LOANS
Whether you are buying, building or refinancing a home, selecting the Institution for Savings is the right choice for financing. For nearly two centuries, we've been making mortgage loans in the local communities. Our focus has been, is, and always will be finding the right loan for you, while taking into consideration your circumstances today and into the future. And when you borrow from us, you deal directly with us. From application to pay off, we service your loan. That's how we've done it in the past, and that's how we'll do it today and tomorrow.
Fixed Rate Mortgages
Planning on staying in your home for more than five years? Then consider a fixed rate mortgage loan. With terms of 10 to 30 years, your monthly loan payment will never change and any extra principal payments you make will reduce the life of your loan, potentially saving you thousands of dollars in interest.
Adjustable Rate Mortgages (ARM)
Borrowers looking for the lowest initial interest rate or anticipating a major financial event in the next five to seven years should consider an ARM. After an initial "fixed" rate period of one to seven years, ARM interest rates and payments adjust on an annual basis thereafter. This loan offers the best opportunity to take advantage of falling interest rates, and protects you from rising rates during the loan's initial phase.
Home Equity Loans & Lines of Credit
Looking for a great interest rate and a convenient way to finance home improvements, college tuition, a major purchase or to consolidate debt? Then consider a Home Equity Loan or Home Equity Line of Credit. We offer both fixed and variable rate plans, with terms of up to 20 years. In most cases, we pay the closing costs and as an added benefit, the interest you pay may be tax deductible.*
