Everyone needs a little help at times for various reasons. At Mifflinburg Bank & Trust we offer competitive loan products and services. A Relationship Manager will work closely with you, carefully listening to understand your unique needs, recommending products and services that best suit your financial objectives. Loans are approved quickly right here within our community. Interest rates are competitive and payments are tailored to fit your budget. At Mifflinburg Bank & Trust we understand the importance of personalized financial relationships with our 55-Plus customers.
For complete details Contact Us Now, call a Loan Officer at any of our office locations, or call toll free 1-800-888-MBTC (6282).
Making Home Improvements
Overdraft Protection
Unsecured Line of Credit - Our MBTC Unsecured Line of Credit provides the flexibility of accessing funds when needed and repayment of funds when convenient. Funds may be used to purchase home appliances, make home improvements, plan a vacation, consolidate credit card debt, or just about anything within the approved amount of the loan. The LOC may also be setup to provide overdraft protection in conjunction with an MBTC checking account.
- Easy, no hassle, no application fees
- Interest only payments
- Up to three year term
- Adjustable rate tied to NY prime rate
- Detailed monthly statement
- Funds can be transferred by Internet, telephone or check
Loans for any Purpose
Unsecured Installment Loan - Our MBTC unsecured installment loan has a fixed payment amount and loan term. Funds may be used to purchase home appliances, make home improvements, plan a vacation, consolidate credit card debt, establish credit, or just about anything within the approved amount of the loan.
- Easy, no hassle, no application fees
- Payment flexibility, terms ranging from 1 to 5 years
- Disbursement by check or deposit to your account
- Coupon book or direct charge payments
- Life, Accident & Health Insurance available
Home Equity Line of Credit
Home Equity Line of Credit - Our MBTC home equity line of credit is supported by a 1st or 2nd mortgage on the owner-occupied personal residence. The LOC provides the flexibility of accessing funs when needed and repayment of funds when convenient. Interest paid by the borrower may be tax deductible. Funds may be used to consolidate credit card debt, home improvements, vacations, college expenses, or just about anything within the approved amount of the loan.
- Loan is for 15 years, includes a 10 year draw and a 5 year repayment period
- Customer can utilize by check, telephone, Internet, or visiting a branch office
- One low application fee
- Bank will lend up to 80% of the appraised value of your home less any additional mortgages
- Adjustable loan rate - adjust annually
- .25% rate reduction for direct charge of payments from an MBTC checking account
Home Equity Fixed Rate Loan
Home Equity Fixed Rate Loan - Our MBTC home equity fixed rate loan is supported by a 1st or 2nd mortgage on the owner-occupied personal residence. The loan has a fixed interest rate, term and payment for the life of the loan. Interest paid by the borrower may be tax deductible. Funds may be used to consolidate credit card debt, home improvements, vacations, college expenses, or just about anything within the approved amount of the loan.
- Loan terms from 3 to 15 years (tailored to meet individual goal or budget)
- Bank loan up to 90% of the appraised value of your home
- One low application fee
- Bi-weekly or monthly direct charge payments are available
- .25% rate reduction for direct charge of payments from an MBTC checking account
- Life, Accident & Health insurance available
Auto Loan
Auto Loan - Our MBTC auto loan is an installment loan secured by the auto title. No down payment is required on a new vehicle. Life and Accident & Health insurance are available to protect yourself and your family. Payments are tailored to meet your budget.
- Loan terms for up to 5 years depending on the age of the vehicle
- 100% financing on new vehicles
- Rates are lower than unsecured installment loans
- .25% rate reduction for direct charge of payments from an MBTC checking account
Building a Home
Construction Mortgage - At MBTC we offer interest only construction mortgages. You may draw funds as needed up to 12 months on the approved loan limit. As the construction period ends, your relationship manager will help you choose a mortgage loan to term out the accessed funds. Our mortgage loans have flexible terms and are tailored to fit your monthly budget. Competitive rates and convenience are priorities at MBTC.
- Fixed or adjustable rates - all mortgage types applicable
- May be approved up to 12 months maximum for completion with approval
- Interest payments only until completion, billed monthly on outstanding balance only
- One closing
- MBTC will advance funds directly to the contractor
Buying or Refinancing a Home
Adjustable Rate Mortgage (ARM) - Our MBTC adjustable rate mortgage is available with a 10-30 year terms for the purpose of residential mortgages, town houses or condominiums. You may choose one of the following adjustment terms.
3 year ARM - 3 year fixed rate with rate adjustment every 3 years thereafter
5 year ARM - 5 year fixed rate with rate adjustment every 5 years thereafter
10 year ARM - 10 year fixed rate with annual rate adjustment thereafter
- 2% ceiling maximum per year on rate adjustment
- 6% maximum rate adjustment per life of loan
- Bank lends up to 95% of the appraised value of your home (maximum with PMI purchase)
- .25% rate reduction for direct charge of payment from an MBTC checking account
- Loans available with or without points
- Life, accident & health insurance are available
*MPF® Program and Fannie Mae® - Secondary Mortgage Loan Programs offered by Mifflinburg Bank & Trust with very competitive fixed interest rates. While you get the benefit of low rates offered by a large national lending institution, your loan is serviced locally by Mifflinburg Bank & Trust.
- Fixed rate loan up to 30 years
- Available with or without points
- 95% LTV ratio (maximum with PMI purchase)
- Loans are serviced locally by MBTC
- 1-4 family owner occupied homes
- Loan rates can be fixed at application for up to 60 days
*MPF is a registered trademark of the Federal Home Loan Bank of Chicago. The program is offered by MBTC in association with the Federal Home Loan Bank of Pittsburgh. The Fannie Mae mortgage program is offered by MBTC in association with Fannie Mae, a federally chartered shareholder-owned company.
For complete details Contact Us Now, call a Loan Officer at any of our office locations, or call toll free 1-800-888-MBTC (6282).
