Home Loans

There are all kinds of homes and all kinds of home buyers, so it only makes sense that Grand Bank offers a variety of mortgage options. Whether you're buying or building your first home or looking to lower your monthly payments, we offer the advantages of low rates, unique loan options, and a quick pre-qualification process.
If you have questions about an existing or future home loan please contact one of our home loan professionals below.
Our home loan options will help you make the right move.

Home Loan Options

Grand Bank has a variety of in-house loan products that are perfectly designed to fit a large spectrum of customer needs.
• Asset Based Mortgage Program
Qualify with your assets, not income, plus tax returns are not required.  You are able to keep your assets where they are appreciating.
• Bridge Loan Mortgage Program
Utilizing the equity in your current home, you’re able to buy a new home without having to wait to sell your current home. Your new home and current home loans are combined into one loan, which could save you hundreds of dollars every month.
• Cash Flow Mortgage Program
Ideal for self-employed buyers, this mortgage program requires 12 months of bank statements. Gift and business funds are accepted as a down payment.

• Lot loans in subdivisions with a recorded plat map.
• Acreage loans
• Light Commercial: Purchase or refinance of real estate for business purposes.*
• Light Commercial: Multiple single-family investment properties on one loan.*

*Considered on a case-by-case bases. Completed personal financial statement required.

This fixed-rate loan is the most common type of mortgage loan. Neither the interest rate nor the mortgage payment amount changes during the life of the loan. A low, minimal, down payment is required, but multiple down payment options are available. Conventional loans are ideal for your primary residence, secondary home, or single-family investment property purchases.

FHA loans allow you to purchase a home with a low down payment, which can come from gifted monies. FHA is ideal for first-time home buyers, because qualifying can be more flexible when compared to other loan programs.

This loan is designed for qualified military veterans to buy a home with no down payment.

In order to build a home, two loans are necessary. First, you need a temporary construction loan that will hold funds in a “loan in process” account and disburse accordingly as the home is completed. Second, you need permanent financing through Fannie Mae, Grand Bank in-house programs or other permanent loan program. Construction loans are closed locally and expeditiously and no interest is charged until funds are drawn.

This loan requires no down payment. It has a fixed interest rate, and usually allows home buyers to purchase a home at lower rates and under more favorable terms. Income and location restrictions may apply.

Why rent when you can own?
Grand Bank is committed to helping people achieve the dream of homeownership. This is why we offer ITIN loan programs, which are great solutions for people with Individual Tax Identification Numbers (ITIN) who are looking to buy a new home. These loans do not require a social security number, just your ITIN Card (Individual Tax Identification Number).

We work with home buyers in all 50 states, so contact us today to see how we can make homeownership possible for you!

¿Hablas Español? Puedo ayudarte. Contact Fernando Garcia (601) 705-2381.

In addition to providing home loans for new home buyers, Grand Bank also purchases owner-financed real estate secured notes from individuals and brokers in all 50 states. Owner-financed notes (sometimes referred to as seller carryback or seller-financed) is a loan provided by the seller of a property to the purchaser. The seller may then choose to sell the mortgage directly to us and receive cash immediately.

Grand Bank’s management team is a pioneer in the owner-financed note industry. We were one of the first nationwide buyers of real estate secured notes and have been a major buyer in the industry ever since.

For more details, contact us at (800) 300-1467 or visit our website: sellmynotedirect.com

All loans require escrow of taxes, insurance, and other assessments. All loans are subject to credit approval. Rates & underwriting guidelines are subject to change without notice.

**Important Information About Procedures For Opening A New Account
To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account and each beneficial owner of an account. What this means for you: When you open a personal account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents. When you open a business account, we will ask for certain business documents and identifying information of each business owner.