Financing Options
- Conventional Purchase
- Primary Residence
- Second Home
- Investment Home
- Conventional Refinance
- Primary Residence
- Second Home
- Investment Home
- Fixed Rate/Long Term Mortgages
- Our Fixed Rate Loans offer you peace of mind, knowing your monthly principal and interest payment will never change. All of our loans have fixed rates and no pre-payment penalties. This security ensures your trust in Wakulla Bank
- 100% Financing Programs
- USDA RD
- The USDA Rural Development Housing Program allows for our customers to receive 100% financing on their new home purchase. The loan amount is based on the appraised value, which means if the home appraises for more than your purchase price you may be able to roll all fees and even repairs into the financing.
- These are a 30 Year Fixed Rate Loan
- No Mortgage Insurance is required
- No Loan Limit
- Income Limits to Qualify
- Construction to Permanent Financing
- During the construction period your loan is housed here at Wakulla Bank and the draws are overseen by your local loan officer.
- Once construction is complete we place your loan on the secondary market and give you the fixed rate, long term financing.
- We allow for Owner/Builder homes as well as homes being constructed with a Licensed Contractor.
- Construction Loans are designed with a 1 year term for construction and the final loan can amortize for up to 30 years.
