Loans

When you choose Metropolitan for a mortgage, you're working directly with the bank that will fund the loan—not a mortgage broker. Metropolitan Bank is a full-service mortgage financier, providing funding directly for both new loans and refinancing.* We offer many borrowing options, including these programs:

Fixed-rate mortgages

set an interest rate at a single percentage. Since the interest rate is fixed, your payments remain consistent over the life of the loan.

Interest-only loans

may be fixed-rate or have a floating interest rate. Either way, you pay only interest; no principal repayment is included with this loan option.

Adjustable-rate mortgages

usually offer a smaller fixed interest rate for a certain period of time. Then the interest rate typically increases one or more times over the life of the loan.

Renovation loans

offer—just as the name implies—financing specifically designed to help you renovate your home.

First-time homebuyer loans

were created to help individuals who are just beginning to build their credit history with the purchase of their first home.

Second home loans

help homeowners buy a second home for part-time or recreational use. They're not designed for income-producing properties that will be leased to a full-time resident.

FHA loans

are insured by the Federal Housing Administration and are open to all qualified buyers purchasing a home within loan size limits. Metropolitan is an approved FHA loan provider.

VA loans

are guaranteed by the Department of Veterans Affairs and are open to home buyers who qualify under the military service requirements. Metropolitan is an approved VA loan provider.

Jumbo loans

exceed the maximum loan amount established by Fannie Mae and Freddie Mac and often have a slightly higher interest rate than a conventional mortgage. At Metropolitan, we work with you to secure a very competitive rate.

Bridge loans

allow you to temporarily finance your existing home until it sells, while at the same time you are purchasing a new one. Ask us about our attractive bridge loan options.

*Credit is subject to approval. Normal credit standards apply.