Our Mortgage Loan Department is staffed with experienced and competent officers who are ready to help
you get into your first - or your next home! Malvern National Bank is committed to helping you find
the right mortgage product for your needs. We understand that every borrower is different, and we offer
a variety of products to meet your individual requirements. We make the process of securing a mortgage
simple and straightforward by offering you the latest in financial tools that enable you to make sound financial choices.
- Extremely competitive rates
- 10, 15, 20, and 30 year fixed rate mortgages
- VA, FHA, and conventional sources of financing
- Fast Service
- No down payment, 100% financing available to qualified buyers
Contact the branch office location nearest you for more information on our mortgage financing. Click here for branch locations.
You can begin the pre-approval process FREE online, by completing Malvern National Bank's short
Pre-Approval internet-secure request form -
click here to begin.
It does not obligate you in any way to MNB. It is not a loan application.
Your credit will not be checked. When you're finished completing the form, just click "submit". We will be advised
your form has arrived and one of our mortgage loan officers will contact you at a convenient time to discuss your mortgage needs.
It is that simple.
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Adjustable Rate Mortgage Loans |
Adjustable Rate Mortgage or A.R.M. Loans, as opposed to conventional mortgages, offer
fixed rates for a shorter period of time. Malvern National Bank's fixed rate period on A.R.M.s range from 1 to 5 years.
After the fixed rate expires, the rate then can and most likely will, adjust at annual intervals for the remaining life of the loan.
As an example, the 5-year A.R.M. has a guaranteed or fixed rate for the first 5 years. At the end of that time the rate can adjust once
each year for the remaining term of the loan. The payments are recalculated annually on the remaining balance. The disadvantage of the
A.R.M. vs. a conventional mortgage is the possibility for substantially higher payments if the rates increase.
Contact the branch office location nearest you for more information on our mortgage financing. Click here for branch locations.
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Varied Term Real Estate Loans |
Varied Term Real Estate Loans are balloon notes, amortized over several years and available with
shorter-term balloon repayments. These notes are for people who do not wish to lock into a specific rate for a long period of time.
These notes also carry lower closing costs than a standard long-term mortgage.
Contact the branch office location nearest you for more information on our mortgage financing. Click here for branch locations.
Construction Loans provide the funds for the construction of single and multi-family dwellings.
These loans are usually set for the expected duration of the construction period. An amount is approved by Malvern National Bank prior
to the start of construction. It is based on an appraisal of the construction site's market value and the estimated retail value
of the property upon completion of the work. As the funds are needed, they can be advanced and payments are made upon accrued interest.
The principal and remaining interest become due as agreed at approval.
Contact the branch office location nearest you for more information on our mortgage financing. Click here for branch locations.
