Real Estate

Explore Our Comprehensive Real Estate Loan Solutions

At Bank of Vernon, we offer diverse personal real estate loans to meet your unique needs. We have tailored our loans with flexibility and the support you need, whether building your dream home, refinancing your current mortgage, or tapping into your home's equity.

Single Family Primary Residence Loans Options

Construction

Unlock your construction project's potential with competitive rates, flexible payments, local expertise, and convenient online management for seamless progress.

Permanent Financing

Choose permanent financing with competitive rates, flexible terms, fixed rates, affordable closing costs, and local expertise for a seamless homeownership experience.

Refinancing

Refinance your home with competitive rates, flexible terms, fixed rates, affordable closing costs, and local expertise for a stress-free experience.

Home Equity

Access a home equity loan with competitive rates, flexible terms, fixed rates, affordable closing costs, and personalized local decision-making for financial success.

Home Equity Line of Credit

Access a Home Equity Line of Credit with a 10-year draw period, variable rates, affordable closing costs, and personalized local expertise.

Land

Secure a Land Loan with competitive rates, flexible terms, fixed rates, and local expertise, offering affordable closing costs and convenient management.

Bank of Vernon is a full-service Community Development Financial Institution with locations in Mississippi and Alabama.

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Financial Literacy Center

Key Features of Our Construction Loans:

Local Expertise: Our dedicated team focuses on your project's success. Benefit from our local decision-making, processing, and servicing, ensuring personalized and efficient support throughout your project.
Competitive Rates: We designed our competitive interest rates to help you manage your budget effectively, giving you a sense of financial security and control.
Interest-Only Draw Period: Use a 12-month interest-only draw period, during which payments are based solely on the amount drawn, to make your initial costs more manageable.
Flexible Payments: Payments are interest-only on the amount drawn, providing financial flexibility during construction.
Convenient Payments: Set up auto payments through AFT/ACH, simplifying loan management.
No Prepayment Penalty: You can pay off your loan early without incurring additional fees, giving you more control over your finances.
Interest Rate Discount: Take advantage of discounts for a higher credit score, potentially lowering your overall borrowing costs.
Affordable Closing Costs: Our lower closing costs allow you to keep more funds available for your project, giving you a sense of financial relief and confidence.
Online/Mobile Banking: Manage your loan quickly and securely through our online and mobile banking platforms, available 24/7. This convenience is another way we support you in bringing your vision to life.

With a construction loan from Bank of Vernon, you get the financial support and flexibility needed to bring your vision to life. Contact us today to learn more about how our construction loans can help you build your dream home or complete your renovation project efficiently and affordably.

Why Choose Bank Permanent Financing?

Local Expertise: Benefit from personalized service with local decision-making, processing, and servicing tailored to your needs.
Competitive Rates: Enjoy some of the most competitive rates in the market, making your home financing more affordable.
Flexible Terms: Take advantage of longer-term amortizations, providing you with manageable monthly payments and financial stability.
Fixed Rate: Lock in a fixed rate to ensure consistent monthly payments and protection from fluctuations.
Tiered Closing Costs: Our tiered closing cost structure, based on the loan amount, not a percentage, can significantly reduce your upfront expenses. This means you can save more when you choose Bank of Vernon for your home financing needs.
Affordable Closing Costs: At Bank of Vernon, we understand the value of your hard-earned money. That's why we offer affordable closing costs, ensuring that you can keep more of your funds where they belong—invested in your home, with the peace of mind that your investment is secure.
Convenient Payments: Simplify your loan management with our AFT/ACH auto payments and comprehensive online/mobile banking platform. This convenience lets you control your finances, making your home financing journey smoother and more manageable.
No Prepayment Penalty: At Bank of Vernon, we believe in empowering our customers. That's why we allow you to pay off your loan early without any penalties, giving you the flexibility to manage your finances as needed. Interest Rate Discount: Benefit from lower rates with a higher credit score, reducing overall borrowing costs.
Tax Benefits: Interest on your home loan could be tax-deductible, providing additional financial benefits. These benefits are just one of the ways Bank of Vernon helps you make the most of your home financing.

With Permanent Financing from Bank of Vernon, you get a reliable partner committed to helping you achieve homeownership quickly and efficiently. Contact us today to explore how our financing options can work for you and take the next step toward securing your home with confidence.

Your Best Choice for Home Refinance

Local Expertise: Our team's extensive knowledge and experience ensure that you can trust our local decision-making, processing, and servicing. We provide personalized support to guide you through every step of the refinancing process, ensuring you feel confident and secure in your decision.
Competitive Rates: Access some of the most competitive rates, helping you reduce your overall borrowing costs.
Flexible Terms: Explore longer-term amortizations that may be available, allowing you to adjust your loan term to fit your financial goals.
Fixed Rate: Lock in a fixed rate to ensure stable and predictable monthly payments, protecting you from market fluctuations.
Convenient Payments: Manage your payments effortlessly with AFT/ACH auto payments and enjoy seamless account access through our online/mobile banking platforms.
Affordable Closing Costs: Our affordable closing costs are designed to minimize your upfront expenses, making you feel financially savvy and keeping more money in your pocket.
No Prepayment Penalty: With Bank of Vernon, you can pay off your loan early without incurring additional fees, giving you greater control over your finances and peace of mind.
Interest Rate Discount: If you have a higher credit score, you can benefit from lower interest rates, reducing the cost of your refinance even further.
Potential Tax Benefits: Interest on your refinanced home loan could be tax-deductible, providing additional financial advantages.

Refinancing your home with Bank of Vernon means working with a trusted partner dedicated to helping you make the most of your mortgage. Contact us today to learn how our refinancing options can help you achieve your financial objectives quickly and confidently.

Why Choose Our Home Equity Loan?

Local Decision Making: At Bank of Vernon, we value your trust and understand the importance of local decision-making, processing, and servicing. Our team is dedicated to offering personalized service and support tailored to your needs.
Competitive Rates: Benefit from competitive interest rates that help you save money over the life of your loan.
Flexible Terms: You can access longer-term amortizations if needed, giving you the flexibility to choose a repayment plan that fits your financial situation.
Fixed Rate: Secure a fixed rate for predictable monthly payments, protecting you from interest rate fluctuations.
Flexible Disbursement Options: Use your existing home equity for a lump sum or a single cash-out disbursement, depending on your needs.
First or Second Mortgages: We offer home equity loans for both first and second mortgages, providing various options for accessing your home’s equity.
Convenient Payments: Simplify your payments with AFT/ACH auto payments and manage your loan effortlessly through our online and mobile banking platforms.
Affordable Closing Costs: Enjoy affordable closing costs designed to make your borrowing experience cost-effective.
No Prepayment Penalty: Pay off your loan early without incurring extra fees, giving you more control over your financial strategy.
Interest Rate Discount: Receive an interest rate discount for a higher credit score, further reducing your borrowing costs.
Potential Tax Benefits: The interest on your home equity loan may be tax-deductible, offering additional financial advantages.

Working with the Bank of Vernon means accessing a home equity loan with tailored benefits and personalized support. Contact us today to discover how our home equity loan options can help you achieve your financial goals with confidence and ease.

Why Choose a Home Equity Line of Credit from Bank of Vernon?

With a Home Equity Line of Credit from Bank of Vernon, you can access a versatile financial tool that adapts to your needs and supports your financial goals. Contact us today to learn how our HELOC can provide you the flexibility and financial power you need.

Why Choose Bank of Vernon for Your Land Loan?

Our Land Loans offer competitive interest rates, flexible terms, and local expertise, making them a superior choice for your land purchase compared to traditional mortgages or other financing options.

At Bank of Vernon, we're committed to supporting your land acquisition. Our financing solutions are tailored to your needs and designed for ease, and our dedicated team is always here to help. Contact us today to explore how our Land Loans can help you confidently achieve your goals and invest in your future.