Mortgage Loans

Long Reach holds the key to all of your mortgage needs!

If you are interested in purchasing a new home or refinancing, we can help. We have a variety of first mortgage rates and terms available, including both fixed and adjustable rate loans.

  • Adjustable Rate

  • Fixed Rate

  • Home Equity Loan

  • Home Equity Line of Credit

  • Property Loan

  • Construction Loan


Mortgage FAQs

What is an Adjustable Rate Mortgage (ARM)?
An Adjustable Rate Mortgage, called an ARM for short, is a mortgage with an interest rate that is linked to an index. The interest rate, and your payments, are periodically adjusted up or down as the index changes. Our ARM provides an initial fixed rate for a period of time and adjusts periodically thereafter.

What is a Fixed Rate Mortgage?
A Fixed Rate Mortgage is a mortgage with an interest rate that does not change over the life of the loan. The advantage of this type of loan is that your monthly principal and interest payments will not change. Fixed-rate mortgages are the most common mortgage for first-time home buyers because they're stable - allowing for predictability in your monthly housing costs.

What is a Home Equity Loan?
Home equity loans are a lot like personal loans. Just as you might use your car as collateral for a personal loan, your home is your collateral with a home equity loan. Make your equity work for you! Home equity loans are a great way to pay for college, consolidate bills, home improvements or take your dream vacation.

What is a Home Equity Line of Credit (HELOC)?
Just like a home equity loan, a HELOC depends on how much equity you've built up in your home. Instead of receiving one large loan, you get a line of credit — a set amount from which you can regularly withdraw funds. Our Home Equity Line of Credit allows you to advance funds when needed without the hassle of applying for another loan. The advantage of this type of product is that you only pay on it as you use it!

What is a Property Loan?
Found the perfect plot of land to build your dream home, retirement cottage or hunting cabin in years to come? Or hoping to purchase land as an investment? We offer property loans with a fixed interest rate. This is perfect if you want to eventually build your dream home or just use your land for recreational purposes!

What is a Construction Loan?
Let us help you build your dream home! Building a new home is exciting and overwhelming. We want to help ease the stress for our members. Our staff will guide you along the way. We offer construction loans with a one-time closing process which smoothly transitions over to permanent financing.


Please contact John or Chris for more details at (304) 758-4308.