to State Sponsored Financial Assistance

  • Help in exploring incentives, or other down payment and home buying assistance programs

Federal Housing Administration (FHA) Loans

  • Lower down payments and typically easier credit qualification
  • Fixed-rate and adjustable-rate options

Interest-Only Mortages

  • Pay only interest on the loan amount for a fixed period of time, then convert to principal and interest
  • Ideal to keep payment low if you only plan to stay in the home for a short period of time

Veterans Affairs (VA) Loans

  • For current or former members of the U.S. Armed services and surviving spouses
  • Lower down payments and typically easier credit qualification

HomeReady Mortgages

  • For home buyers who can't afford to make a large down payment
  • Expanded eligibility for financing homes in low-income communities

Jumbo Home Loans

  • Larger loan amounts for high-priced housing markets
  • Competitive interest rates

 

Reverse Mortgages

  • For senior homeowners with equity in their homes
  • No monthly mortgage payments

Adjustable-Rate Mortgages (ARM)

  • Lower interest rates in the early years of your loan
  • Interest rates and payments may increase over the life of your loan

Out-of-State Mortgages

  • For homes and land outside of the Bank's territory
  • Financing and guidance to address special requirements

Fixed-Rate Mortgages

  • A fixed interest rate for the life of your loan
  • Predictable monthly payments

Why get a mortgage with Mechanics Bank?

Your home is the centerpiece for the most important relationships in your life, so why not work with the bank that has made personal and lasting relationships a priority for more than 110 years. In addition to our in-house fulfillment through dedicated mortgage professionals, we have a strategic alliance with Stearns Lending, LLC. Our alliance allows you to benefit from competitive pricing, a wide array of loan programs, streamlined decisions and access to the latest and most efficient loan processing technology.