We know our way around the block when it comes to home loans.
Are you ready to finance the home of your dreams? Whether you’ve found your first home or are looking at floor plans for your third perfect place, we can help you find the loan that makes you feel right at home.
The Right Loan for You
Not all mortgages are created equal. Valley Bank offers a variety of loans to help you achieve your home ownership goals. From a conventional fixed or adjustable rate mortgage, refinancing, or a construction loan to finance your dream from the ground up, we have you covered.
Get Started
Applying for a home loan is simple. Our team of loan officers will guide you through the application process personally and answer any questions you may have along the way. We can help you find the loan to meet your needs today and into the future.
Call or visit a lender today to learn how we can help with a conventional mortgage or construction loan, refinancing, or guide you through options available for affordable housing loans and down payment assistance.
To apply online, please call (406) 495-2400 or email one of our lenders today.
Homeownership Made More Affordable
Make homeownership more affordable using the HomeStretch assistance program brought to you by NeighborWorks Montana that can reduce your home's purchase price and reduce your upfront costs, helping you buy a home sooner. Contact one of our Real Estate Lenders to get started today!
Let Us Bring You Home
When you're ready to take the next step, our local mortgage experts are ready to help. We have options for first-time homebuyers, new construction financing, conventional and government loans, personalized mortgage solutions, and more. At Valley Bank, we believe financing should feel as comfortable as finding the right home.
CONVENTIONAL MORTGAGES
A conventional mortgage is a loan that is not guaranteed or insured by any government agency. Conventional mortgages can be conforming or non-conforming. Conforming mortgages follow Fannie Mae, Freddie Mac and Government-Sponsored Enterprise (GSE) guidelines. A typical conventional mortgage offers a longer repayment term, fixed rate options, and down-payment requirements as little as 3%. They’re available for financing one to four primary residences, second homes and investment properties.
FEDERAL HOUSING AUTHORITY (FHA) LOANS
Federal Housing Authority (FHA) loans are federally-backed and provided by an FHA-approved lender. FHA loans typically have lower minimum down-payment requirements than conventional loans and are more flexible with regard to credit score requirements. FHA loan recipients are required to carry mortgage insurance and need to live in the residence for the first year. These loans typically have lower rates than conventional loans.
RURAL DEVELOPMENT (RD) LOANS
Rural Development (RD) loans are designed to serve buyers in identified rural areas. These mortgages are guaranteed by the US Department of Agriculture (USDA), which sets lending guidelines. These loans are provided by approved lenders, and offer 100% financing, low rates, and affordable payments. RD loans have income limits based on family size.
VA LOANS
Since 1944, active-duty service members, veterans, reservists and surviving, unmarried spouses, have attained affordable home ownership through the VA loan program. These loans are backed by the US Department of Veterans Affairs (VA), and provided by approved lenders. They allow qualifying buyers to secure 100% financing at lower rates and fees than with conventional mortgages.
MONTANA BOARD OF HOUSING (MBOH) LOANS
Montana Board of Housing (MBOH) works with partners across the state to ensure Montana’s hard-working families and communities have safe and affordable homes. MBOH accomplishes this by issuing tax-exempt bonds, administering federal housing programs, offering down payment assistance and working with cities, counties, non-profits, lenders, employers and others who are willing to step in and help make home ownership happen.
JUMBO MORTGAGES
A jumbo mortgage, or jumbo loan, is financing that exceeds the limits set by the Federal Housing Finance Agency (FHFA). Limits across the nation vary by county. A jumbo loan is not eligible to be purchased, guaranteed or insured by Fannie Mae or Freddie Mac or subject to Government-Sponsored Enterprise (GSE) guidelines. Sometimes designed to finance luxury properties and homes, jumbo mortgages come with unique underwriting requirements. Jumbo loans typically require higher down payments.
PORTFOLIO LOANS
A portfolio loan is one that the lender keeps ‘on-their-own-books’ rather than selling on the secondary mortgage market, where lenders buy and sell loans and servicing rights. These mortgages are often used to serve customers who fall just outside the guidelines for a secondary market loan.
Loan products are available to qualified applicants. Interest rates are subject to change; please contact us at 406-495-2400 for current rates.
*Proudly serving the communities of Helena, East Helena, Montana City, Clancy, Wolf Creek, Boulder, Marysville, Butte, Anaconda and Whitehall areas.
