Mortgage Types

Salem Five's loan officers are experienced mortgage professionals who listen to you. They'll help guide you through the maze of mortgage products available to identify what's right for you. And the process? It's fast, it's simple, and it's hassle-free. 

Fixed Rate Mortgage

  • Consistent monthly payments.
  • Choose from varying year terms.

Adjustable Rate Mortgage

  • Leverage your purchasing power.
  • 6-month, 1-, 2-, 3-, 5-, and 7-year adjustable rate mortgages.
  • Options to convert to fixed rate.

Construction and Renovation

  • Construction to Permanent Loans. One-stop permanent loan financing is available with attractive fixed and variable rate options.
  • Home Renovation Loans. With a wide array of programs, we'll meet your every need.
  • Modular Home Loans. We offer a specialized loan program for the construction of modular homes.

Jumbo Mortgage

  • Competitive rates on jumbo mortgages.
  • Maximize your cash flow with interest-only payment options and extended amortizations.

Reverse Mortgages

  • Access a portion of your Accumulated Home Equity
  • Eliminate existing mortgages and debts with no change to Title and no monthly repayment required beyond taxes and required insurance
  • Create additional monthly cash-flow (tax-free)

VA Mortgage

  • Financing for qualified veterans, reservists, active duty personnel, or eligible family members
  • Low down payment options available

Specialty Lending

  • Leverage your purchasing power.
  • Choose from varying year terms.
  • Options to convert to a fixed rate.
  • Customized programs for multi-family homes.
  • Flexible mortgages for condos, second homes, and three-season properties.
     

Getting Started

  1. Get pre-qualified
  2. Get a custom mortgage rate quote from a Salem Five Loan Officer
  3. Calculate how much you qualify for or if you should refinance.

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