Mortgage Specials to Help You MOVE Right In!
If you have been waiting for the “right time” to buy, build, refinance, or renovate your home, we can help you get started today!
Mercantile Bank has been serving our communities for generations, and we would love to show you why we're known as our region's Leading Mortgage Lender.
Visit with us today to find out if you're eligible for exclusive, limited- time offers (click each link below for additional offer details and contact us today to learn more):
Looking to renovate, take a vacation, or consolidate bills? Ask us about our Home Equity Line of Credit Special featuring a low introductory rate with no closing costs*!
*This Home Equity Line of Credit offer is subject to credit approval and valid for applications received through June 30, 2022. Property, title and flood insurance, if applicable, are required. Estimated closing costs range from $100.00-$200.00, but will be waived if you apply by June 30, 2022. If a recent appraisal has not been completed by UCB, an appraisal fee up to $500 may be applicable and not included in fees that may be waived. An annual fee of $24.00 will be assessed after the first year. Consult a tax advisor for tax deductibility. The introductory Annual Percentage Rate (APR) of 3.99% is based on a $30,000.00 loan amount that will remain fixed for six months and will vary thereafter. The variable APR will be indexed to the Prime Rate as published in the Wall Street Journal (currently 3.25% as of 11/5/21) plus a margin of 1% and is subject to change monthly on the anniversary of the account. The current non-introductory APR based on the current index would be 4.25%. Pricing will not exceed a rate cap of 18% nor will it go below a rate floor of 4.25%.
Ready to Build? Check out our Construction Loan Special!
5.166% APR* (Annual Percentage Rate) for 9 Months
3.99% Interest Rate for 9 Months
*This Construction Loan offer is subject to credit approval and valid for applications received through June 30, 2022. The 5.166% Annual Percentage Rate (APR) is for customers who commit to refinancing the construction loan into permanent financing with UCB, have a UCB checking account, and is based on a $400,000.00 loan amount. Amount financed not to exceed LTV ratio of the lesser of 80% of appraised value or 100% of cost. Borrowers may be asked to pay other third party fees associated with the construction loan as applicable: appraisal fee, flood determination fee, credit report fee, title insurance, courier fee, hazard insurance, county recording fee, progressive inspection fee, construction escrow account fee and standard UCB construction loan cost. A construction loan is 9-month interim financing used to finance the building process of residential properties only. Interest payments may be due during the interim financing period; however, principal and interest are due at loan maturity. When your home is approximately 30 days from completion, contact your construction loan officer about your permanent financing options. Extension or renewal rates may vary thereafter.
Please call or better yet, stop by any of our locations at your convenience. We look forward to the opportunity to be your mortgage lender and hope to see you soon!