Lending Accounts

Cheviot Savings Bank has various loan programs to fit customers’ needs:

• Fixed Rate Mortgages — Your interest rate and payment remain the same for the life of the loan. Loans are available for a variety of terms with our fixed rate loans.
• Adjustable Rate Mortgages — If you're looking for a low rate or planning on moving within 7 years, consider an adjustable rate loan.
• Construction/Lot Loans — Close one time for the construction and end loan and avoid a lot of unnecessary costs.
• First-Time Home Buyer Program
  — American Dream Home Loan assists first-time homebuyers with a low down payment.
  — Welcome Home Program, through the Federal Home Loan Bank of Cincinnati, is designed to help qualifying individuals with down payment and closing cost assistance.
• Home Equity Line of Credit Loans — Borrow against the equity in your home for any purpose; you can pay down the loan and re-borrow for years. Best of all, interest may be tax deductible. (Always consult with a tax advisor as to the interest and tax deductibility.)
• Fixed Rate Home Equity Loan — An installment loan with a fixed monthly payment, secured by equity in your home. Interest paid may be tax deductible; consult your tax advisor.
• Jumbo Loans — Fixed rates available for loan amounts over $417,000.
• Residential Investment, Multifamily Loans and Commercial Real Estate Loans — Fixed and adjustable rate mortgages are available on income-producing properties.
• Bridge Loans — Purchasing or building a new home and haven't sold your current home? We have financing options to assist you.
• FHA — Fixed or adjustable rate with only a 3.5% down payment; 1 to 4 family owner-occupied properties
• Rural Development - Purchase loans for owner-occupied single family homes with 0% down payment

You can borrow up to 85% of the purchase price or appraised value on a 1-2 family home WITHOUT paying private mortgage insurance. Loans are available up to 95% of purchase price with private mortgage insurance.

To find out how Cheviot Savings Bank can help with your lending needs, contact us by phone, fax or e-mail. Our experienced loan officers will discuss a variety of options to fit within your budget, lifestyle and personal preference.

Click here for a list of our loan officers or check the locations page for the nearest branch.