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Grand Bank offers a variety of loan programs to meet your needs. We work with the leading lenders in the industry to provide: • 100% purchase • Conventional loan • In-House loans including: Lot loans up to 90% Investment property programs up to 80% Acreage loans up to 80% Light Commercial • Hassle-Free Construction/Permanent • VA / FHA • Home equity • USDA Guaranteed Rural Housing Conventional loan The 15 or 30-year fixed rate loan is the most common type of mortgage loan. The interest rate nor the payment amount change during the life of the loan. Custom loan programs Grand Bank has a variety of in-house loan products that are perfectly designed to fit a large spectrum of customer needs. • Lot loans up to 90% • Acreage loans up to 80% • Investment Property loans up to 80% • Light Commercial VA This loan is for qualified veterans to buy a house with no down payment. FHA FHA loans allow you to purchase a home with a low down payment and the monthly mortgage insurance premium is lower in comparison to conventional mortgages. Hassle Free Construction/Permanent financing In order to build a home, two loans must be in order. First, is permanent financing through Fannie Mae or Grand Bank in-house programs. Second, a temporary construction loan which will hold funds in a “loan in process” account and disburse accordingly as the home is completed. Construction loans are closed locally and expeditiously and no interest is charged until funds are drawn. USDA Guaranteed Rural Housing Program This loan allows financing up to 102% of the home’s appraised value. Plus, it does not require a down payment or monthly mortgage insurance premium. The loan term is for 30 years with a fixed interest rate. -------------------------------------------------------------------------------------- Important Information About Procedures For Opening A New Account** To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.



Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $417,000 for the contiguous states, District of Columbia, and Puerto Rico or below $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $417,000 with closing costs of $8,340. Jumbo Loans (whose maximum loan amount exceed $417,000 for the contiguous states, District of Columbia, and Puerto Rico or exceed $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $1,000,000 with closing costs of $20,000. Your actual APR may be different depending upon these factors.