Home Federal Bank Home Loans
Home Loans - A Better Way.
You've found the perfect place to call home. Now, you just need to find the best way to make it yours. That's where Home Federal Bank comes in. In addition to offering home loans, we also offer home construction loans and home equity lines of credit. We know buying a home is the largest purchase any of us will make, and having the most knowledgeable and experienced mortgage professionals in your corner makes all the difference in the world. Home Federal Bank's team of mortgage professionals are dedicated to providing you with the right service and information every step of the way.
Refinance - Now's the time!
Interest rates are at an all-time historic low. We are here to help you make an informed decision about refinancing your home. Whether you're looking at refinancing your mortgage to lower your monthly payment or switch to a fixed rate, we have the refinance information you need. We'll help you understand the mortgage refinancing process and provide all the information to consider in your decision.
Contact us today to receive more info!
Home Equity Line of Credit
Life is filled with opportunities and challenges, from home improvements to dream vacations to college tuition! Make the best of them with Home Federal Bank's Home Equity Line of Credit.
A Home Equity Line of Credit loan from Home Federal Bank in Shreveport and Bossier City gives you a revolving credit line, similar to that of a credit card. Using your home as collateral, you can write yourself a vacation loan, home remodeling loan or a loan for whatever your special needs may be.
With great rates and interest that may be tax deductible, using a Home Equity Line of Credit is a better way to afford everything. You can borrow as little as $10,000 or as much as 89% of your home's lendable equity.†
Other benefits include:
- Rates as low as 4.25% APR*
- No closing costs to the borrower on loans less than $50,000*
- The interest you pay may be tax deductible
- 5-year program in which payments are interest only on a monthly basis
You can access the funds at your own convenience through:
- Mobile Banking
- Online Transfer
- In-bank transaction
today to apply!
*APR - Annual Percentage Rate will vary daily based on the Prime Rate published daily in the Money Rates section of the Wall Street Journal (WSJ). Rate will not change during the first 30 days. After 30 days, the APR will vary daily based on the published WSJ Prime Rate (as of 10-24-12, prime rate was
3.25%) and is subject to change. NOT E: Your APR will never be lower than the Home Equity Line of Credit (HELOC) floor rate of 4.25%. Your APR will never be higher than 21.00% or the maximum rate allowed by applicable law. Your APR may be higher than the advertised rate based on the lendable equity value of your 1-4 family, owner-occupied dwelling, your credit history, and other factors. This offer is valid for new HELOCs and does not apply to existing HFB HELOCs nor to any HELOC closed in conjunction with a first mortgage product. For this offer, the minimum line amount is $10,000 and a maximum line amount is $50,000. Property insurance is required and flood insurance required where necessary. HELOC is a revolving line of credit with a five (5) year term during which time you are allowed to make multiple advances of amounts equal to or less than your HELOC credit limit. Over-limit fees and stop-payment fees do apply. In addition, interest only payments will be due on the 15th of each month of the term, except for a final balloon payment, equal to principal, accrued interest, and any unpaid fees, due on the maturity date. Your total indebtedness (HELOC amount plus any other outstanding mortgage loans) cannot exceed 89.99% of the fair market value of your home. There are no closing costs or fees required to open a HELOC of $50,000.00 or less. All HELOCs are subject to a $50.00 Annual Fee, except during the first contract year. If a HELOC is closed within 3 years of the contract date, you will be charged a $300 early closure fee to reimburse us the costs we incurred to establish the line. Other potential fees include a $30.00, Returned Item Fee, $30.00, Stop Payment Fee, $50.00 Over Limit Fee, and $15.00 Late Payment Fee. Other conditions and restrictions may apply. Consult your tax advisor regarding the deductibility of interest. Offer is subject to credit approval. Offer subject to change at Home Federal Bank's discretion.
†Lendable Equity: The amount represented by the current, appraised value of your home minus any existing debt secured by your home.
David Barber, SVP
Steve Fair, MLO
Rocky Maddox, MLO
Damon Cutty, MLO
Trace Colle, MLO