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Exchange Bank and Trust Company

Types of Loans Offered

Exchange Bank offers a complete line of Home Loan products to fit your needs. Whether you are looking for a Conventional Loan, a VA loan or an FHA loan, we can help! The Exchange Bank Home Team has over 80 years combined mortgage lending experience to better assist you. Come visit our mortgage lenders in Perry and Stillwater to see how we can help you obtain your dream of home ownership!
 

CONVENTIONAL LOANS

  • Traditional option for borrowers
  • 30, 25, 20, 15 and 10 year loan terms
  • Minimum 3% Down Payment
  • Fixed rates
  • Credit scores as low as 620
 

VA LOANS
  • Available for eligible veterans
  • 30 and 15 year loan terms
  • No Down Payment Required
  • Fixed rates
  • Credit scores as low as 600
 

FHA LOANS

  • An affordable option for 1st time homebuyers and homebuyers with less than perfect credit
  • 30 and 15 year loan terms
  • 3.5% down payment
  • Fixed rates
  • Credit scores as low as 600
 

RURAL DEVELOPMENT LOANS

  • Must be within Rural Development eligibility area
  • 30 year loan term
  • No Down Payment Required
  • Fixed rates
  • Income limits
  • Credit scores as low as 640
 

DOWN PAYMENT ASSISTANCE PROGRAMS

  • An option for borrowers that need help with a down payment
  • 30 year loan term for 3.5% of the total loan amount
  • Fixed rates
  • Income limits
  • Credit scores as low as 640
 

CONSTRUCTION LOANS

  • 12 month construction period
  • 80% of the lesser of construction costs or appraised value
  • Interest only payments on the funds disbursed during construction
  • Finance the lot purchase and construction of a manufactured, modular or stick built home.
 

NATIVE AMERICAN SECT. 184 LOANS

  • An option for a member of a federally recognized tribe
  • 30 year loan term
  • 1.25% to 2.25% down payment
  • Fixed rates
  • No loans on tribal land
 

HOMEREADY MORTGAGE

  • An option for homebuyers to save on mortgage insurance costs while having a low down payment
  • 30, 25, 15, & 10 year loan terms 
  • 3% down payment
  • Fixed rates
  • Income limits
  • Homebuyer Education required
  • Credit scores as low as 640
 
To download our complete list of types of Home Loans offered, click here...




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Home Loans


We offer a wide variety of mortgage loans, including Conventional, FHA, Rural Development, and more.