Residential Mortgage

BOB has a wide variety of home mortgage options, so we can fit every need. We also have the experienced and helpful lending professionals to help you find the best plan for your financial situation. Whether you're purchasing or refinancing, we can help. Stop in one of our convenient locations to visit with a loan officer today.


  • Interest rate and monthly payment varies in direct response to a rise or fall in market rates.
  • Market rate index determines loan rate.
  • Limit on annual increase or decrease let's you take advantage of downward trends, yet limits impact of rising rates.
  • Usually a lower initial interest rate than conventional or balloon mortgage. 
  • No prepayment penalty.


  • Fixed rate and uniform payments amortized over term of loan provides fixed payments for long-range planning.
  • No prepayment penalty.
  • Competitive market rates minimize your interest expense.


Home Equity
  • Advances can be obtained up to specified limit.
  • No prepayment penalty.
  • Longer payment terms with lower monthly payments provide immediate buying power without excessive financial burden.
  • Interest on home equity loans is tax-deductible in most cases.
  • Loans $25,000.00 and under customer must pay the appraisal fee.


Back to top