Local Mortgages

At Merchants Bank, we make mortgages simple. If you are buying a home or looking to refinance, our experienced lenders provide helpful, personal service.

  • Fixed-rate Mortgages
  • Adjustable-rate Mortgages (ARM) 
  • 1-Year ARM 

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Home Equity Lines & Loans

Getting the money you need – whether it's for home improvements, college tuition or emergencies – is quick and convenient with our Home Equity Loans and Lines of Credit.

  • Fixed- and variable-rate options 
  • A streamlined application process
  • Possible tax-deductible interest
  • Primary mortgage can be with another bank

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Adjustable Rate Mortgages

Our Adjustable Rate Mortgage (ARM) offers immediate savings with lower monthly mortgage payments. Typically, an ARM can work best if you:

  • Desire a lower monthly mortgage payment in the short-term
  • Realize you may be moving from your current home in the next 5 to 7 years
  • Plan to refinance your mortgage within the next few years

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Bi-Weekly Mortgages

With our Bi-Weekly mortgage, you make one-half of your monthly mortgage payment every two weeks for a total of 26 bi-weekly payments each year.

  • Reduce your principal balance more quickly
  • Automatic bi-weekly payments
  • A variety of rate and term options available

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You-Win Rate Lock

Lock in the current interest rate for 45 days, free of charge - at any time from when your first submit your application to when your closing date is set. 

  • If your rate is locked, and rates are higher when your closing rate is set, we will honor your lower locked-in rate.
  • If rates are lower when your closing rate is set, you will receive the lower rate.
  • If your rate is not lcoked, you will recieve the rate in affect at the time. 

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