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Head home with Highlands.
A neighborly mortgage experience.
If you’re ready to buy a home among the serene lakes, rivers and mountains of the Alleghany Highlands, our lenders are here to help you with a mortgage experience that matches! With competitive rates on an adjustable-rate mortgage backed by friendly experts to help you through each step of the process. Highlands Community Bank makes homebuying simple.
What is an Adjustable-Rate Mortgage?
An Adjustable-Rate Mortgage or “ARM” is a home loan with an interest rate that stays fixed for an initial period and may later decrease or increase based on market conditions. This loan may get you lower initial payments and help offset the earlier costs of homebuying.
For First-time buyers, an ARM with Highlands gets you access to a local trusted expert to guide you every step of the way and potential savings on initial payments.
For experienced buyers, Bridge loans are also available to make buying a new home before your old home sells possible. Plus, if you’re building your new home, our construction loans transition seamlessly into ARMs, which could mean less stress and potential savings!
Why choose an ARM?
Most homebuyers buy/sell their homes every 5–7 years. Many times, an ARM has a lower initial rate than a traditional mortgage, which means you pay less overall if you fall within the average homeownership timeline.
No matter which loan you choose, you’ll enjoy:
Streamlined underwriting
Quick, local decision making
Loans serviced locally
With a Highlands Community Bank ARM, you’ll enjoy:
- Competitive rates and terms
- A 5-year fixed interest rate period with potentially lower payments
- After 5 years, an interest rate adjustment cap protects you from large rate increases
- Flexible terms that can go up to 30 years
- The reassurance, education, and consistent guidance you need
- Confidence that choosing HCB keeps financial investment in the community
- After 5 years, if interest rates are lower, your interest rate may decline, subject to an interest rate floor
No matter your starting point…
Whether it’s your first time buying a home, or you’ve found your forever place, our lenders will provide the guidance and education you need every step of the way. There’s no question too simple or lesson too big. Together, we’ll get you home.
Highlands Community Bank is here to provide you with the support and competitive mortgage you need to make the process simple and affordable.