New Buffalo Savings Bank serves all of Harbor Country  with three loan offices in New Buffalo, Sawyer and Three Oaks, Michigan.

We think it is important to know your lender. Our mortgage loans and home lending decisions are made in New Buffalo at our main office. We are a locally owned institution. Our loan experts help each customer find the best program suited to their specific needs. Our loan processors and servicers are on site to attend to issues immediately, helping to make your experience comfortable for the life of the loan.

Applying for a loan has always been a one-on-one service at New Buffalo Savings Bank. Whether you apply in person or online, you'll have one loan officer throughout the entire process available for all your questions.

95%/5% Home Buyer Program
Would a 95% mortgage and only a 5% down payment help you get in the door? This program is designed to reduce the cash necessary to purchase property. Limitations may apply.

Adjustable Rate Mortgage Loan
Conventional $80,000 up to $417,000
Jumbo loan $417,001 up to $1,000,000.
An ARM has an initial interest rate lower than those in the fixed rate category. For a set term of 1, 5, or 7 years, the rate of the loan will be fixed. After that time, it may be adjusted up or down based on several factors in the marketplace. Keep in mind, the interest rate may adjust upward affecting the monthly mortgage payment. Some ARMs can be converted to a Conventional Fixed Rate Loan at any time. Certain closing costs and fees may apply to the conversion.

Conventional Fixed Rate Loan
Conventional $80,000 up to $417,000
Jumbo loan $417,001 up to $1,000,000.
With a Conventional Mortgage Loan, the interest rate and term of the loan are determined and fixed at signing. The monthly payment doesn’t change. The loan can be for 15, 20, 25 or 30 years. Interest rate depends on points paid at closing, term and percentage of loan to value.

Balloon Loan
One of the many tools available to our loan officers. Payments are based on amortization of 30 years with a balloon of 3, 5, or 7 years. This loan normally provides you with a lower interest rate and payments when you need a shorter financing term.

Bridge Loans
We understand timing and its effect on the housing market. When you find the house you want at the price you like, it’s important to be able to move quickly. Yet, sometimes purchasing one home doesn’t always coincide with selling the one you’re in. Our Bridge Loan is designed to help you finance your new home, giving you the time you need to sell your old one. For more information, including current rates, please contact a loan officer at either office.

New Construction Loan
This loan keeps your monthly payments to interest only until your home is complete and you are ready to convert to permanent financing. Converting doesn’t have to come with high financing fees. We have a program designed around the special circumstances of new construction.

Home Improvement Loan
Whether your home or cottage needs improvements or repair, our loan officers can help you find the best loan for the project.

Purchase / Renovation
Finance the improvements you want with the same loan you get to purchase your home. One loan, one payment, and money to renovate, add on, or improve.

Consumer
When the amount you need is relatively small, this is a low cost loan. Use this loan to buy a car, boat, appliances, furniture, consolidate debts, or take a vacation.

Commercial
Your business loan is as important to us as your home loan and other financial needs. Talk with one of our loan officers and let us design a loan to help make your business a success.