Mortgage Choices and Rates
Featuring low fixed or adjustable rates with down payment options as little as 3%, let LifeStore finance your dream home. We underwrite and service our loans locally, so you can always make your payment here! Even if you're looking for a home elsewhere, let us see what we can do for you! We can lend in VA, NC, TN, SC, GA and FL.
Let us build your dream home with fixed or adjustable rate construction financing options featuring one time closings, flexible draw schedules, local decisions and servicing!
Portfolio Mortgage Loans
Do you have something that's "outside the box"? LifeStore has the flexibility and experience to make loans that make sense!
Down Payment Assistance and USDA/Government Loans
We have access to multiple down payment assistance programs including our own program. USDA loans allow for very low down payment and flexible options for rural properties (most of our service area is included in USDA eligibility). We also provide our veterans with access to VA loans.
To learn more about our low down payment options CLICK HERE!
All loans subject to approval.
* Annual Percentage Rate
Loan Assumptions for Mortgage Rates
Determining rates is a complex process. Because we do not have all of your financial information, the rate and payment results displayed may not reflect your actual situation.
LifeStore Bank offers a wide variety of loan options, and you may still be eligible for a loan even if your situation does not match our assumptions. Rates vary according to market conditions and financial profiles.
These example rates are based on the most current APR for a purchase transaction and:
Fixed purchase: Loan Amount $200,000; Credit Score over 740; Primary Home; Single Family Dwelling; with a 20% down payment.
USDA fixed purchase: Loan Amount $200,000; Credit Score over 740; Primary Home; Single Family Dwelling; no down payment.
The proposed monthly payment and rate does not include estimated tax payments or monthly premium payments for flood insurance, homeowners insurance or mortgage insurance. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. These amounts will be determined at a later date.
The current rate for the 30-year fixed purchase mortgage is based on a $595 commitment fee; .75% origination points and an APR of 3.769%; which would yield 360 equal principal and interest payments of $912.10.
The current rate for the 30 year USDA purchase mortgage is based on a $795 commitment fee; 0% origination points and an APR of 3.901%; which would yield 360 equal principal and interest payments of $893.12.
Loans subject to credit approval.
LifeStore Bank is a member FDIC and an Equal Housing Lender.
NMLS Institution ID# 449206
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