Let Fidelity Bank1 help make your dream of home ownership a reality! We understand that purchasing a home is one of the most important investments you will ever make. Our knowledgable and experienced Mortgage Loan Officers help to make the mortgage2 process easy by answering your questions and guiding you along the way. Whether you are a first-time buyer or in the market for a new home, Fidelity Bank offers several loan options at competitive rates to meet your needs.

What Are The Benefits Of Buying vs. Renting A Home?

Home ownership brings a lot of added responsibilities, but it also has its advantages:

  • Greater privacy
  • You are able to put roots down, giving you a sense of belonging and community
  • Homes typically increase in value, build equity, and provide a nest egg for the future
  • A home offers budget stability by avoiding the ups and downs of the rental market. If you qualify for a fixed-rate mortgage, your costs would be predictable.
  • You may save money through tax benefits associated with home ownership3
  • You are able to personalize your home to suit your lifestyle

Receiving the Keys

How Much Can I Borrow?

One of the first steps in buying a home is determining your budget. Fidelity Bank offers many easy-to-use tools and resources to assist you with estimating your monthly payments. Visit our Mortgage Center Resource page to utilize some of these budgeting tools.

If you have any other questions about Fidelity Bank Mortgages, please contact your local Fidelity Bank office or visit our mortgage page to reach out to a member of our team.

I Am A First Time Buyer. How Much Do I Need For A Down Payment?

Down payment requirements vary by mortgage product. Fidelity Bank offers various down payment options, including zero down payment mortgage options. A down payment of less than 20% of the home purchase price may require private mortgage insurance (PMI) which protects the lender from financial loss if the borrower defaults on the loan.

Frame of House

What Are My First Steps To Prequalify For A Mortgage?

Before shopping for a new home, visit our Mortgage Center page and take advantage of our convenient online mortgage application. Completing the easy online application will help to estimate the amount you may be able to borrow.

If you pre-qualify, Fidelity Bank will provide you with a pre-qualification letter. This letter can be given to your Real Estate Agent and acts as a sign of confidence that you are a serious homebuyer. This is not a mortgage loan approval or commitment to lend but is an important first step in the process.

Single Story Home

What Other Costs Are Included In My Mortgage Payment Besides Principal And Interest?


Homeowner’s Insurance:

As a condition of your loan closing, you will be required to purchase homeowner’s insurance which protects you against loss as a result of property damage. Your Fidelity Bank Mortgage Loan Officer will inform you of the type of coverage you need to meet this requirement. Be certain to share this information when you shop for homeowner’s insurance to ensure your coverage is adequate and that all policy and loss information is accurate.

Property Taxes:

Local governments assess taxes on residential properties based on the property evaluation for their area. Homeowners are responsible for paying their property taxes when billed unless they have established an escrow account with the mortgage lender, who will collect payments from the homeowner on a monthly basis and make them on the borrower’s behalf. When you apply for your mortgage loan, talk with your Fidelity Bank Mortgage Loan Officer about which option is best for you.


Private Mortgage Insurance:

Most loans with a down payment of less than 20% of the home purchase price may require private mortgage insurance (PMI). The amount of the monthly PMI is determined by factors such as loan program, loan-to-value (LTV) and credit score. Some programs do not require PMI on loans and there are options on some loans such as lender-paid PMI (LPMI) where there may be an option to forego the monthly PMI.

Hand Holding House


When purchasing a home, especially an existing home, it is a good idea to obtain an independent home inspection. A home inspection is an inexpensive way to discover the universal condition of a home. It is important to conduct a home inspection to protect you and your investment. In the long run, it could save you money and prevent you from purchasing a property in need of major repairs A typical home inspection costs around $400. Although most lenders do not require a home inspection to obtain a mortgage loan, they are almost always worth the money spent.

1. Acting as Mortgage Broker
2. Mortgages subject to credit approval
3. Consult your tax advisor for details