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Home Mortgages

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Whether you’re purchasing an existing home, refinancing or planning to build your new home,  Merchants Bank offers a variety of products to suit your needs.
Fixed Rate Mortgages
With the uncertainty of interest rates, a fixed rate loan may be your best option to secure a lower rate throughout the term of the mortgage. We offer flexible terms to meet your needs.
Adjustable Rate Mortgages (ARMs)
An ARM is a great alternative for the short term borrower who doesn’t plan on staying long in a property. These products offer lower monthly payments and programs with different fixed rate periods.
Construction to Permanent Mortgages
Building your dream home? Do it with our “One Time Close” construction loan. As your home is being built, you pay interest only on the outstanding loan amount. Once you move into your new home, your loan automatically converts to a permanent mortgage.
FHA Mortgages
An FHA mortgage is a loan insured by the Federal Housing Association. These loans feature a low down payment and more flexible qualification requirements.
Investment Property Mortgages
We offer programs for 1 – 4 family owned and non-owner occupied investment properties as a great way to expand your real estate portfolio. Fixed and variable rate options are available.
Jumbo Mortgages
For the borrower requiring a loan greater than $453,100, we offer fixed and variable rates on our jumbo mortgages.
Manufactured Home Mortgages
Manufactured homes may be an appealing affordable home solution for you. Fixed and variable rate options are available.
Second/Vacation Home Mortgages
Considering the purchase of a second or vacation home? We offer Fixed and ARM programs and will finance up to 90% of the purchase price.
USDA Mortgages
A USDA mortgage is backed by the USDA Rural Development Housing Loan program. These loans feature flexible guidelines and allow up 100% financing for qualified applicants. Eligibility is based on the property location and income guidelines.
VA Mortgages
As a member of the service, you or a surviving spouse are eligible for a VA mortgage guaranteed by the U.S. Department of Veterans Affairs. The program allows for financing up to 100% of the purchase price. Reservists may also be eligible.

Merchants Bank participates in Northampton County’s First Homebuyer’s Program, which is household income driven and offers up to $5,000 towards closing costs.

Get Pre-qualified Today!

Michael G. Boulos
Michael G. Boulos
VP, Mortgage Loan Officer
NMLS# 572101
Mobile – 610-509-4577
Office – 610-253-5117