Living Quarters

Mortgage Lending for Veterans at Bank Five Nine

August 21, 2023

Bank Five Nine recognizes and appreciates the sacrifices made by Veterans and active service members to this country and our communities. To show our appreciation, we offer benefit programs to help this very special segment of the population with all their home buying needs.

VA Loans + Incentive

A VA loan helps Veterans, service members and eligible surviving spouses become homeowners. The benefits of using a VA home loan include no downpayment (Lenders may require downpayments for some borrowers using the VA home loan guarantee, but VA does not require a downpayment), competitively low interest rates, limited closing costs, no need for Private Mortgage Insurance, and it’s a lifetime benefit, meaning you can use the guarantee multiple times! And if that’s not enough to incentivize you to ask about the program, Bank Five Nine is offering up to $300 off closing costs when you finance your VA Home Loan through us.*

Community Heroes & Experts Program**

Available to borrowers employed in one of the Heroes or Experts categories listed below, this special purchase program offers only 1% down, up to the conventional loan limit! Additional requirements include:

  • Mortgage insurance
  • 1-unit primary residences only (no other owned property at time of closing)
  • Good credit borrowers with 740+ scores with 41% maximum debt ratio
  • Adjustable rate mortgage with competitive rates locked in for first 5 years

Heroes & Experts categories include:

  • Public or private educational institution
  • Fire Department
  • Federal, state or local government law enforcement agency
  • Medical care provider, including, but not limited to: hospitals, physicians’ offices and medical practices, inpatient and outpatient care centers and clinics, assisted living facilities, skilled nursing facilities, home health agencies
  • Nurses (all designations, including a Certified Nursing Assistant (CNA))
  • Emergency Medical Technicians (EMTs) and Paramedics
  • Active or former military personnel
  • Certified Public Accountants (CPAs)
  • Chartered Financial Analysts (CFAs)
  • PhDs
  • Architects
  • Certified Mortgage Bankers (CMBs)
  • Actuaries (with the certain designations)

If you’d like additional information about either of these programs or how Bank Five Nine can help, talk to a mortgage lender today!

*Borrower must meet U.S. Department of Veterans Affairs requirements to be considered for a VA Home Loan. Offer applicable for fixed rate first lien, 1-4 family real estate mortgage loans. Up to $300 off closing costs offer includes payment of customary borrower closing costs, at time of closing with Bank Five Nine. Available on all qualified purchases. This offer does not guarantee loan approval. Offer subject to loan approval. Not redeemable for cash. Loan rates and terms subject to credit history and other underwriting factors. Offer not valid for construction loans, lot loans, refinancing, or home equity lines of credit (HELOC).

**Interest rates are tied to an index and adjusted at regular intervals. After the initial period of 5 years, the interest rate will adjust every 1 year(s) and equal the total of the 1 Year UST CM plus a margin of 2.75%. The interest rate may increase or decrease. Wisconsin properties only. Mortgage product displayed subject to change and availability. This is not an offer of credit or commitment to lend. Loans are subject to buyer/property qualification and approved credit.

You Might Also Like: