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The Artisans’ Bank Home Loan Team can help you achieve home ownership!
As a community-focused bank, we understand the local approval process and provide our customers with the expertise and knowledge they need to achieve their financial goals. Your success is our top priority, and we are dedicated to helping you every step of the way.
Whether you're looking for a starter home, a second home, a home equity loan, or want to refinance your existing loan,
our Residential Lending Team can help you arrange for a loan that works within your budget and timeline. You can also give us a call at 302-884-6868 or visit our digital Mortgage Center to understand your lending options.
Let us help you turn your dream home into reality.
Use this Home Loan Checklist as a helpful way to get organized prior to applying for your loan.
Here are the types of loans we offer:
Conventional Loans
A fixed-rate loan is designed to offer borrowers a sense of security and consistency, as it guarantees a stable interest rate over the life of the loan, regardless of market fluctuations.
Available in various term lengths—ranging from a few years to several decades—this type of loan allows individuals to plan their finances with confidence.
Adjustable Rate Mortgage (ARM)
A variable rate loan generally starts with a lower interest rate that is fixed for an initial period, typically lasting 3, 5, or 7 years. This introductory phase allows borrowers to enjoy reduced monthly payments compared to traditional fixed-rate loans. After the initial period, the interest rate will adjust annually based on changes in the Wall Street prime rate. This loan is beneficial when interest rates are high, offering lower initial rates.
Refinancing Loan
Often referred to as a 'refi', refinancing is the process of revising or replacing an existing loan obligation, typically a mortgage or another type of secured loan.
Borrowers can choose to refinance for various reasons, such as lowering interest rates, reducing monthly payments, or accessing cash built up in the equity of their property.
AB Community Homeownership Initiatives
Artisans’ Bank proudly provides essential solutions for moderate-income and first-time homebuyers, including affordable mortgages, settlement assistance, valuable resources, and expertise. We are partnering with government agencies and have created an in-house grant program to provide extensive loan solutions.
Jumbo Loans
For borrowers looking to secure financing beyond the standard conforming loan limits, there is an opportunity to obtain loans of up to $2 million. This option is particularly beneficial for those purchasing high-value properties or requiring substantial funding for unique financial needs.
Construction Loans
Bring your dream home to life with our tailored construction loans, designed specifically to meet your needs. Whether you're looking to build a brand-new home from the ground up or undertake a major renovation of your existing property, our financing options can help make that vision a reality.
Building partnerships that last a lifetime.
We offer a variety of business services along with knowledgeable personnel to help both small and large businesses succeed in Delaware.