Home LoansLet us help you get into the home of your dreams
Solutions for Every Situation
Woodlands Bank—NMLS #506857
It's an expensive world out there, let us help you make the big purchases that can't be made alone. We offer a wide selection of home loan solutions that can be tailored to fit your situation. Select a home loan option to learn more.
Fixed Rate
Mortgage Loan
The Traditional Solution
Fixed-rate mortgages are the most traditional loans, and are a great choice if you plan to be in your home for a number of years. Your principal and interest payments won’t fluctuate and your interest rate is locked in for the duration of your loan.
Traditional Mortgage
Up to 97% Financing Available
Rate & Payment Stay the Same
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Adjustable Rate
Mortgage Loan
The Low Down Payment Solution
Our Adjustable-Rate Mortgage Loan option is fixed for an initial period (3, 5, 7 or 10 years) and then adjusts annually. This is a great option for properties that do not work with a traditional mortgage.
15, 20 & 30 Year Terms Available
As low as 3% Down Payment
Local Decisions & Underwriting
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Notice
Rate is subject to change. Other terms and conditions may apply. The annual percentage rate (APR) will be based upon your credit qualifications, loan-to-value, and repayment terms. The initial payment on a 30 year $100,000 3/1 Adjustable Rate Loan at a rate of 5.50% and 80% loan-to-value (LTV) is $567.81 with 0.00 points due at closing. After the initial 3 years, the interest rate can change annually and is subject to an initial interest rate cap of 1.00%, and annual rate cap of 1.00% and a lifetime cap of 10.50%. Payment amount shown does not include taxes and insurance premiums. At the first adjustment, the interest rate cannot increase above 6.50% or decrease below 3.00% (the floor). If the interest rate reached the lifetime maximum cap of 10.50%, your payment would be $914.79. Actual payment amounts will vary annually after the third year based on the weekly average yield on United States Treasury securities adjusted to a constant maturity of one year (1 Year Treasury Index) plus our margin, rounded to the nearest 0.125% as made available by the Federal Reserve Board.Construction-to-Permanent
Mortgage Loan
Building Your Dream Home?
Our Construction-to-Perm Mortgage Loan will assist you in building the home of your dreams. With one closing, you will be set for the construction phase and then automatically convert to permanent financing when construction is complete. Fixed & adjustable rate options available. One closing, less hassle.
15, 20 & 30 Year Terms Available
6 or 9 Month Construction Phases Available
Local Decisions & Underwriting
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Notice
Rate is subject to change. Other terms and conditions may apply. The annual percentage rate (APR) will be based upon your credit qualifications, loan-to-value, and repayment terms. The initial payment on a 30 year $100,000 3/1 Adjustable Rate Loan at a rate of 5.50% and 80% loan-to-value (LTV) is $567.81 with 0.00 points due at closing. After the initial 3 years, the interest rate can change annually and is subject to an initial interest rate cap of 1.00%, and annual rate cap of 1.00% and a lifetime cap of 10.50%. Payment amount shown does not include taxes and insurance premiums. At the first adjustment, the interest rate cannot increase above 6.50% or decrease below 3.00% (the floor). If the interest rate reached the lifetime maximum cap of 10.50%, your payment would be $914.79. Actual payment amounts will vary annually after the third year based on the weekly average yield on United States Treasury securities adjusted to a constant maturity of one year (1 Year Treasury Index) plus our margin, rounded to the nearest 0.125% as made available by the Federal Reserve Board.HomeOneSM
Mortgage Loan
Buying your First Home?
HomeOneSM mortgage is a low down payment (3%) option for first-time homebuyers, along with no cash-out refinance borrowers. This mortgage solution allows you to achieve the milestone of homeownership, regardless of your income levels or geographic location. Homebuyer education required for purchase transactions when all borrowers are first-time homebuyers.
3% Minimum Down
No Geographical or Income Restrictions
Single Family Homes Eligible
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Home Possible®
Mortgage Loan
Low income? No Problem
Home Possible® mortgages offer low down payments (3 to 5%) for low-to- moderate income homebuyers or buyers in high-cost or underserved communities. Flexible sources of down payment and income flexibility make this product a good option for purchase or refinancing of your home. Homebuyer education required for purchase transactions when all borrowers are first-time homebuyers
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FHA
Mortgage Loan
Government Insured Option
Our FHA Mortgage Loan will assist you in buying the home of your dreams. You work with Woodlands Bank lenders, while The Federal Housing Administration (FHA), part of HUD, insures the loan. Other features include: 100% gifting available from acceptable donor (relative or person w/ est. relationship).
VA
Mortgage Loan
The solution for Veterans
Woodlands Bank is proud to offer VA Loans to local veterans. VA Home loan programs guarantee home loans for Active Duty Service members, Veterans, National Guard members,
Reserve members and certain surviving spouses.
USDA
Mortgage Loan
Guaranteed Rural Housing
For borrowers living in a rural area that meet specific income requirements. Eligible borrowers may obtain up to 100% financing.
Home Equity Loans & Lines
Loan SolutionsNo Closing Costs
No Pre-Payment Penalty
Local Decisions & Underwriting
Use the equity in your home to finance other projects, goals, or unexpected bills. Select a Home Equity Loan or Line option from below to learn more or apply.
Home Equity Loan
Home Equity Master Line of Credit
25 Year Draw Rate
Home Equity Master Line of Credit
6 Month Intro RateHome Equity Loan
No Closing Costs1
Repayment Terms Up to 15 Years
$5,000 Minimum
Utilize Your Home's Equity
Our Home Equity Loan provides access to your homes equity to use for home improvements, a new car, debt consolidation, or a vacation! Other benefits and features of a home equity loan include: No Prepayment penalty & Automatic payments available.
Rates As Low As
APR Effective 11/9/20223 Year Fixed
25.008%
APR
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Lending Resources
1Total estimated costs will vary based on individual loan, ranging $0-$550, with the only closing item being an appraisal; if needed.
Rate is fixed for the entire term of the loan. On a 3-year fixed rate loan, the loan payments would be due each month for 36 months. Rate stated is subject to the borrower meeting minimum credit score and loan-to-value (LTV) requirements.Total estimated costs will vary based on individual loan, ranging $0-$550, with the only closing item being an appraisal; if needed. Home owner insurance required. Flood insurance may be required. The annual percentage rate (APR) and monthly payment amount provided in the example, is calculated assuming a 20% down payment. Monthly payment amounts do not include amounts for taxes and insurance premiums, which will cause the actual monthly payment obligation to be greater if an escrow account is established. Fees and charges that are not finance charges will apply. Automatic payment from Woodlands Bank deposit account required for promotional rate, without automatic payment, rate would increase by 0.50%. $15,000 minimum new loan funds required for promotional rate, if new loan funds are less than $15,000, rate would increase by 0.50%. Monthly payment example: $15,000 loan amount, interest 6.00% (6.008% APR) fixed for 36 months, resulting principal and interest payment amount $456.40. Monthly Payment does not include taxes and insurance.
Rate is fixed for the entire term of the loan. On a 3-year fixed rate loan, the loan payments would be due each month for 36 months. Rate stated is subject to the borrower meeting minimum credit score and loan-to-value (LTV) requirements.Total estimated costs will vary based on individual loan, ranging $0-$550, with the only closing item being an appraisal; if needed. Home owner insurance required. Flood insurance may be required. The annual percentage rate (APR) and monthly payment amount provided in the example, is calculated assuming a 20% down payment. Monthly payment amounts do not include amounts for taxes and insurance premiums, which will cause the actual monthly payment obligation to be greater if an escrow account is established. Fees and charges that are not finance charges will apply. Automatic payment from Woodlands Bank deposit account required for promotional rate, without automatic payment, rate would increase by 0.50%. $15,000 minimum new loan funds required for promotional rate, if new loan funds are less than $15,000, rate would increase by 0.50%. Monthly payment example: $15,000 loan amount, interest 6.00% (6.008% APR) fixed for 36 months, resulting principal and interest payment amount $456.40. Monthly Payment does not include taxes and insurance.
Home Equity Master Line of Credit
25 Year Draw Rate
No Closing Costs1
Lock in 3 loans under one LOC**
$15,000 Minimum
Use Your Home's Equity When You Need It, Have the Option to Lock In Your Rate
Our Home Equity Master Line of Credit (HEMLOC) provides the flexibility you need to access your money when you need it, with an option to lock a portion or all of your balance into a fixed rate and term when the time is right for you**. With a HEMLOC loan you will also enjoy these benefits and features, including: Check writing options, fixed and variable rate options in one single product, no pre-payment penalty.
Rates As Low As
APR Effective 7/27/202325 Year Draw
25.50%
APR
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Home Equity Master Line of Credit
6 Month Introductory Rate
No Closing Costs1
Lock in 3 loans under one LOC**
$15,000 Minimum
Rates As Low As
APR Effective 7/27/20236 Month Intro Rate
25.24%
APR
After Intro
25.50%
APR
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1Total estimated costs will vary based on individual loan, ranging $0-$550, with the only closing item being an appraisal; if needed.
** Lock-In Fixed Rate Term Option: Once locked, rate is fixed for the entire agreed upon term of the locked-in portion of the loan. The APR that applies to the locked-in balance shall be Home Equity Master Line of Credit locked rate established at the time of the conversion. Lock Number and Fees: The maximum number of locks during a draw period of the Home Equity Master Line of Credit is three (3). Only one (1) lock can be extended during the first 12 months. The customer must provide a written request to lock in a term and rate, in order for the bank to confirm and track the lock. The first lock is free. Each subsequent lock (with a maximum of two (2) additional locks) will incur a fee of $100 per lock. Wall Street Prime is currently 8.50%. Equal Housing Lender. Member FDIC.
Additional Terms for Home Equity Master Lines of credit
Rates may change at any time prior to locking in a fixed rate. Other terms and conditions may apply. The annual percentage rate and maximum loan amount will be based upon your credit qualifications, loan-to-value ratio, and repayment term. The variable APR may adjust daily based on Wall Street Prime. Maximum APR 15.00%. Total estimated costs will vary based on individual loan, ranging $0-$550, with the only closing item being an appraisal, if needed. $15,000.00 minimum new loan funds required. Homeowner's insurance required. Flood insurance may be required. Automatic payment from Woodlands Bank deposit account required for promotional rate, without automatic payment rate would increase by 0.25%. An early termination fee of $200.00 will be charged if line of credit is closed within the first 36 months of opening. A balloon payment will result if there is a balance remaining at maturity and only the minimum monthly payments are made. At maturity the borrower will be required to repay the entire outstanding loan account balance in a single payment or may choose to refinance the line of credit.** Lock-In Fixed Rate Term Option: Once locked, rate is fixed for the entire agreed upon term of the locked-in portion of the loan. The APR that applies to the locked-in balance shall be Home Equity Master Line of Credit locked rate established at the time of the conversion. Lock Number and Fees: The maximum number of locks during a draw period of the Home Equity Master Line of Credit is three (3). Only one (1) lock can be extended during the first 12 months. The customer must provide a written request to lock in a term and rate, in order for the bank to confirm and track the lock. The first lock is free. Each subsequent lock (with a maximum of two (2) additional locks) will incur a fee of $100 per lock. Wall Street Prime is currently 8.50%. Equal Housing Lender. Member FDIC.
Bridge
Mortgage Loan
Interest only payments
No Closing Costs
Fixed Rate
Utilize Your Old Home to Help Finance Your New Home
Our Bridge Loan option will allow you to use equity from your existing home for the down payment and closing costs on your new home. Bridge loans have a maximum term of 12 months & automatic payments are available.
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