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Hear from Our Happy Homeowners:
"Stacey made the home loan process simple and easy. Everyone was professional with a touch of making you feel at home and comfortable." - Ann F.
"Just awesome hometown service and attention. They held my hand through the whole process and were always available for questions. I can highly and enthusiastically recommend them for all banking services, including mortgages." Sara O.
Why Choose Exchange Bank?
At Exchange Bank, your mortgage stays where it belongs—with us. We don’t just help you secure a home loan; we service our own mortgages, meaning you’ll always have a local team to turn to for support. From application to final payment, we’re here every step of the way.
✔ Local Expertise – Work with a lender who knows the community.
✔ Competitive Rates – Get great financing options tailored to your needs.
✔ Personalized Service – We’re here to answer your questions and guide you through the process.
Mortgage Solutions That Fit Your Life
Ready to Get Started?
Our team is here to help you find the right mortgage for your home. Apply online or contact us today at 478-452-4531!
What does it mean that Exchange Bank services its mortgages?
It means your mortgage stays with us for the life of the loan. Instead of selling your loan to another institution, we handle everything—from payments to customer support—right here at Exchange Bank. That means local service, personalized attention, and a team you can always count on.
How long does the mortgage process take?
The timeline can vary depending on the loan type and individual circumstances, but our team works efficiently to keep things moving. We’ll communicate with you every step of the way so you know what to expect.
What do I need before applying for a mortgage?
Before you apply, it’s helpful to have the following documents ready:
- Proof of Income – Recent pay stubs, W-2s, or tax returns.
- Employment History – A record of steady employment.
- Two Months' Bank Statements – To verify savings and down payment funds.
- Three Months' Retirement and Investment Accounts (if applicable)
We may need additional documentation, but this should be enough to get you started. Our team can help you understand exactly what’s needed based on your situation!
What credit score do I need to qualify?
Different loan programs have different credit requirements, but in general:
- A higher credit score can help you qualify for better rates.
- If you have less-than-perfect credit, we can discuss options to help you move forward.
If you’re unsure about your credit, we can help you understand where you stand and what steps to take before applying.
How much house can I afford?
The amount you qualify for depends on factors like income, credit score, debt, and down payment. A great first step is to get pre-qualified, which gives you a better idea of your home-buying budget. Check out this Mortgage Loan Calculator.
Should I refinance my mortgage?
Reasons to refinance your mortgage include:
- Lower Your Rate & Monthly Payment: If interest rates have dropped since you bought your home, refinancing could lower your monthly payment and help you build equity faster.
- Access Your Home’s Equity: If your home is worth more than you owe, you may be able to take out cash—up to 80% of your equity—to use for home improvements, debt consolidation, or other financial needs.
- Eliminate Private Mortgage Insurance (PMI): If you originally purchased your home with less than 20% down or have an FHA loan, refinancing could remove PMI if your new loan is less than 80% of your home’s value.
Our experts can help you evaluate whether refinancing makes sense.
What is an escrow account?
An escrow account helps you manage property taxes and homeowners insurance with ease. Each month, a portion of your mortgage payment is set aside in this account, ensuring these expenses are paid on time.
We handle the payments for you, so you don’t have to worry about due dates or large, unexpected bills. This way, you can focus on enjoying your home while we take care of the details.
Anyone with a mortgage through Exchange Bank can choose to have an escrow account. However, some loan programs and circumstances may require one. Talk with your lender to understand what this means for you and how it fits into your home financing plan.
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