Mortgages - Need More Information?

What Special Programs Are Available for First-Time Homebuyers?

S.A.I.L.

S.A.I.L. Program

Now 1st time homebuyers can SAIL into a new home, with an innovative new program from Macatawa Bank that offers alternative, credit-friendly features, including:

  • Up to 100% financing for a home in any location for any qualified amount
  • No mortgage insurance required = savings in the monthly payment
  • Low secondary market level interest rates
  • 5/1 ARM (Adjustable Rate Mortgages) with a lower initial interest rate that adjusts periodically based on an index such as US Treasury Securities
    plus a margin.
  • Consider the SAIL program if your household income is 100% of the median for your area or less, OR if you are purchasing a home in a low-to-moderate income census tract area.

Eligible Properties for SAIL program:
Primary residences and First-time home buyers only.

All loans subject to credit approval

Homeowners CD

This is a great way to save for the down payment on a new home or a home improvement project.

  • 5-year CD at a competitive rate with interest compounding quarterly
  • Open with just $100 and make unlimited deposits ($25 minimum)
  • No penalty for early withdrawal when used in conjunction with a Macatawa Bank Mortgage or Home Equity Loan. *

Whether you want to buy your first home, move to a larger one, or do a home improvement project, open your HOMEOWNER CD at Macatawa Bank today - and you'll have your down payment before you know it.

*6-month penalty for early withdrawal if not used with a Macatawa Bank Product.

Check our list of Mortgage Contacts or call (877) 852-4765 for the lender nearest you.