Our free Mortgage pre-qualification allows you to find out upfront how much of a mortgage you will qualify for. Save time and money by looking for homes in your price range. We will provide you with a pre-qualification letter so you can shop for your new home with confidence.
At Merchants Bank, you have the option to lock in the current interest rate for 60 days, free of charge - at any time from when you first submit your application to when your closing interest rate is set. You can lock in the rate during the online application process or by contacting your loan officer.
Whether or not you lock in your rate, the closing interest rate will be set 10 days before your scheduled loan closing date.
After the loan closing date is scheduled and your closing interest rate is set, you will be charged a $250.00 re-documentation fee in the event that we have to recreate documents for changes you make that affect your loan closing date and or documentation, plus any additional fees incurred for updating the title work.
Our local mortgage team is happy to help you find the right home loan for your needs. We’ll help you compare options, including overall costs, monthly payments, terms, and conditions. If you prefer, you can apply online.
View loan rates.
*Mortgage is subject to credit approval.