Building Equity in Your Home
If you own a home, the mortgage payments you make each month could help you build a substantial asset - home equity. The home equity you build represents how much ...
VA Mortgage
We’re proud to honor your service
A VA mortgage provides home financing guaranteed by the U.S. Department of Veteran Affairs for qualified veterans, reservists, active duty personnel, or eligible family members. Low down payment options are available. As an active duty or veteran member of the armed forces, you’ll need to show a copy of your DD-214 or current military ID, or a Salem Five loan officer can help obtain your DD-214 for you.
- Flexible income, debt, and credit requirements
- Private mortgage insurance is not required
- Available in a variety of fixed rate and adjustable rate loan options
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Other Articles of Interest
Down Payment Strategies for First-Time Home Buyers
The idea of buying a first home is exciting. Coming up with a sizeable down payment, however, can feel like an insurmountable task. That is especially true ...
Buying a Vacation Home
It is something many families dream of: Owning a small cottage by the lake, a cabin in the mountains, or ...
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Los Documentos y formularios que prevemos para abrir y mantener su cuenta, Con Salem Five, son proporcionados en inglés.