Mortgage Loans

You're excited about finding the perfect home. We're thrilled to help make your dream come true. At North Salem State Bank, our friendly lending team is ready to walk you through our mortgage options¹ and help you choose the one that keeps you feeling good for years to come. We offer affordable rates on:

• Fixed-rate mortgages: Choose terms of 15, 20 or 30 years, and enjoy the security of knowing that your rate and monthly payments will never go up.
• Adjustable-rate mortgages: Benefit from a lower rate for the first few years, helping you save money for remodeling, furnishings or other expenses. When the introductory period ends, your rate may be adjusted periodically.
  
• FHA Loans: This government-sponsored program offers down payments as low as 3.5% and lets you qualify with a less-than-perfect credit score.
  
• VA Loans: Active-duty military personnel, veterans, reservists and some military spouses can qualify for loans that require no money down and no private mortgage insurance.
  
• Investment Real Estate: Looking to purchase an income-producing property in Central Indiana? We offer a variety of loans for single- and multi-unit dwellings.
  
• Condominium Loans: Condos are a better fit than single-family homes for people with certain lifestyles. We offer affordable condo loans with flexible terms to suit your financial needs.