Local Mortgage Lenders vs Online Lenders
Posted On: March 17, 2025 by Prevail Bank in: Home Loans
In today’s digital world, we can do just about everything online—grocery shopping, ordering takeout, even buying a car. And yes, getting a mortgage, too. But when it comes to something as big as buying a home, is online really the best way to go?
At Prevail Bank, we believe there’s something invaluable about working with a local mortgage lender—someone who knows you, your community, and is there when you need them. We believe in the value of real...
Finding the Right Home Loan: FHA, USDA, VA, or Conventional?
Posted On: February 7, 2025 by Prevail Bank in: Home Loans
Buying a home is an exciting milestone, but the variety of loan options can feel overwhelming. Let’s break down the differences between FHA, USDA, VA, and conventional home loans to help you decide which might be the best fit for you.
FHA Loans What are they?Backed by the Federal Housing Administration, FHA loans are designed for buyers with moderate incomes or less-than-perfect credit.
Benefits: Low down payments (as low as 3.5%). Flexible...