Appalachian Community Bank

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Appalachian Community Bank
236 Hwy 515
Blairsville, GA 30512
Phone: 706-745-5571
Fax: 706-745-7871

For most people, mortgages are a part of life - if you want to buy a home, you’re likely to need a mortgage. We work hard to make sure your mortgage fits your long-term financial goals. We want you and your family to have a strong foundation to build your future on.

Programs Available

- Community Lending Programs
Tailored for first time homebuyers, our community lending options allow up to 100% financing, provide
homebuyer education, allow gift funds from family members and have special options for teachers,
police officers, firefighters and healthcare workers.

- Fixed-Rate Loans
Fixed-rate mortgages give you the peace-of-mind knowing your monthly principal and interest payment will not change.

- Adjustable Rate Mortgage
(ARM) Loans
An adjustable rate mortgage has a lower interest rate that is fixed for an initital period and then adjusts
based on financial market conditions. During the initial period, an ARM typically has a lower interest rate
than a comparable fixed-rate mortgage, so you can save on your monthly payments during the early years of your loan term.

- FHA Loans
FHA loans have been helping people become homeowners since 1934. The Federal Housing Administration (FHA) – which is part of HUD – insures the loan. FHA has a loan that allows you to buy a home, fix it up, and include all the costs in one loan. Or, if you
own a home that you want to re-model or repair, you can
refinance what you owe and add the cost of repairs - all in one loan.

- Reverse Mortgages
If you are 62 or older, the Home Equity Conversion Mortgage (HECM) is FHA's reverse mortgage program
which enables you to withdraw some of the equity in your home.

Vacation Home & Investment

- Property Loans
A vacation home or cabin can be a good investment, provide rental income and provide a tax deduction.
It can even turn into your year-round home after you retire. Investment property loans can be structured
in many different ways. Our goal is to find the right mortgage for your needs and long-term goals.

- Jumbo Loans
For homebuyers who need financing to purchase more expensive property or investment-minded buyers who can make a large purchase, but want to leverage their assets more effectively.

- 40-Year Mortgages
For homebuyers that want to extend the term of their mortgage to reduce monthly payments.

- The Making Home Affordable Plan
The Home Affordable Refinance Program gives homeowners with loans owned or guaranteed by Fannie Mae or Freddie Mac an opportunity to refinance into more affordable monthly payments. Visit the website, www.MakingHomeAffordable.gov, for detailed information about these programs along with self-assessment tools and calculators to determine whether you might be eligible for a modification or a refinance under the government’s program.

©2009 Appalachian Bancshares, Inc. All Rights Reserved.