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BTC Bank

Home Mortgage Loans

Keep It Close to Home With BTC Bank

The right home loan can help you move into the house of your dreams with affordable monthly payments that fit your budget. Our in-house mortgage loan officers provide highly competitive, tailored solutions for your home ownership journey. 

Choosing the right home loan lender can make the whole process easier. With BTC Bank, decisions are made locally by our community-focused team, guiding every step of your home loan process. Our personal service and sound banking practices give you peace of mind and a friendly person to call whenever you have a question about your application. 


What are my home loan options and how do they work?

It has been said that home ownership is an essential part of the American dream. At BTC Bank, we are proud to partner with you to help you achieve that dream. We offer a full range of home mortgage loans at competitive rates. There are also several government-guaranteed loan programs to help first-time buyers. Learn more about the options below, or contact your local branch for more information.

Conventional Mortgages

These types of mortgages are provided through private lenders such as banks, mortgage companies, or other financial institutions. 

Adjustable Rate Mortgage (ARM)

These loans have an initial fixed interest rate for a certain length of time. After that, your mortgage rate will vary from year to year depending on index rates. Your interest rate could actually go down, but it could also go up, both of which affect your monthly payment. Many people with adjustable rate mortgages either sell their house after the initial fixed period or refinance into a fixed rate loan.

Fixed Rate Mortgage

Lock in today’s mortgage rates and make consistent monthly payments toward the principal, interest, and property taxes over the term of your loan. Fixed rate mortgages vary in length from 10, 15, 20, or 30 years.

Home Equity Loans

Your home equity is the difference between your current mortgage balance and the market value of your home. Once you’ve paid off enough of your mortgage and/or your home’s market value has increased, you can use a home equity loan to borrow money at a low interest rate.

Home Improvement Loans

You can turn your house into your dream home by financing home improvement projects from updating paint colors to adding a new backyard deck to adding hardwood floors. 

Home Mortgage Refinancing

Refinancing options are available for homeowners who wish to lower their monthly mortgage payments with a lower interest rate or to cash out some equity that's been acquired.

Government-Backed Loans

These types of mortgages are underwritten by banks, but guaranteed by the federal government, which makes it easier for banks to issue mortgages to specific populations of buyers such as veterans or first-time homeowners without a large down payment.

VA Loans

Available to eligible service members, veterans, and surviving spouses. The Veteran’s Administration provides insurance on VA loans, making it possible for lenders to offer up to 100% mortgage financing with a mortgage insurance requirement.

USDA Loans

Available loan program from the United States Department of Agriculture to help low and moderate-income buyers in eligible rural areas obtain financing.

Choose a Community Minded Mortgage Company!


Since 1919, BTC Bank has provided friendly service and sound banking practices to individuals and businesses in Missouri and Lamoni, Iowa. When it comes to mortgage lenders, we have local expertise, competitive rates, and the flexibility of a community bank. We especially understand the needs of home buyers in the many rural areas we serve. Contact us today to learn more about your mortgage and refinancing options.

Check out our various Mortgage Loan Calculators to jump-start your personal and financial goals!

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