- Home Loans -Let us help you get into the dream home

Solutions for Every Situation

Woodlands Bank—NMLS #50657
It's an expensive world out there, let us help you make the big purchases that can't be made alone. That's why we offer a wide selection of home loan solutions that we can tailor to fit your specific situation. Select a home loan option to learn more about it.

Fixed Rate

Mortgage Loan
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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.

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Notice
Terms of repayment which reflects the amount, number and timing of payments over the term of the loan including any balloon payment. Payments do not include taxes and insurance.

Rates as low as 4.5% (4.5% APR), which is an actual rate available as of August 9, 2018. Rate is based on the following assumptions: • Conventional 30-Year Fixed which is a 30-year loan that has a fixed rate for the entire loan term of 30 years. The loan payments are due each month for 360 months. • $225,000 loan amount, 70% loan-to-value, 740 credit score, property in WA, lock period of 30 days, debt-to-income ratio of 30% or less, escrow account applied (meaning your tax and insurance costs are collected monthly with your mortgage payment).

Payment Example: $225,000 loan amount, interest rate of 4.5% (4.5% APR) fixed for 30 years, resulting principal and interest payment amount $1141. Payment does not include taxes, insurance, or HOA dues. Check these monthly costs on the home you own or will buy and add them to the above payment to determine your total housing payment.

Adjustable Rate

Mortgage Loan
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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.
 

Rates As Low As

APR Effective 8/9/2018
15 Year adjustable
25.317%
APR
30 Year Adjustable
25.388%
APR

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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 3.75% and 80% loan-to-value (LTV) is $463.12 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 8.75%. Payment amount shown does not include taxes and insurance premiums. At the first adjustment, the interest rate cannot increase above 4.75% or decrease below 4.00% (the floor). If the interest rate reached the lifetime maximum cap of 8.75%, your payment would be $786.70. Actual payment amounts will vary annually after the third year based on changes in the weekly average yield on United States Treasury securities adjusted to a constant maturity of three years, as made available by the Federal Reserve Board.

Construction-to-Permanent

Mortgage Loan
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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.
 

Rates As Low As

APR Effective 8/9/2018
15 Year Adjustable
25.317%
APR
30 Year adjustable
4.0%
APR

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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 3.75% and 80% loan-to-value (LTV) is $463.12 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 8.75%. Payment amount shown does not include taxes and insurance premiums. At the first adjustment, the interest rate cannot increase above 4.75% or decrease below 4.00% (the floor). If the interest rate reached the lifetime maximum cap of 8.75%, your payment would be $786.70. Actual payment amounts will vary annually after the third year based on changes in the weekly average yield on United States Treasury securities adjusted to a constant maturity of three years, as made available by the Federal Reserve Board.

HomeOneSM

Mortgage Loan
HomeOne Icon

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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Please Call or Visit Our Office for Current Rates

Contact Us Locations
 
 

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Notice
Rate is subject to change. Terms of repayment which reflects the amount, number and timing of payments over the term of the loan including any balloon payment. Payments do not include taxes and insurance.

Home Possible®

Mortgage Loan
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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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Notice
Rate is subject to change. Terms of repayment which reflects the amount, number and timing of payments over the term of the loan including any balloon payment. Payments do not include taxes and insurance.

FHA

Mortgage Loan
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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).

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Notice
Rate is subject to change. Terms of repayment which reflects the amount, number and timing of payments over the term of the loan including any balloon payment. Payments do not include taxes and insurance.

VA

Mortgage Loan
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The solutions 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.

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Notice
Rate is subject to change. Terms of repayment which reflects the amount, number and timing of payments over the term of the loan including any balloon payment. Payments do not include taxes and insurance.

USDA

Mortgage Loan
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Guaranteed Rural Housing

For borrowers living in a rural area that meet specific income requirements. Eligible borrowers may obtain up to 100% financing.

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Notice
Rate is subject to change. Terms of repayment which reflects the amount, number and timing of payments over the term of the loan including any balloon payment. Payments do not include taxes and insurance.

Home Equity Loans & Lines

Loan Solutions

No 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 Icon

Home Equity Loan

Home Equity Line of Credit Icon

Home Equity Line of Credit

Home Equity Master Line of Credit

Home Equity Master Line of Credit

Home Equity Loan

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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 8/9/2018
5 Year Fixed
25.50%
APR
15 Year Fixed
25.25%
APR

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Notice
Rate is fixed for the entire term of the loan. On a 5-year fixed rate loan, the loan payments would be due each month for 60 months. Rate stated is subject to the borrower meeting minimum credit score and loan-to-value (LTV) requirements. The annual percentage rate (APR) and payment amount provided in the example, is calculated assuming a 20% down payment. Payment amounts do not include amounts for taxes and insurance premiums, which will cause the actual payment obligation to be greater if an escrow account is established. Fees and charges that are not finance charges will apply. Payment example: $25,000 loan amount, interest rate of 4.50% (4.501% APR) fixed for 60 years, resulting principal and interest payment amount $466.09. Payment does not include taxes and insurance.

Rate is fixed for the entire term of the loan. On a 15-year fixed rate loan, the loan payments would be due each month for 180 months. Rate stated is subject to the borrower meeting minimum credit score and loan-to-value (LTV) requirements. The annual percentage rate (APR) and payment amount provided in the example, is calculated assuming a 20% down payment. Payment amounts do not include amounts for taxes and insurance premiums, which will cause the actual payment obligation to be greater if an escrow account is established. Fees and charges that are not finance charges will apply. Payment example: $50,000 loan amount, interest rate of 5.25% (5.25% APR) fixed for 180 years, resulting principal and interest payment amount $401.95. Payment does not include taxes and insurance.

Home Equity Line of Credit

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Use Your Home's Equity When You Need It

Our Home Equity Line of Credit (LOC) provides the flexibility you need to access your money when you need it. Other benefits and features of a Home Equity Line of Credit include: Check writing options, no pre-payment penalty, 1% of outstanding balance or $100 minimum payment; whichever is greater.
 

Rates As Low As

APR Effective 8/9/2018
10 Year Draw
25.25%
APR

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Notice
Rates may change at any time. 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, plus or minus a margin. Maximum APR 15.00%. Total estimated costs will vary based on individual loan, ranging $0-$425, with the only closing item being an appraisal; if needed. Home owner insurance required. Flood insurance may be required. 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.

Home Equity Master Line of Credit

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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.
 

Promotional Rate

APR Effective 9/4/2018
12 Month Intro Rate
25.99%
APR
Variable Rate After Intro Period, currently
25.00%
APR

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Additional Terms for Home Equity Lines and Master Lines of credit
Rates may change at any time. 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, plus or minus a margin. Maximum APR 15.00%. Total estimated costs will vary based on individual loan, ranging $0-$425, with the only closing item being an appraisal; if needed. Home owner insurance required. Flood insurance may be required. 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 lock in portion of the loan. The APR that applies to the locked-in balance shall be the Home Equity Loan 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 5.00%. Equal Housing Lender. Member FDIC.

Bridge

Mortgage Loan
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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 required.
 

Rates As Low As

APR Effective 8/9/2018
Up to 12 Months
25.25%
APR

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Notice
Rate is fixed for the term of the loan. Payments on a loan amount of $100,000 at a rate of 5.25% (5.25% APR) will result in an interest only payment of between $402.74 and $445.89 monthly for 11 months followed by 1 final payment of $100,445.89.

NMLS# 506857