Interest rates have remained at consistent lows. Consumer confidence rose to its second-highest level in six years in May, and home inventories and median list prices were 14.2 percent and 6.2 percent higher respectively in April, 2014, year-on-year.
These factors drive a sunny outlook for the local real estate market. And if you’re among those in hot pursuit of a home as the weather warms up, you’ve come to the right place — regardless of if you’re building anew or buying from existing stock.
Traditionally, building new meant traveling to one bank for a loan to finance the lot where your home will sit and/or its construction costs, then traveling to another bank, working with a completely different team for the permanent mortgage. What to do at closing? You guessed it — expect to team up with yet another company for title insurance.
Core Bank’s professionals and products meet all of your residential real estate lending needs, a one-stop shop.
Buying a new home, refinancing an existing loan, or purchasing a second home or investment property? Core Bank offers everything you’ll need — from ground break to permanent financing, as we like to say.
The services deployed by our experienced real estate department team span the following three key areas: construction loans, mortgage loans, and title + escrow.
Building your dream home? We offer lot loans to finance the very footprint where your house will sit, rate locks and interest only payments to facilitate the construction period, and expertise to assist you from start to finish.
“We love to help customers and make the process simple and straightforward,” said Senior Vice President of Real Estate David Hartman. “It can be an intimidating process, but our team will guide you through each step, making it as easy as possible.”
Hartman continues: “Not only do we provide great service, but we are flexible to the needs and circumstances of our customers. That shows in our variety of products and our ability to consult and partner with families, we listen, identifying the best options for them.”
With our customer-centered focus in mind, we offer lots of options alongside the “usual” suspects — including the conventional and adjustable rate mortgages.
In addition to our team’s understanding of FHA, VA and NIFA (Nebraska Investment Finance Authority) programs, we can tailor our products to fit borrowers needs. If you’ve maxed-out the $417,000 threshold for a conventional mortgage, we can deliver a jumbo loan. And, at some point, interest rates are bound to increase. But savvy consumers can take advantage of extended rate locks — from 30 to 90 days all the way up to 12 months.
“Products are not meant to be pulled off the shelf,” said Senior Vice President of Mortgage Lending Kent Hofferber. “Our team understands that customers must be matched to products, or we can even customize a mortgage that is designed around you, that you’re comfortable with from a budgetary standpoint, and helps your family meet its goals.”
No need to seek out another company for title + escrow services or, worse yet, turn to one firm for title and one firm for escrow services. We’ve got you covered. We’ve been with you since the beginning of the process and we’ll finish out with you as well.
Our veteran professionals at Core Bank Title + Escrow provide title insurance, search and certificate solutions and both standard and extended policies, regardless of transaction or loan types.
A turnkey solution.
Our team is knowledgeable and creative. We provide value beyond merely fitting you into a lower rate or using equity to cover necessary construction or mortgage expenses.
From ground break to permanent financing – we serve our customers seamlessly throughout the whole home-buying or home-building process. Our experience and expertise makes us the best team in the market.
Ready to start the process? Call one of our construction lenders at 402.829.3453 or one of our mortgage lenders at 402.885.6900 today.
We’d love to see your smiling face in person, but we know that your banking needs happen 24 | 7 | 365. Feel free to bank from your couch, your office or a beach somewhere warm.