At Mifflinburg Bank & Trust we offer short and long term loan products and services. We have personalized service, flexible terms and competitive rates. Loans are approved quickly right here within our community. A Relationship Manager will work closely with you, carefully listening and understanding your unique needs and recommend products and services that best suit your financial objectives. Mifflinburg Bank & Trust is your bank for superior customer service.
- Loans for any Purpose
- Making Home Improvements
- Prevent Overdrawing Accounts
- Refinancing a Home
- Vacation Loans
For complete details Contact Us Now, call a Customer Service Representative 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, establish credit, or just about anything within the approved amount of the loan. The LOC may also be used as 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
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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
Home Equity Line of Credit - Our MBTC HELOC is supported by a 1st or 2nd mortgage on the owner-occupied personal residence. The LOC provides the flexibility of accessing funds 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 - adjusts 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 HE 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 you 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 offer flexible terms and are tailored to fit your personal monthly budget. Competitive rates and convenience are priorities at MBTC.
- 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
Steps to Buying a Home
Adjustable Rate Mortgage (ARM) - Our MBTC adjustable rate mortgage is available with a 10-30 year term for the purpose of purchasing a residence, town house or condominium. The adjustable rate mortgage provides a lower initial interest rate making home ownership more affordable.
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
Current*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 large national lending institutions, 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.
Current Mortgage Loan Rates
Home Equity Loans for Higher Educaton
Home Equity Loans For Higher Education - Higher education becomes more costly each year. Sometimes scholarships, grants and federal loans are not enough to pay for college. A Home Equity Loan may fill the gap between your student's financial aid package and the actual cost of a college education. Call a Relationship Manager at an office near you to find how Mifflinburg Bank & Trust can assist you and your student with college expenses.
Vacation Loans
Vacation Loans - Take time to enjoy life by taking the special vacation that you and your loved ones deserve. We'll customize a loan that fits your individual needs and bdget. We can save you money since the inrest rate you'll pay is lower than most credit cards. Payment automatically deducted from a Mifflinburg Bank & Trust checking or savings account will reduce your rate. You may qualify for a lower rate if you secure the lon with MBTC deposits or a certificate of deposit. Home Equity loans may have lwe interest rates and may be tax deductible. Your interest rate will be based on your credit history and current credit report. Our Relationship Managers ar trained to assist you when choosing a loan program that fits your individual credit needs. At Mifflinburg Bank & Trust you will receive competitive rates, fast approval and prompt professional attention.
Stop in at an office near you or CALL TODAY 888-966-6282.
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For complete details Contact Us Now, call a Customer Service Representative at any of our office locations, or call toll free 1-800-888-MBTC (6282).
