Brannen Bank
Brannen Bank
2519 N. Florida Avenue
Hernando, FL 34442
(352) 637-2000
Fax: (352) 637-6908
The Hernando Office is a full service facility offering both personal and business checking and saving accounts as well as lending programs. There is an ATM at this location.
Brannen Bank offers a variety of options that can satisfy just about anyone's home mortgage needs. If you are interested in an equity loan, a construction loan or financing for a newly purchased home, you'll find that we have taken great efforts to make this very important transaction much easier for you.
Conventional Fixed Rate Financing
•Residential loans are available. A wide variety of programs are available.
•Choose the loan term that fits your needs.
•Minimal down payment required on owner occupied properties. Mortgage insurance required for loans over 80% loan to value.
•Second and investment home financing available.
•Refinancing available.
•Construction/Permanent Mortgages.
•First Time Homebuyer programs available.
Adjustable Rate Mortgages
•Residential loans are available with a minimal down payment on owner occupied properties. Mortgage insurance required for loans over 80% loan to value.
•Second and investment home financing available.
•Refinancing available.
•7/1 Program. Loan is fixed for the first seven years and adjusts every 12 months thereafter for term of loan. Maximum decrease/increase 2% per year or 6% over life of loan.
•3/1 Program. Loan is fixed for the first three years and adjusts every 12 months thereafter for term of loan. Maximum decrease/increase 2% per year or 6% over life of loan.
•1 Year Adjustable. Loan adjusts every 12 months for term of loan. Maximum decrease/increase 2% per year or 6% over life of loan.
Construction-to-Permanent Financing
Money is advanced at several phases of construction. Upon completion of the home, the loan balance is then modified to a permanent mortgage.
•One closing, lower closing costs and no hassles.
•Choose a fixed rate or adjustable loan for permanent financing.
•Pay interest only on the outstanding balance during the construction period.
•Available on conforming and non-conforming loan amounts.
Non-Conforming/Jumbo Loans
•Non-conforming loans are typically those loans underwritten to Private Investor guidelines.
•Loan amounts exceeding conforming loan guidelines. (commonly known as Jumbo loans)
•Fixed rate and adjustable terms available.
Manufactured Homes
•Must include land and be legally classified as real estate.
•Must be permanently affixed to foundation - does not have to be on a slab but does have to have skirting.
•Wheels, axles and trailer hitches must be removed.
2002-2007, Brannen Banks of Florida, Inc.
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