HOME LOAN OPTIONS Fixed Rate Mortgages Fixed rate mortgages have a locked interest rate for the entire term of your home loan, which usually ranges from 15 to 30 years. The downside? If interest rates fall, you’re stuck paying the higher rate (although refinancing is an option.) Conversely, if rates rise, your fixed interest rate protects you from the high costs associated with loans attached to higher interest rates.) APPLY ONLINE NOW Variable Rate Mortgages Variable rate mortgages, also known as adjustable rate mortgages (ARMs), are tied to the US Treasury interest rates. Variable mortgages are serviced at Twin River Bank and generally the upfront loan closing costs are lower. If you plan to only own this home a few years then an ARM may be right for you. Also a Twin River Bank ARM loan may be your only loan option until you are able to qualify for a secondary market loan (FannieMae and Freddie Mac guidelines). TWIN RIVER BANK BRANCHES 1507 G St, Lewiston, ID 83501 (208) 746-4848 3330 10th St, Lewiston, ID 83501 (208) 743-4848 900 5th St, Clarkston, WA 99403 (509) 758-4848 201 2nd St, Asotin, WA 99402 (509) 243-8848 ATMs, Night Deposit Drops, Online Banking, Bill Payment, Remote Check Deposit, VISA ATM / Check Card 2020 – 2021 COPYRIGHT – TWIN RIVER BANK TWIN RIVER BANK – NMLS #680539 © 2021 Twin River Bank Home Loans. Proudly powered by Sydney

MANUFACTURED / MOBILE HOMES Manufactured, mobile, modular: What’s the difference? Today’s manufactured homes meet Manufactured Home Construction and Safety Standards, which are enforced by the U.S. Department of Housing and Urban Development (HUD). They are home to about 22 million people living in the U.S. Mobile homes: Manufactured homes built before June 15, 1976, are still referred to as mobile homes. Manufactured homes: They shouldn’t be confused with a modular home. Manufactured homes are constructed on a chassis. Modular homes are required to meet the same building requirements as homes constructed on site. Modular homes: A key difference between modular and manufactured homes is that modular homes tend to hold their value better. It’s also easier to obtain a conventional mortgage for a modular home. If you are considering buying a manufactured or modular home, traditional mortgage loans may be available and financing options may differ from traditional home lending for manufactured housing. Knowing available loan options before looking for a home can help you decide what choice is right for you. Come in to visit with a lender and we can help you. TWIN RIVER BANK BRANCHES 1507 G St, Lewiston, ID 83501 (208) 746-4848 3330 10th St, Lewiston, ID 83501 (208) 743-4848 900 5th St, Clarkston, WA 99403 (509) 758-4848 201 2nd St, Asotin, WA 99402 (509) 243-8848 ATMs, Night Deposit Drops, Online Banking, Bill Payment, Remote Check Deposit, VISA ATM / Check Card 2020 – 2021 COPYRIGHT – TWIN RIVER BANK TWIN RIVER BANK – NMLS #680539 © 2021 Twin River Bank Home Loans. Proudly powered by Sydney