Buying, Building or Refinancing Your Home?
Whether you are purchasing your first home or refinancing your current home, shopping for a mortgage is one of the most important steps you’ll take. As you consider different home loans, you want a mortgage lender who takes the time to listen and work one-on-one with you throughout the process. You want the best mortgage rates possible and the best loan for your financial circumstances. We live and work in your community and are ready to listen to your needs. We are committed to making your mortgage experience as simple as possible. We are dedicated to ensuring your closing is a success and that you are matched with a mortgage that best fits you.
Ready to get
pre-qualified?
Mortgage Products from Merit Bank
- Conventional fixed-rate loans are available for purchases and refinancing. The most common loan type, a fixed rate mortgage, features an interest rate that remains the same for the life of the loan for consistent and predictable monthly payments.
- Adjustable-rate loans for purchase and refinancing. With these loans the interest rate may change periodically and monthly payments can increase or decrease based on interest rates.
- Government-guaranteed loans for purchase or refinance. These include loans from FHA (Federal Housing Administration), USDA (United States Department of Agriculture), and VA (Veterans Administration) loans.
- First Time Homebuyer Program.
- Jumbo loans for purchase or refinancing homes with higher loan amounts.
- The HomeReady® loan is a new program from Fannie Mae that assists homebuyers by providing expanded eligibility guidelines.
2025 Homeownership Programs
Merit Bank’s Partnership with the Federal Home Loan Bank of Atlanta
| FIRST TIME HOMEBUYER | COMMUNITY PARTNERS | WORKFORCE PLUS |
|---|---|---|
Grants up to $17,500 in down payment | Grants up to $20,000 for individuals in vital community roles such as current or retired law enforcement officers, educators, healthcare workers, firefighters, first responders, veterans and active-duty military (or their surviving spouse). | Grants up to $15,000 in down payment and closing cost assistance for middle-income households. |
Key Eligibility Requirements: First-time homebuyers whose household income must be at or below 80% of the area median income. | Key Eligibility Requirements: First-time and repeat homebuyers with household incomes at or below 80% of the area median income. | Key Eligibility Requirement: You may qualify if your household income falls between 80.01% and 120% of the area median income. |
5-year homebuyer retention period. | 5-year homebuyer retention period. | No first-time homebuyer restriction: |
TO PARTICIPATE IN ANY OF THESE PROGRAMS, HOMEBUYERS MUST:
Use the property as their primary residence
Complete an approved homebuyer education program before closing
THESE GRANTS ARE A FIRST-COME, FIRST SERVED OPPORTUNITY, AND FUNDS ARE LIMITED.
CONTACT US TODAY TO SECURE FUNDING!
Ready to Get Started?
A great way to begin the process is to get pre-qualified so you know how much you can afford. The Merit Bank lending team wants to help.