Why choose Enterprise Bank?
Enterprise Bank is your local Omaha expert in mortgage loans. We have a strong reputation for being passionate about helping our clients and community. Let Enterprise Bank be your first choice in home lending. With our home mortgage service you will get:
For more information on how our services can work for you call one of our mortgage specialists at (402)392-0400, come in or apply online. We look forward to working with you.
Types of Loans offered with Enterprise Bank
Fixed Rate Mortgage
The traditional fixed rate mortgage has a constant interest rate and monthly payments that never change. When interest rates are low, fixed rate loans are generally not much more expensive that adjustable rate mortgages and may be a better choice because your rate remains the same for the life of your loan.
ARM (3/1 ARM, 5/1 ARM, 7/1 ARM)
These loans offer the best of both worlds: lower interest rates and a fixed payment for a set length of time. For example, a 5/1 ARM has a fixed interest rate and monthly payment for the first five years and then turns into a traditional adjustable rate loan, changing the rate and payment every year for the next 25 years based on each year’s then current rates. This loan is a good choice for people who expect to move or refinance before or just shortly after the adjustments begin to occur.
An FHA mortgage is one that is insured by the Federal Housing Administration (FHA). These loans require consumers to pay monthly mortgage insurance to the Department of Housing and Urban Development (HUD) but do offer the opportunity to purchase a new home with as little as a 3.5% down payment.
Like FHA loans, VA loans are also insured by the government. The Veteran’s Administration insures up to 100% financing to members of the armed services, both active and non-active. These loans do not require a monthly mortgage insurance premium but instead have an upfront initial funding fee that can be financed into the loan.
Construction loans are temporary, short term loans used to pay for the building of a new home. They usually have a term of approximately one year and are expected to be refinanced into permanent financing once the home is completed.
A bridge loan is a short-term loan taken out against equity in the consumer’s current home to assist in the purchase of a new property. It is then paid off with the proceeds of the current home once it is sold.
Click the Apply Now button to start your loan application. As you complete the application, please use your best estimate if information is not available.
Once received, your loan officer will contact you to help you select the best program and interest rate for you. They will also guide you thru what you can expect with the loan process, set a time to meet to collect documentation and go over your initial loan disclosures. If an in person meeting is not possible or if online is better for you, we have options for that as well.
Typical initial documentation includes:
Apply Now or call on of our mortgage specialists at (402) 392-0400.
Home Purchase Basics
Congratulations on your decision to buy a new home! There are many important details to consider throughout the home buying process, especially if you are a first-time homebuyer. We are happy to provide you with some home buying tips to make this process easier.
A home purchase is likely your largest financial transaction to date, so it’s important to make smart decisions and to keep an eye on the details. With the assistance of your Real Estate Agent and Loan Officer, your home buying experience can be efficient, pleasant and ultimately rewarding.
Count on your Real Estate Agent to:
Count on your Loan Officer to:
Count on yourself to: