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Since 1888, NewportFed has been a steady and resourceful partner for thousands of area residents. After all, we live and work here also, which strengthens our commitment to helping our neighbors. Our team of Mortgage Specialists are well prepared to find you the best mortgage. And, in today's complex market, that personal attention can be key to saving you money. Click here for the
Mortgage Loan Originator NLMS List.
Adjustable Rate Mortgages
Featuring:
• Competitive rates
• Available for owner occupied 1 - 4 family homes, second homes and investment property
• No point options available
• Initial rate adjustment period options of 1,3 or 5 years with annual rate adjustments thereafter
• Maximum adjustment of 2% per rate review and 6% over the life of the loan
• Rate lock option available
Fixed Rate Mortgages
Featuring:
• Competitive rates
• Available for owner occupied 1 - 4 family homes, second homes and investment property
• No point options available
• Rate lock option available
Construction Loans
Our Permanent Construction Loan Is Just The Thing To Get You Started.
Our single closing Fixed Rate construction loan will save you time and money. With just one closing you will get a six month interest only construction loan that converts to a conventional loan in month seven. Plus you can lock in today's low loan rates for the entire term of the loan.
With a hassle free construction loan from NewportFed, the only thing you'll have left to worry about is how soon you can break ground. Apply at any of our six convenient locations.
Mortgage Specials
With your submission of a personal financial statement, recent pay-stubs, past two years tax returns and/or W-2 forms, and recent depository statements, NewportFed will review your credit and provide you with an estimate of how much of a mortgage and/or house you can afford. The cost of the credit report is $14.25 per applicant.
You may also elect to receive a pre-approval. To do so, NewportFed will ask you to submit a full mortgage application, the credit report fee, and various supporting documents. We will then provide you with a formal commitment to borrow funds, subject to completion of a satisfactory appraisal.
If your credit is less then perfect, NewportFed may still be able to help you afford the home of your dreams or even refinance and restructure debt you already have. Please call our Mortgage Department to discuss your particulars.
More information on any of our products and services can be requested through e-mail (warning: do not send confidential information via email) or by calling us at (401) 847-5500.
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