Sound Community Bank :: Mortgage Loans

2nd Mortgage

A Sound Community Bank second mortgage fixed rate loan allows you to use your home as collateral. Borrow amounts range from $5,000 to $100,000 and we will lend up to 100% of the appraised value, less the first mortgage balance. Look forward to predictable payments! Because you have a fixed rate, they stay same each month.

Home Equity Line of Credit (HELOC)

This pre-approved line of credit uses your home as collateral, so you pay a low interest rate. The amount you borrow ranges from $5,000-$500,000 and we will lend up to 90% of the appraised value less the first mortgage balance. Ask us today how you can open this convenient low rate product. Best of all, your interest may be tax-deductible. (Consult your tax advisor for details).

The low interest rate, coupled with a tax break, may make it the least expensive borrowing option available. You may be able to consolidate your high interest debt into one lower monthly payment. In addition, you may want to consider borrowing against your equity to fund such goals as home remodeling, a wedding, college tuition, a dream vacation, a new vehicle or a boat!

Manufactured Home Mortgage

Sound Community Bank offers several benefits to you if you decide to purchase a manufactured home. A lower interest rate applies if payments are transferred from Sound Community Bank checking account (available only on fixed rate products). No pre-payment penalties allows pre-payment to reduce interest costs and the interest you pay on your mortgage is tax deductible in many cases.