Mortgages

Choosing a Mortgage Loan that is right for you can be a confusing process.
Let our team of experienced loan professionals find the right solution for your individual borrowing needs.

Mortgage Programs

At Fidelity Federal we offer personal loan service from origination to payoff. All loans closed locally! Our loan officers originate, underwrite and close your loan. Your conventional loan is then serviced by us until paid in full. You’ll never have to talk to a phone center about your home loan concerns.

Offering Construction Loans, USDA, FHA, VA and Conventional Loans and Down Payment Assistance programs.

Meet our Team Automatic Payments Online Mortgage Loan Application

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Mortgage Loans

Fixed Rate Mortgages

Our fixed rate first mortgage program consists of 10, 15, 20 and 30 year terms. You never have to worry about your principal and interest payment changing for the life of your loan. Escrow options are available 

 LOAN SPECIAL 7/1/2021 THRU 9/30/2021
 
Mortgage Rates as low as 2.75% / 2.82% APR.   
  Terms and conditions apply.  Subject to credit approval. Complete and signed application by September 30, 2021 to qualify for special rate.
  Advertised rate is for purchases and refinances of single family owner-occupied dwellings only.   20% downpayment required.
  A $200,000 mortgage loan would be paid in 180 monthly installments of $1,357.24.  Stated payment does not include taxes and insurance.  APR reflects 80% loan to value or lower and discounted origination fee. 
  Your APR will vary based on your final loan amount, finance charges and will be lower if origination fee is discounted.   Origination fee will be discounted to $400 with a new or existing qualifying Relationship      Checking Package.  Rates are subject to change without notice.

Contact Bill Eldridge or August Fasone at 740-363-1284 for more details.

Apply today 

5/1 Year Adjustable Rate Mortgages

An adjustable rate mortgage that offers a lower initial rate.  It is a fixed rate for the initial 5 years and then the remainder of the term is a 1 year adjustable. The index is the Weekly Average Yield on U.S. Treasury Securities Adjusted to a Constant Maturity of 1 Year. Information about this is Index is available in the Federal Reserve H.15 Selected Interest Rates. Interest rate caps of 2% at every 12 month adjustment period and a 5% life of loan cap protect you from extreme fluctuations in your payment.

7/1 Adjustable Rate Mortgages

An adjustable rate mortgage offers a lower initial rate. It is a fixed rate for the initial 7 years and then the remainder of the term is a 1 year adjustable. The Index is the Weekly Average Yield on U.S. Treasury Securities Adjusted to a Constant Maturity of 1 Year. Information about this Index is available in the Federal Reserve H.15 Selected Interest Rates. Interest rate caps of 2% at every 12 month adjustment period and a 5% life of loan cap protect you from extreme fluctuations in your payment.

Investment Property Loans

Investment property loans may be obtained at slightly higher interest rates than owner occupied.

Construction/Permanent Loans

Lock in your rate for the life of the loan and avoid two closings. We offer six or twelve month construction periods combined with the permanent loan terms of your choosing. A fixed rate of interest is charged during the construction phase on funds disbursed. Amortized payments of principal and interest begin upon the completion of the construction phase.

Temporary Construction Loans

Six or twelve month fixed rate interest only loans.

Lot Loans

Five year maximum balloon loan.

Government Loans

FHA Loans

The FHA guarantees home loans, reducing the risk to lenders and offering increased borrowing power to qualified applicants. An FHA loan benefits those who would like to purchase a home but haven’t been able to put money away for the purchase, like recent college graduates, newlyweds or people who are still trying to complete their education.

VA Loans

Used for the purchase of a primary residence, VA loans are available to consumers who have served or are presently serving in the U.S. military. While the Department of Veterans Affairs (VA) does not lend money for VA loans, it backs loans made by private lenders (banks, savings and loans or mortgage companies) to veterans who qualify.

 

Additional Programs

Down Payment Assistance Programs/Welcome Home Funds

Funds are no longer available for 2021.  New fund program may begin in spring of 2022.

Welcome Home Funds offers grants to fund down payment and closing costs for low and moderate income homebuyers purchasing or constructing a primary residence. Grant funds are reserved on a first-come, first-serve basis until all funds have been reserved.

Honorably discharged veterans and active duty military personnel may receive grants up to $7,500.  Homebuyers who are a member of the United States National Guard, Military Reserves, or a surviving spouse of military personnel may also be eligible to receive grants up to $7,500. All other qualifying homebuyers may receive grants up to $5,000.   Funds are limited and available on a first come, first serve basis.

Additional program guidelines include:

* The total income for all occupants must be at or below 80 percent of the Mortgage Revenue Bond limit for the county and state where the property is located.
* Homebuyers must contribute at least $500 of their own funds towards down payment and/or closing costs.
* All first-time homebuyers are required to complete a homeownership counseling program.
* Grant funds are intended only for homebuyers who qualify for the first mortgage based on their own merit. Co-signers and non-occupant co-borrowers are not permitted.
*All eligible property assisted with Welcome Home Funds is subject to a five-year retention mechanism, which may require the household to repay all or a portion of the subsidy, if the home is sold or refinanced within five years from the closing of the transaction.
* Additional terms and conditions may apply

Funds generally available each spring.     Contact a member of our Lending Team for more information.

Automatic Payments

Use our automatic payment program to schedule monthly deductions from your deposit account at Fidelity Federal or an outside institution at no additional charge. Contact our Lending Department today for details and eligibility requirements.

Meet our Lending Team

Our lending team is ready to help you through purchasing a home, refinancing your existing home or building your dream home.

Team - A Fasone 2021
August Fasone

Senior Real Estate Lending Manager

NMLS #272524

Phone: 740-363-1284
Fax:      740-363-5900

E-MAIL August

Address:
60 N. Sandusky St.
Delaware, OH 43015

Team - W Eldridge 2021
William Eldridge

Loan Officer

NMLS #426021

Phone: 740-363-1284
Cell:      419-989-0646
Fax:      740-422-1440

E-MAIL Bill

Address:
60 N. Sandusky St
Delaware, OH 43015

 

 

 

 

 

 

 



 

 

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