Compass Bank delivers loans with competitive rates, quality service and good advice on the product that will best fit your needs. Our knowledgeable staff will help you decide what payment structure best fits your budget. Lending decisions are made by us, the people in your community which means a faster response time for you. We can help you realize your dreams.

Residential Owner-Builder Construction-Permanent Loans
Have the skills, desire and time to build your own home without the expense of hiring a general contractor, then be your own general contractor. Take advantage of using your own subcontractors and using the sweat equity to minimize the cost of building your dream home. One closing saves your time and money. 12 months to build, with approved construction bills and invoices paid weekly. Pay interest only payments during the construction period. Lot and/or sweat equity can be used toward down payment. Building a log or modular home, don’t worry we got you covered.

Home Equity Loans
Homeowners can use the value of their home for purchasing a car, financing a child's education, consolidating bills, or building a new addition. The equity of your home is calculated by subtracting the amount owed from the appraised value. The appraised value is what your home is worth, determined by a professional appraiser. The bank then lends up to 80% of your equity. Home equity loans have attractive interest rates and typically the interest is tax deductible; consult your tax advisor. The interest rate is fixed and the term ranges from one to 15 years. There are no fees for a home equity loan which saves you a lot of money and there is no pre-payment penalty for paying off the loan early. Inquire about our current rates. Compass also offers home equity lines of credit. please inquire.

No Points Mortgage Loan
Dreaming of owning a home? Compass can help make it a reality with a mortgage loan. Unlike most banks, Compass doe snot charge points. Points equal one percent of the borrowed amount which can cost you a lot of money. Our generous policy of lending up to 95% of the home's value can help make buying a home affordable. With a 5% down payment, the Bank requires MGIC insurance, which is simply calculated into your payment. There are no minimum loan amounts and the terms range from one year to a maximum of 30. Ask for our most current rates.

Share Loans
If you need to borrow money for a short period of time and don't want to deplete your savings, consider a Share Loan. This loan option allows you to borrow up to 90% of your savings or CD balance. The attractive loan interest rate is only 2% above your savings interest rate. So, escape on that vacation or consolidate some bills. As for your most current rate.