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Fixed Rate Mortgage: This loan has a fixed principal and interest payment for the term of the loan.  You may choose from a variety of terms.

Adjustable Rate Mortgage (ARM):  An ARM loan is a mortgage with the interest rate fixed for a short time period, for example, one year and usually starts off with a lower rate.  At the end of that time period, the interest rate on the loan will be adjusted up or down, according to the index, the specified rate cap adjustments and the margin.  This type of loan can save you money over a short time.

Balloon Mortgage:  This type of mortgage is one that is only partially amortized and has a lump sum or balloon payment due at maturity.

Single Close Construction Loan:  This loan provides construction and permanent financing with a single closing.

FHA Mortgage:  A governmental division of HUD that insures residential mortgage loans made by private lenders and commonly used for first time home buyers.

VA Mortgage:  This loan is a fixed rate mortgage that is insured by the Veterans Administration.  You must have served in the military to qualify for this type of loan.
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Deposit and loan products offered by Central Bank, Member FDIC, EqualHousingLogoTrans15 Equal Housing Lender
The standard insurance amount is $250,000 per depositor.

Transaction Account Guarantee Program
Central Bank is participating in the FDIC's Transaction Account Guarantee Program. Under that program, through December 31, 2010,
all non-interest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the
Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC's general
deposit insurance rules. Learn More

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