Mortgages & Home Loans

• Choose from 3/6m, 5/6m, 7/6m, or 10/6m terms
• Down payments as low as 5%
• Perfect for shorter-term homeownership plans
• Lower initial rate means more savings upfront

• Choose a 20 or 30-year term with a fixed rate that never increases
• No PMI requirement means lower monthly payments
• Just 3% down to get started
• Sellers can contribute up to 6% toward closing costs
• Use gifts or approved grants for most of your down payment (all but 1%)
• Perfect if you’re planning to stay in your home long-term
• Designed specifically for low to moderate income first-time buyers
• Certain income limits and restrictions apply

• Just 3.5% down payment to get started
• More lenient credit score requirements than conventional loans
• Sellers can help cover your closing costs
• ENB may offer lender credits toward closing costs too
• No income limits — anyone can qualify
• Available for homes up to $314,827 in Lancaster, Lebanon, and Berks counties

• 100% financing — no down payment required
• Available for active-duty service members, veterans, National Guard, Reserve members, and certain surviving spouses
• Three loan types: Purchase, Streamline Refinance (IRRRL), and Cash-Out Refinance
• No private mortgage insurance (PMI)
• Sellers can contribute toward closing costs
• Purchase your home for as little as $500 out of pocket
• Our mortgage team will guide you through every step and explain all your options

• Turn your $1,667 into $5,000 toward homeownership
• Available for first-time homebuyers (haven’t owned in the past 3 years)
• Household income must be at or below 80% of area median income
• Includes those buying as a single person after previously owning jointly
• Complete 4 hours of homeownership counseling from an approved agency
• Keep your home for 5 years to avoid repayment
• A little savings can go a long way toward your first home

• Finance up to 103% on home purchases (97% on refinance)
• No monthly mortgage insurance required
• Choose between a 15-year fixed rate or 5/6m adjustable rate
• Pay off your home in half the time of a traditional mortgage
• Save thousands in interest over the life of your loan
• Sellers can contribute up to 6% toward closing costs
• No income or purchase price restrictions
• Available for both first-time buyers and experienced homeowners
• Requires credit score of 700+ and debt-to-income ratio under 43%

• Borrow up to 85% of your home’s equity when listed with a real estate agent
• Reduced loan-to-value options available if selling privately
• Make affordable, interest-only payments until your home sells (up to 12 months)
• Lock in today’s mortgage rate on your new home now
• No escrow required for taxes or insurance
• Loans up to $600,000 available
• Simplified title insurance and appraisal for loans under $250,000
• Move once, straight into your new home

Ready to explore if refinancing could save you money? At ENB, you’ll work with friendly, local mortgage experts who know Lancaster County and genuinely care about your financial goals. We offer several refinance options to fit your needs:

• Fixed-Rate Mortgage – Lock in a consistent rate for predictable payments you can count on
• Adjustable-Rate Mortgage (ARM) – Start with a fixed rate, then adjust annually after the initial period
• EZ Renovation Loan – Simplified process for smaller renovations
• Wealth Builder – Build equity twice as fast with our 15-year mortgage, without doubling your monthly payment
• FHA-Guaranteed Loans – Refinance with lower down payment and more flexible credit requirements
• VA-Guaranteed Loans – Up to 100% financing for Active Duty Service Members, Veterans, and eligible spouses

Let’s start with a free, no-pressure conversation. We’ll sit down together, look at your numbers, and help you decide if refinancing makes sense for your situation. Your personal Mortgage Expert will be with you every step of the way.

The best way to know if you’ll qualify is to talk with one of our local mortgage experts who can review your unique situation and explain your options. Generally, we’ll look at factors like your credit score, income, debt-to-income ratio, and down payment – but we offer a variety of loan programs with different requirements, so even if your financial picture isn’t perfect, there may be a path to homeownership that works for you. Reach out to us, and we’ll walk you through it together with no pressure and complete transparency.

Closing costs are the fees that come with finalizing your home purchase, and they vary depending on your loan type and property. At ENB, we keep our fees competitive and transparent, so you know exactly what you’re paying, from appraisals and title insurance to government recording charges and attorney fees.

Private mortgage insurance (PMI) is typically required when you’re putting down less than 20%, and it protects the lender if payments can’t be made. We’ll explain exactly how PMI works and what it means for your monthly payment right when you apply, so there are no surprises.

It depends on your situation and your goals. Refinancing can make sense if current interest rates are significantly lower than your existing rate, if you want to shorten or extend your loan term, or if you’re looking to tap into your home’s equity for home improvements, debt consolidation, or other needs. Generally, if you can lower your rate by at least half a percentage point and plan to stay in your home long enough to recoup the closing costs, refinancing could save you money. But the math isn’t everything – think about what you’re trying to accomplish. Are you looking to lower your monthly payment, pay off your mortgage faster, or access cash for something important?

The best way to know if refinancing makes sense for you is to talk it through with someone who understands your complete financial picture. Stop by any Ephrata National Bank Community Banking Office or give us a call, and we’ll walk you through the numbers together – no pressure, just honest conversation about whether it’s the right move for you right now. We’ve helped plenty of families in our community navigate this decision, and we’re happy to do the same for you.

Yes, homeowners insurance is required to protect both you and your investment. Your lender will need proof of insurance before closing to ensure your home is covered against damage or loss. Our mortgage team can explain exactly what coverage you’ll need and answer any questions as you shop for the right policy.

At ENB, we believe the more you know about the borrowing process, the better your experience will be. Below are terms you’ll commonly hear as you make your way through the mortgage application and closing process.

Loan discount fee / Points is a fee paid to receive a reduced rate that is based on a percentage of the overall loan amount. For example, a fee of 1 point would equate to 1% of the amount borrowed. It can also include fees charged based on your credit score, loan-to-value ratio, and other risk-based pricing adjustments that may be required by your lender.

Bank origination / Application / Administration / Documentation fee is a bank charge to prepare and process your application.

Credit report is a compilation of an individual’s credit history prepared by the credit reporting agency. This report determines your credit score and is a significant factor in considering your loan application.

Flood certification is obtained by the lender and confirms whether the property to be purchased is in a flood zone.

Flood insurance protects homeowners from loss resulting from a flood. It is required for homes located in a flood zone.

Tax servicing is a step needed to verify property taxes are paid or to get a copy of tax bills.

Appraisal is an unbiased professional opinion on the value of the property. It will be required by the mortgage lender to make sure you’re not paying more than the home is worth.

Inspection fee / Final inspection fee is paid to an appraiser for visiting a home under construction at various stages of the building process to confirm work has been completed. This ensures that the work being paid for by the mortgage loan is being done.

Prepaid interest charges are due at closing for any daily interest that accrues on your loan between the date you close on your mortgage loan and the period covered by your first monthly mortgage payment.

Title insurance protects homeowners against loss when faced with unknown defects in their title and insures lenders’ priority, validity and enforceability of their lien.

Title endorsements are used to expand or otherwise modify the coverage of the title insurance policy to provide coverage for additional needs of the buyer or lender.

Closing protection letter is provided by the attorney/closing agent of the contract between the title insurance underwriter and the lender in which the underwriter agrees to indemnify the lender for actual losses caused by certain kinds of misconduct by the attorney/closing agent.

Recording costs cover the cost to record the mortgage, deed, and any other additional documents with the county’s records office.

Attorney / Closing agent fees are for the preparation of closing that can include notary fees, overnight fees, documentation preparation fees, wire fees, or settlement fees.

Property inspections are various inspections to uncover potential hazards with the home. They include, but are not limited to, home safety, pest, termite, well, septic, and mold inspections. They are typically elective and not always required by the lender.

Pro-rated taxes are buyer reimbursement to the seller for property taxes they have paid in advance for the time you own the home during that tax cycle.

Escrow is money collected, held, and distributed by the lender to cover costs associated with a home including property taxes, homeowners insurance, and private mortgage insurance. The annual cost of these items is broken down into monthly payments and collected with the mortgage payment.

Homeowners insurance covers loss or damage to a home. It may also include liability coverage for accidents that occur in the home or on the property.

Private mortgage insurance (PMI) / Mortgage insurance (MI) protects the lender if the buyer defaults on their mortgage payments and is required when borrowing more than 80% of the lesser of the appraised value or purchase price.

Funding fees are charged for certain types of loans like a Federal Housing Administration (FHA) Guaranteed Home Loan or a Veterans Administration (VA) Guaranteed Home Loan.

Transfer tax is a tax on the transfer of the property from the seller to the buyer. It is typically 2% of the sales price and is split between buyer and seller, but can vary by area and transaction.