HomeTown Bank, N.A - Home Mortgage

HomeTown Bank, N.A
1050 North Bypass 35
Alvin, Texas 77573
Phone: (281) 388-5000
Fax: (281) 331-0418

Your HomeTown Bankers have a commitment to the community we serve. We are your friends, your neighbors, your partners in the development and prosperity of our HomeTown. You can depend on us to do what's right for you and the community, and to do everything we can to support worthwhile and progressive projects.

Also, because we're locally owned, we make decisions right here in town. There's no need to wait for approval from some far-off manager in a distant state who doesn't have a clue about local needs and conditions.

Your HomeTown Bank has over $180 million in assets and more than 39 years of experience supporting neighbors when needed most. Whether you need money for the home, a new car or college education for the children, your HomeTown Banker can help.

Home Mortgage
Interest rates and down payments are competitive on our long-term home purchase mortgage loans, and you may enjoy closing cost and appraisal fee advantages. We can usually provide financing and get you into your new home much quicker than typical mortgage companies.

Home Improvement
Loan purposes can include a swimming pool, additional rooms, kitchen remodeling, and many other improvements around the house. Typically, repayment of the loan is arranged over an extended period of years. Arrangements are flexible to match the borrower's need.

Home Equity Loan
If your home is valued at $100,000 and you owe $20,000 of the present mortgage principal. The following formula will help you to determine how much of a home equity loan could be available. You take the value of your home, $100,000 x 80%. The result is $80,000. From this you subtract the principal balance of your first mortgage. $80,000 - $20,000 = $60,000. This would be the amount available for a home equity loan if there are no other liens outstanding. The loan proceeds can be used for any purpose. Establishing the loan does not affect the Texas Homestead Exemption tax benefits. As a home mortgage, the interest paid may be tax-deductible.

Personal Loans
We make personal loans for education, debt consolidation, vacation and other purposes that make good sense to you and your family. Like all our loan decisions, they are locally made for local reasons.