We strive to make the mortgage process as simple as possible. We have our own division of lenders dedicated to mortgages. Even better, you don’t have to visit one of our branches to start the process!
Many other mortgage lenders don't give you mortgage rates upfront. We believe we should. You shouldn't have to fill out question after question to see a rate.
Mortgage Products
We have a variety of mortgage options that can be customized just for you.
Conventional
A conventional mortgage loan is a type of home loan that is not insured or guaranteed by the government. These loans typically require a higher credit score and a larger down payment compared to government-backed loans. Conventional loans are popular for their flexibility and potential for lower overall costs.
Federal Housing Authority (FHA)
FHA mortgage loans are home loans insured by the Federal Housing Administration (FHA). These loans are designed to help lower-income and first-time homebuyers who may not qualify for conventional loans. FHA loans typically require a lower down payment and have more lenient credit score requirements. They also allow for higher debt-to-income ratios compared to conventional loans.
United States Department of Agriculture (USDA)
USDA mortgage loans are designed to help low-to-moderate income borrowers purchase homes in eligible rural areas. However, many communities that lie just outside of metropolitan areas may qualify. The USDA loan is a 100% purchase loan.
Veterans Administration (VA)
VA mortgage loans are available to veterans and active-duty service members. These loans offer several benefits, including no down payment, competitive interest rates, and no requirement for private mortgage insurance (PMI).
Jumbo Loans
These loans typically require higher credit scores, larger down payments, and more stringent income and asset verification compared to conforming loans due to the large size of the mortgage. Jumbo loans allow you to borrow more than the conforming loan limits, making it possible to purchase luxury homes or properties in high-cost areas. These loans can be used for second homes or investment properties, providing opportunities to diversify your real estate portfolio.
Grants and Programs
We have numerous mortgage grants and programs we can help you obtain.
Indiana
In Indiana, some of the mortgage grants and programs include down payment assistance for first-time homebuyers, minority down payment assistance, home repair grants, and more. Find more information on the FHLBank website.
Kentucky
Residents in Kentucky can visit the Kentucky Housing Corporation website for more details on down payment assistance, mortgage revenue bonds, and more.
First-Time Homebuyers
Buying a home for first-time homebuyers can be daunting. You might think that it’s confusing, stressful, and a lot of work. It shouldn’t feel that way. We have a dedicated team to make it easy for you. Buying a home should be a rewarding experience. We try to be a small part of that.
When our staff sits down with you, we want to know about you. We will gather information about you that will help us get you the best possible type of loan. You don’t have to know all the complexities of getting a mortgage because our staff has the experience to make it simple for you.
Mortgage Guide
At First Harrison Bank, our goal is to help make the mortgage process as clear and informative as possible. A better understanding of the process can help ensure your loan closes on time. Our Mortgage Guide will walk you through each step so you know what to expect from application to closing.
When you're ready to start, we're ready to meet you.
Get a HELOC for the House You Already Love.
If you have equity in your home and need funds for home repairs, renovations, a vacation, or anything else, you could use a Home Equity Line of Credit (HELOC) to make it happen!