mother and daughter moving boxes into home

Home Loan Options

Buying a home is significant investment, and we’re here to help make it easier for you. Whether you are a first-time homebuyer, downsizing, purchasing a vacation home, building a new home or renovating an existing one, we have the right loan options to fit your goals.
 
Traditional Mortgage Products
Explore our traditional mortgage options designed to meet you wherever you are on your homebuying journey.
 
  • Conventional Loans: Flexible, competitive financing for buyers with solid credit and stable income.
  • VA Loans: No down payment for qualified military borrowers.
  • FHA Loans: Designed for buyers with flexible credit guidelines and lower down payment requirements.
  • USDA Loans: Zero down payment options for eligible rural areas.

Construction/Permanent Financing

Build your dream home with confidence — from the first shovel in the ground to the final coat of paint — using Marion Community Bank’s Construction/Permanent Financing. Our one-time close loan solution combines construction and long-term mortgage financing into a single, streamlined package.

Whether you’re designing a custom home or building on your own land, we make it easier to secure financing with fewer steps, less paperwork, and the peace of mind of working with a trusted Alabama bank.


First Time Home Buyer
First-time homebuyer programs are designed to make your path to homeownership feel more approachable and achievable. 
 

We offer a range of down payment assistance options designed to make homeownership more attainable and affordable for first time home buyers.

  • FHLB Grants: Help cover down payment and closing costs.
  • Alabama Housing (AHFA): Offers assistance and competitive loan programs for Alabama buyers.

HELOC
A Home Equity Line of Credit (HELOC) allows you to tap into the equity you’ve built in your home to access funds when you need them. It works like a revolving line of credit, giving you the flexibility to borrow, repay, and borrow again for expenses such as home improvements, debt consolidation, or other major costs. With competitive rates and the ability to use funds as needed, a HELOC can be a convenient and cost-effective way to leverage your home’s value.

Non-QM Loans

A Non-QM (Non-Qualified Mortgage) loan is a home loan designed for borrowers who don’t meet traditional lending guidelines. Instead of standard income documentation, these loans offer flexible qualification options—such as using bank statements, assets, or other alternative methods to verify income. Non-QM loans are a great fit for self-employed individuals, business owners, or anyone with unique financial situations who may not qualify for conventional financing but still have the ability to repay a loan.


Refinancing
Refinancing allows you to replace your current mortgage with a new loan that better fits your financial goals. Whether you’re looking to lower your monthly payment, reduce your interest rate, shorten your loan term, or tap into your home’s equity, refinancing can be a smart way to improve your overall financial position. With the right strategy, it can help you save money and make your mortgage work more effectively for you over time.

























Home Loan Options for Every Type of Buyer

 
We also offer financing options for primary residences, second homes, and investment properties—giving you the flexibility to align your mortgage with your long-term goals. Whether you're purchasing your main home, searching for the perfect getaway, or building income through real estate, these loan options are designed to support your unique path. From primary residences that provide stability, to second homes meant for personal enjoyment, to investment properties that create opportunities for rental income and future growth, we’re here to help you navigate each step with a strategy that works for you.
 
At Marion Community Bank, we offer both fixed-rate and adjustable-rate mortgage options to fit your unique financial goals and lifestyle. Fixed-rate mortgages provide long-term stability with consistent payments you can count on, while adjustable-rate mortgages offer lower initial rates and flexibility for shorter-term plans.
 
Whether you’re looking for predictability or potential savings upfront, our local experts will help you weigh the benefits of an ARM versus a fixed-rate loan to find the right fit—offering clear guidance, competitive terms, and personalized support every step of the way.
 
persons hands using a calculator

Run Your Numbers and See What’s Possible.

Our financial calculators help give you a realistic picture of what you can afford—so you can plan your next step with confidence.