Mortgages

Why choose Enterprise Bank?

Enterprise Bank is your local Omaha expert in mortgage loans. We have a strong reputation for being passionate about helping our clients and community. Let Enterprise Bank be your first choice in home lending. With our home mortgage service you will get:

• Fast. Get approved and close your loan quickly.
• Rapport. We work repeatedly with many of the top agents and title companies in the state.
• Versatile. We have loan programs that offer financing to A credit, B credit, even bankruptcy.
• Convenient. Your ONE STOP SHOP for Conventional, FHA, VA, Construction and Bridge loans.

For more information on how our services can work for you call one of our mortgage specialists at (402)392-0400, come in or apply online. We look forward to working with you.

Types of Loans offered with Enterprise Bank

Fixed Rate Mortgage

The traditional fixed rate mortgage has a constant interest rate and monthly payments that never change. When interest rates are low, fixed rate loans are generally not much more expensive that adjustable rate mortgages and may be a better choice because your rate remains the same for the life of your loan.

ARM (3/1 ARM, 5/1 ARM, 7/1 ARM)

These loans offer the best of both worlds: lower interest rates and a fixed payment for a set length of time. For example, a 5/1 ARM has a fixed interest rate and monthly payment for the first five years and then turns into a traditional adjustable rate loan, changing the rate and payment every year for the next 25 years based on each year’s then current rates. This loan is a good choice for people who expect to move or refinance before or just shortly after the adjustments begin to occur.

FHA

An FHA mortgage is one that is insured by the Federal Housing Administration (FHA). These loans require consumers to pay monthly mortgage insurance to the Department of Housing and Urban Development (HUD) but do offer the opportunity to purchase a new home with as little as a 3.5% down payment.

VA

Like FHA loans, VA loans are also insured by the government. The Veteran’s Administration insures up to 100% financing to members of the armed services, both active and non-active. These loans do not require a monthly mortgage insurance premium but instead have an upfront initial funding fee that can be financed into the loan.

Construction

Construction loans are temporary, short term loans used to pay for the building of a new home. They usually have a term of approximately one year and are expected to be refinanced into permanent financing once the home is completed.

Bridge

A bridge loan is a short-term loan taken out against equity in the consumer’s current home to assist in the purchase of a new property. It is then paid off with the proceeds of the current home once it is sold.

Full Application

Click the Apply Now button to start your loan application. As you complete the application, please use your best estimate if information is not available.

Apply Now

Once received, your loan officer will contact you to help you select the best program and interest rate for you. They will also guide you thru what you can expect with the loan process, set a time to meet to collect documentation and go over your initial loan disclosures. If an in person meeting is not possible or if online is better for you, we have options for that as well.

Typical initial documentation includes:

• Current pay stubs or if self-employed, past two years of tax returns
• Bank statements for the past two months
• Investment/Retirement statements for the past two months
• Home Insurance Policy information
• Purchase contract (if applicable)

Apply Now or call on of our mortgage specialists at (402) 392-0400.

Home Purchase Basics

Congratulations on your decision to buy a new home! There are many important details to consider throughout the home buying process, especially if you are a first-time homebuyer. We are happy to provide you with some home buying tips to make this process easier.

In General…

A home purchase is likely your largest financial transaction to date, so it’s important to make smart decisions and to keep an eye on the details. With the assistance of your Real Estate Agent and Loan Officer, your home buying experience can be efficient, pleasant and ultimately rewarding.

Count on your Real Estate Agent to:

• Preview available homes to weed out those that are overpriced or otherwise undesirable.
• Present the homes that suit your needs as you’ve defined them.
• Offer you home buying tips to determine the difference between a “good buy” and a property that will not be a good investment because of various qualities such as the neighborhood or market appeal.
• Negotiate the best deal for you. With a Pre-Qualification letter from us in hand, your Real Estate Agent will be able to demonstrate that you are a qualified and capable consumer. This will strongly influence the Seller, and may make the difference between the sellers accepting your offer or someone else’s – even if your offer is lower!

Count on your Loan Officer to:

• Assist you in selecting the best loan to meet your personal situation and goals. (This single decision can save you thousands of dollars throughout the years!)
• Keep you informed of your loan status throughout the process.
• Keep your Real Estate Agent informed of our loan progress. (Note: your personal information is always kept confidential; only deal points and progress are shared.)
• Work with you, your Real Estate Agent and the title company you ensure that your closing is on time and goes smoothly.

Count on yourself to:

• Make sure you are pre-qualified as early as possible so you won’t miss the opportunity when your dream home goes on the market.
• Keep your Real Estate Agent informed of any questions or concerns as they develop.
• Keep the process moving by making decisions such as who you will be using for your homeowner’s insurance and providing any documentation requested by underwriting as soon as reasonably possible.
• Enjoy the excitement of your new home purchase.