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Loan Programs

Understanding your mortgage options

Understanding options is the first step to financing your dream.

FIXED RATE MORTGAGES (FRM)
The most common type of loan option, the traditional fixed-rate mortgage includes monthly principal and interest payments which never change during the loan’s lifetime.

ADJUSTABLE RATE MORTGAGES (5/1, 7/1 & 10/1 ARM)
Adjustable rate mortgages contain a feature that allows the interest rate to move up and down over time (subject to limitations). CBC offers Hybrid ARM options that combine the features of both fixed rate and adjustable rate mortgages. These ARM products offer an initial fixed rate term (5, 7, or 10 years) that converts to an adjustable rate term for the remainder of the loan.

COMPONENTS OF AN ARM
Prior to choosing a home loan, you should know the advantages and risks of adjustable-rate mortgages to make an informed, prudent decision.

FHA LOANS
FHA home loans are mortgages which are insured by the Federal Housing Administration (FHA), allowing borrowers to get low mortgage rates with a minimal down payment.

VA LOANS
VA loans are mortgages guaranteed by the Department of Veteran Affairs. These loans offer military veterans exceptional benefits, including low interest rates and no down payment requirement. This program was designed to help military veterans realize the American dream of home ownership.

USDA
A department of the United States government that manages various programs related to food, agriculture, natural resources, rural development and nutrition.

WHAT KIND OF LOAN PROGRAM IS BEST FOR YOU?
Should you get a fixed-rate or adjustable rate mortgage? A conventional loan or a government loan? Deciding which mortgage product is best for you will depend largely on your unique circumstances, and there is no one correct answer.



Ready to take the next step?

We help you through every step of the mortgage process. Because the process can be daunting, we've have experienced mortgage loan officers ready to help.

Choose whether to meet face-to-face in one of our branches, manage everything over the phone, or online through our Consumer Direct Mortgage Team - personal service is our specialty.


Buying a home is stressful, but you made the process seamless. We now feel and understand the pride of home ownership because of Wendy.

Sean and Daphnee N.

Jacksonville, fl
I could not have asked for a better loan officer to work with. Donna was incredibly fast at receiving and replying to any phone call or email...throughout my home buying process. I had a great first home buying experience with her!

Keri C.

Ft. White, FL
*100% financing applies to VA loans only. 
All loans are subject to credit underwriting and approval. See a mortgage loan officer for more info.