Your Money Friends at Franklin Savings offers a wide variety of loan programs to fit your needs:

Fixed Rate Mortgages – The interest rate and payment (does not include escrow) remain the same for the life of the loan. A variety of fixed rate terms are available.

Adjustable Rate Mortgages (ARMS) - If you are looking to move or have other short term plans, an ARM may be for you. Low interest rate and low monthly payments (1,2,3,5,and 7 year terms are available).

Construction/Lot Loans - Keep payments down during the construction with interest only payments on the amount used. Avoid a lot of unnecessary cost and close once for the construction and end loan.

First Time Home Buyer Program – Welcome Home Program available through the Federal Home Loan Bank of Cincinnati. This program helps qualified individuals with down payment and closing cost assistance.

100% Financing – Borrow up to 100% of the purchase price with PMI.

Home Equity Line Of Credit – Use the equity in your house for any purpose. Perhaps for home improvement, debt consolidation, dream vacation, or education. Interest on the loan may be tax-deductible (Please consult your tax advisor).

Fixed Rate Home Equity Loan - An installment loan with a fixed monthly payment, secured by equity in your home. Interest paid may be tax-deductible, please consult your tax advisor.

Interest Only Loans - Keep payments down on your first mortgage (ARMS)

Balloon Mortgages -Principal and interest payments for 5 or 7 years. Then pay the remaining principal in a lump sum.

Other Loan Options

• You can borrow up to 85% of the purchase price or appraised value on an owner-occupied home without paying private mortgage insurance
• Loans are available up to 100% of purchase price with private mortgage insurance
• Fixed rate or adjustable rate mortgages are available on income producing properties
• If haven't sold your current home and are building or purchasing a new home a Bridge Loan may be what you are looking for

Franklin Savings also offers consumer loans. We can help you buy a car, improve your home, or pay tuition. Click here to learn more.