Personal Loans
Merit Bank invites you to talk with us today about any of our consumer loan options. You will work with a local lender where decisions are made here in North Alabama.
Home Equity Line of Credit
Use the equity in your home to finance your upcoming major expenses, such as home remodeling, consolidating debts or college expenses. We offer competitive rates with flexible terms to meet your needs.
Our home equity line of credit provides you with a revolving line of credit. You can borrow the funds when you need it within your credit limit. It features flexible payments of interest only monthly, only on the amount you have borrowed. The interest rate is variable and the draw term is up to 10 years.
Portfolio Mortgage
Financing for your home with flexible terms and underwriting criteria, potentially making it a better option for borrowers with non-traditional financial profiles or unique circumstances. Our mortgage division also offers traditional long term low rate home mortgage financing.
Bridge Loan FinancingShort term financing up to 24 months that is used to bridge the gap between buying a new home and selling your current one. It can provide immediate financing to cover the down payment and closing costs on a new home while the previous home is sold. Loan amounts are determined by the equity in your current home.