Security Center Alerts
Getting the Lowest Mortgage Rate
Mortgage rates have surged in recent years, making affordability a challenge for homebuyers ...
Construction Loans
Build or remodel your dream home
If you’re planning to build a new home or renovate your existing home, come talk with your community bank. Salem Five’s local real estate development professionals are uniquely qualified to offer you the right mortgage loan plus sound advice on site selection, house design, local builders and management of the construction process. We've helped thousands of homeowners through this process, and we take pride in our knowledge, products, and commitment to customer service. We can help you with:
- Construction to Permanent Loans, with one-step permanent loan financing and attractive fixed and variable rate options
- Home Renovation Loans including a wide array of programs
- Modular Home Loans, a specialized loan program for the construction of modular homes
Helpful Calculators
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Calculate a Mortgage Payment
Use this tool to calculate your potential monthly mortgage payment by entering your loan amount, interest rate, and term. This tool helps you understand your financial commitment and plan accordingly.
Fintactix Logo External Link DisclaimerBy clicking the fintactix logo, you will be leaving salemfive.com and be taken to another website where the privacy and security policies may differ from our site. Salem Five Bank provides third party links for your convenience. Salem Five Bank is not responsible for the products, services, content, privacy policy, and security policy on third party websites.Start Your Mortgage Application Now -
Home Affordability
Assess your budget and financial situation to determine the price range of homes you can comfortably afford. This tool considers your income, debts, and other factors. Read our helpful home affordability guide to learn more about how lenders determine how much you can afford and other costs to consider.Fintactix Logo External Link DisclaimerBy clicking the fintactix logo, you will be leaving salemfive.com and be taken to another website where the privacy and security policies may differ from our site.Salem Five Bank provides third party links for your convenience. Salem Five Bank is not responsible for the products, services, content, privacy policy, and security policy on third party websites.Get a Mortgage Rate Quote -
Compare Two Mortgage Loans
Analyze the differences between two mortgage options to find the best fit for your financial situation. This tool compares interest rates, terms, and monthly payments to help you make an informed choice.Fintactix Logo External Link DisclaimerBy clicking the fintactix logo, you will be leaving salemfive.com and be taken to another website where the privacy and security policies may differ from our site.Salem Five Bank provides third party links for your convenience. Salem Five Bank is not responsible for the products, services, content, privacy policy, and security policy on third party websites.Contact a Salem Five Loan Officer
Articles of Interest
Understanding VA Loans
VA loans are issued by private lenders but guaranteed by the U.S. Department of Veterans Affairs (VA). They are available to active-duty service members, eligible veterans, and ...
What Is a Jumbo Loan?
Jumbo loans, or jumbo mortgages, are designed for financing properties that exceed the loan limits set by the Federal Housing Finance Agency (FHFA) for conventional mortgages ...