Loans

Loan Types

Despite what you may have heard on the news, banks do have money to lend to qualified customers. If you’re looking for financing for a car, boat, home or business, one of our loan officers would be happy to talk to you. Just call to make an appointment at either of our locations.

Installment Loans | Mortgage Loans | Home Equity Loans | Commercial Loans


Installment Loans Home National Bank uses a unique, risk-based pricing index to determine the rate you will receive on your installment loan. The rate is determined by your credit beacon score, your debt to income ratio and the loan to value of the asset used as collateral. Loan applicants must meet qualifications.  Automobile Loans – Competitve terms and rates to those who qualify. Certificate of Deposit Loans – Borrow at a rate above your CD rate for a term equal to your CD to avoid paying early withdrawal penalty. You will also retain your deposit investment. Unsecured Loans – Unsecured loans range from one to four years.


MortgagesHome National Bank uses a unique, risk-based pricing index to determine the rate you will receive on your mortgage loan. The rate is determined by your credit beacon score, your debt to income ratio, and the loan to value ratio for the property. Mortgage loans are available to qualified customers only.

  • Our rates are compeitive with published market rates.
  • Mortgage terms are flexible to fit your needs.
  • For qualified applicants, we have the ability to service mortgage loans for a more personal experience.

Besides conventional mortgage loans, we also offer FHA, VA, USDA, and Jumbo mortgages. We offer escrow on mortgage loans for qualified applicants.


Home Equity Loans Qualified customers can use the equity in their home as power to purchase by opening a EZ Home Equity Line of Credit. Some of the great features of this type of loan are:

  • Lines of credit are based on the appraised and equity value of your home.
  • Different payment options available to qualified borrowers.
  • Annual fee waived for the first year.
  • Competitive interest rates to qualified borrowers.
  • Option to convert the outstanding balance to a fixed rate of interest anytime during the first 10 years.

The line is open for 10 years, then the outstanding the balance is converted to a 10 year amortization loan. A flat prepayment fee of $250 will be assessed if closed in the first two years.


Commercial Loans We will work with qualified applicants to set up the type of loan you need to help you meet your business goals. Contact one of our loan officers to set up an appointment to discuss your business financing needs. Business Term Loans – Home National Bank provides commercial term loans to help finance machinery, equipment, real estate and more. We will work with you to customize the terms of the loans to help you accomplish your goals. Business Lines of Credit – Revolving lines of credit for use as working capital are available from Home National Bank to ensure you always have the funds you need to make the right business decisions. Real Estate Financing – Home National Bank provides construction lending as well as purchase financing and refinancing. Agricultural and Farm Lending – Home National Bank provides both term loan financing and lines of credit specifically designed for our agricultural customers. Automobile Financing – Competitve terms and rates to those who qualify.

Mortgage Rates

Effective as of February 20, 2019

 

Product Term Interest Rate APR*
Conventional – FHLBI 15 Years 4.500% 4.588%
30 Years 4.750% 4.801%
Conventional – TIB 15 Years 4.000% 4.148%
30 Years 4.375% 4.460%
FHA 15 Years 4.250% 4.375%
30 Years 4.000% 4.070%
USDA 30 Years 4.125% 4.273%
Conventional – HNB 15 Years 5.375% 5.460%
30 Years 5.875% 5.926%

* APR (Annual Percentage Rate) – The APRs shown are based on a $150,000 loan with applicable down payment, loan to value, and fees per loan type. Rates shown are also subject to credit score qualifications.

Interest rates are subject to change at any time and may be subject to additional fees, including delivery fees, depending on the loan program selected, loan to value, credit history, and additional underwriting characteristics.

Other terms are available. Contact us for a rate quote.