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Introduction

We know mortgages get a bad rap, but that’s just because those people haven’t gone through Mechanics Bank. Our less-stress home loans make the borrowing process simple, easy to understand, and much more manageable. Come in today to get started.

There are many reasons why you should borrow through Mechanics Bank. Here are three:

No PMI

Whether you decide on a fixed or adjustable rate mortgage, we’ll never charge you for Private Mortgage Insurance.

Flexible payment plans

Because every homeowner is unique, we’ll work with you to discuss the best options based on your financial situation.

Our mortgage experts

Our knowledgeable, friendly staff will be on hand to help you through every step of the process, offering high fives along the way.

Meet our team

Fixed-Rate Mortgages

Key features:

As little as 10% down payment for owner-occupied dwellings

Bi-weekly payment reduces principal more quickly, resulting in a shorter term and substantial interest savings over the term of the loan

No Private Mortgage Insurance (PMI)

Other Features:

  • Available for purchases or refinances
  • Terms as long as 30 years
  • Reasonable closing costs
  • No prepayment penalty
  • No escrowing of insurance or taxes

Disclosures:

The Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act) requires employees of federally regulated lending institutions who act as a mortgage loan originators ("MLO") to register with the Nationwide Mortgage Licensing System and Registry ("Registry"). Each Mechanics Bank MLO is registered with the Registry and has a unique identification number. If you would like to review the background of any Mechanics Bank MLO, find the MLO's unique identification number from the listing below and go to www.nmlsconsumeraccess.org to perform a search.

Downloads:

Adjustable-Rate Mortgages

Key features:

As little as 10% down payment for owner-occupied dwellings

Interest rates adjust periodically according to terms

Monthly payment of principal and interest

No Private Mortgage Insurance (PMI)

Other Features:

  • Available for purchases or refinances
  • Terms as long as 30 years
  • Reasonable closing costs
  • No prepayment penalty
  • No escrowing of insurance or taxes

Disclosures:

The Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act) requires employees of federally regulated lending institutions who act as a mortgage loan originators ("MLO") to register with the Nationwide Mortgage Licensing System and Registry ("Registry"). Each Mechanics Bank MLO is registered with the Registry and has a unique identification number. If you would like to review the background of any Mechanics Bank MLO, find the MLO's unique identification number from the listing below and go to www.nmlsconsumeraccess.org to perform a search.

Downloads:

Construction Loans
(For Owner-Occupied Dwellings)

Key features:

Single closing reduces costs

Either Fixed-Rate Mortgage Loan or Adjustable-Rate Mortgage Loan can be used

(see those products for details)

Interest-only payments during prearranged construction phase

Disclosures:

The Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act) requires employees of federally regulated lending institutions who act as a mortgage loan originators ("MLO") to register with the Nationwide Mortgage Licensing System and Registry ("Registry"). Each Mechanics Bank MLO is registered with the Registry and has a unique identification number. If you would like to review the background of any Mechanics Bank MLO, find the MLO's unique identification number from the listing below and go to www.nmlsconsumeraccess.org to perform a search.

Downloads:

Borrow our experts’ advice.

Call or visit the most convenient banking office to discuss your financing needs.

Or email us