If you get paid every two weeks
We make it easy to make half of your mortgage payment every two weeks when you get paid. With the lower balance, you'll immediately pay less interest, saving you thousands in interest expenses and years of payments.
- Our most popular mortgage over the past 40 years
- Seamlessly pay down mortgage and build equity faster
- Select from terms of 10 to 30 years
Great for: Everyone
If you get paid by project, bonus, or commission
Make large pre-payments towards your mortgage and save thousands of dollars in interest expenses. Plus, you'll have the option to immediately access a portion of the funds you've prepaid.
- Easily "Re-borrow" a portion of the equity you have built up
- Fixed rate term for 20 years
- Jumbo mortgage available
Great for: Self-employed, professionals, and sales agents
If you prefer manageable payments without accelerating payoff
If a biweekly payment schedule doesn't suit your budget or income flow, our monthly mortgage option offers a more traditional way to stay on track.
- Select from terms of 10 to 30 years
- Fixed or adjustable rate
- Jumbo mortgage available
Great for: Those who prefer following the familiar schedule of monthly payments
If you're getting ready to build your dream home
Streamline the financing of your new home to reduce expenses, approval, and time to close on your loan. This single-family construction loan is provided directly to the homeowner.
- Quick commitment
- Free loan rate lock
- Choose the mortgage that is best for you
Great for: Someone building a new home or starting major renovations
If you're buying your first home
Amboy Bank takes pride in helping our first-time homeowners with special programs designed to make buying your first home more affordable. When you choose Amboy, you’ll receive low down payment options, competitive interest rates, and personalized guidance. Learn more about our three unique products, exclusively for first-time homebuyers:
- Family Helping Hand Mortgage
- Helping Hand Mortgage
- 1/2 Pay Mortgage for First-Time Homebuyers
Great for: First-time homebuyers seeking tailored solutions you may not find at other banks
If your family or friends would like to help you buy your first home without dipping into their savings
Our Family Helping Hand Mortgage is designed to make homeownership more accessible with support from family and friends. With this program, a family member can pledge an Amboy deposit to be used toward your down payment, making it possible to buy your first home sooner.
- Reduce down payment requirement to as little as 5% of your own money
- Avoid expensive mortgage insurance (PMI)
- Family member's interest-earning deposit gets released at 80% LTV
Great for: First-time homebuyers whose families or friends would like to help
About Amboy's Home Loans
If Rates Go Down, Simply Change Your Rate
Other banks require a refinance to change your rate, which entails a lot of paperwork and fees. At Amboy, you can modify your rate at any time with just a phone call.
Don't Worry About Rates Rising Before You Close
Your rate is locked in for 60 days. This could save you a substantial amount of money if rates go up during the mortgage approval process.
We Keep and Service Your Loan
We don't sell our loans, which means if you have questions or concerns at any time during the life of your loan, you'll always know where to find us.
Personalized Advice from our Local Team of Home Loan Experts
When it comes to home financing, one size doesn't fit all. Our local, non-commissioned experts take the time to understand your unique goals and guide you every step of the way with honest advice and tailored solutions.
Terms & Disclosures* Fees or restrictions may apply depending on your account type and relationship. Please see our General Service Fees and Account Disclosures for complete information.
Available for 1- to 4-family, owner-occupied homes with a minimum of $50,000 and a maximum of $625,000. First lien positions only. Approved applicants responsible at closing for funding interim interest and escrow account for property taxes and insurance. Subject to credit approvals and home appraisal. Additional terms and conditions apply. Offer may be withdrawn at any time. Must use Bank-approved title company. Subject to credit approvals and home appraisal.