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 estimate your monthly mortgage payment.
Simply enter your loan amount, interest rate, and loan term to calculate your potential payment. This tool helps you understand your financial commitment and plan with confidence.You are about to leave Salem Five’s website and enter a third-party site operated by Fintactix.com. Please note that Fintactix.com may have a privacy policy and security practices that differ from those of Salem Five. Salem Five and its affiliates are not responsible for the content, products, services, or security of the third-party site. We encourage you to review the privacy and security policies of Fintactix.com before providing any personal information.
What's Next?Securing the lowest mortgage rate can make a significant difference in your long-term financial outlook. If you're ready to explore competitive rates, Salem Five Bank provides mortgage solutions tailored to your needs. Start your mortgage application now.
Get a Mortgage Rate Quote -
Home Affordability
Use this tool to estimate your monthly mortgage payment.
Assess your budget and financial situation to find out the price range of homes you can comfortably afford. This tool considers your income, debts, and other factors.You are about to leave Salem Five’s website and enter a third-party site operated by Fintactix.com. Please note that Fintactix.com may have a privacy policy and security practices that differ from those of Salem Five. Salem Five and its affiliates are not responsible for the content, products, services, or security of the third-party site. We encourage you to review the privacy and security policies of Fintactix.com before providing any personal information.
What's Next?Securing the lowest mortgage rate can make a significant difference in your long-term financial outlook. If you're ready to explore competitive rates, Salem Five Bank provides mortgage solutions tailored to your needs. Start your mortgage application now.
Get a Mortgage Rate Quote -
Compare Two Mortgage Loans
Use this tool to estimate between two mortgage options.
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.You are about to leave Salem Five’s website and enter a third-party site operated by Fintactix.com. Please note that Fintactix.com may have a privacy policy and security practices that differ from those of Salem Five. Salem Five and its affiliates are not responsible for the content, products, services, or security of the third-party site. We encourage you to review the privacy and security policies of Fintactix.com before providing any personal information.
What's Next?Securing the lowest mortgage rate can make a significant difference in your long-term financial outlook. If you're ready to explore competitive rates, Salem Five Bank provides mortgage solutions tailored to your needs. Start your mortgage application now.
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 ...