Products
ESB Mortgage Company offers a variety of loan programs to meet your needs. We work with the leading lenders in the industry to provide:

30 Year Fixed Rate Mortgage
Term: 30 years
Maximum Amount: $417,000

20 Year Fixed Rate Mortgage
Term: 20 years
Maximum Amount: $417,000

15 Year Fixed Rate Mortgage
Term: 15 years
Maximum Amount: $417,000

10 Year Fixed Rate Mortgage
Term: 10 years
Maximum Amount: $417,000
 
Home Equity Loans 

 A Home Equity loan allows you to borrow against the equity that you presently have in your home to provide funds that can be used to make improvements, start a business, pay college expenses, medical expenses, or other needs that you may have.  The loan is limited to an amount not to exceed 80% of the current appraisal value of your home.


Reverse Mortgages

A reverse mortgage is a loan for seniors that allows you to use a portion of the home's equity as collateral to provide money for living expenses, repairs, unexpected expenses, or other needs. The loan generally does not have to be repaid until the last surviving homeowner permanently moves out of the property or passes away. At that time, the estate has approximately 6 months to repay the balance of the reverse mortgage or sell the home to pay off the balance. All remaining equity is inherited by the estate. The estate is not personally liable if the home sells for less than the balance of the reverse mortgage.


One Time Close Construction/Mortgage Loan

A one time close construction loan provides funds for building your new home with a term of up to 12 months on an interest only basis while construction is taking place. After construction is completed the loan can be modified to a fixed rate conventional loan with terms of your choosing from 10 years to 30 years.

Term: 12 months   Maximum Amount: $453,100
 
Home Improvement Mortgage 

 ESB Mortgage has the ability to provide financing for you and your contractor to make improvements or additions to your home.  This is a loan that pays off your present mortgage and also provides the additional money needed for your improvements. 

Term: 30 years   Maximum Amount: $453,100


3/1, 5/1, 7/1 ARM Loan 


Hybrid ARM (3/1 ARM, 5/1 ARM, 7/1 ARM)
These increasingly popular ARMS—also called 3/1, 5/1 or 7/1—can offer the best of both worlds: lower interest rates (like ARMs) and a fixed payment for a longer period of time than most adjustable rate loans. For example, a "5/1 loan" has a fixed monthly payment and interest for the first five years and then turns into a traditional adjustable-rate loan, based on then-current rates for the remaining 25 years. It's a good choice for people who expect to move (or refinance) before or shortly after the adjustment occurs.

Term: 30 years   Maximum Amount: $453,100

 
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.

 

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