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Home Loans

We can help you feel at home before you even get there.

Buying a home

Buying a home is one of the most important purchases you’ll ever make. Whether it’s your first home loan or your fourth, it’s comforting to understand your options and to work with a lender who listens to your unique situation, then cuts through the mortgage jargon to present you with the best solutions for you. Experienced mortgage lenders know the right questions to ask: Are you considering a home purchase or is this a refinance of your existing home? Are you looking for a construction loan for a home you’d like to build, or is it a lot loan you need now? They can show you how to get prequalified for a mortgage, which can speed up the home buying process when you find that dream home.


Unsure about the mortgage loan process?

Rest easy. We’ve laid out the whole loan process so you know what to expect. Your Mortgage Loan professional will work closely with you to answer any questions you may have at each step.



What do I need to apply for a mortgage?

There are a few things you’ll want to have handy before applying for a mortgage. Check out what you need to apply for a mortgage here.




Family moving into new home

Fixed Rate Mortgage Loans

  • Fixed Rate Mortgages lock in your mortgage interest rate for a fixed period of time and give you peace of mind knowing your rate, and your payment won’t change for the life of the loan.

  • You choose your mortgage amortization period. You can go with 10, 15, 20 or 30 year Fixed Rate terms.

  • Once the term is set, so is your mortgage payment, with the same monthly payment each month for the life of the loan.


Couple walking their dog at their new home

Adjustable Rate Mortgages (ARM)

  • Adjustable rate mortgages are a form of home financing that have a fixed rate for a set period of time (5, 7, 10 years) and then adjusts yearly thereafter. The adjustment could be lower or higher than the original rate, depending on market rates at the adjustment time.

  • ARMs might be a fit if you know you won’t be staying in your home long-term or if your career demands frequent moves.

  • ARMs have lower monthly payments than fixed rate loans, for the initial period. Lower monthly payments can mean that you qualify for a larger loan.


New house construction

Construction Financing

  • Construction financing gives you the funding you need to build your home and once the home is complete the loan converts to a permanent loan. The interest rate is locked in and remains the same for the construction and the permanent phase of the loan.

  • With so many decisions to make when building, it’s comforting to put the financing in place once and not worry about it again. Our lending experts specialize in construction financing that offers a one-time closing.

  • We offer low down payment options and are a builder-preferred construction lender due to our streamlined construction draw process.


Lot for sale

Lot or Vacant Land Loans

  • Interested in buying a lot or vacant land? Macatawa Bank offers residential lot and land financing, giving you a loan to purchase that perfect plot of land which is the first step toward building your new home.


Large home

Jumbo Mortgage Loans

  • Loans of over $453,100 (amount adjusts annually) for single-family, single-unit homes are considered Jumbo Mortgages, or non-conforming mortgages, according to two government-sponsored enterprises, Fannie Mae and Freddie Mac. This is basically a loan that does not “conform” to the Fannie Mae and Freddie Mac guidelines.

  • This special category of financing was created to protect lenders due to the higher risk nature of the home. Luxury homes can be more affected by changes in home prices and not as easily sold at full price to ensure the lender receives full repayment.


Couple with keys to their new house

FHA Loans

  • An FHA loan is a mortgage issued by federally qualified lenders, like Macatawa Bank, and insured by the Federal Housing Administration (FHA).

  • FHA loans are designed for low-to-moderate income borrowers who are unable to make a large down payment.


Family playing outside

Rural Development Loans

  • A Rural Development (RD) mortgage is a United States Department of Agriculture (USDA) loan program offered to rural property owners.

  • RD loans are designed for low-to-moderate income borrowers and allow for 100% financing.

  • RD loans are targeted for properties located within less dense populations.


Disclosures and borrower information
Macatawa Bank's primary lending area is West Michigan. Online applications will be considered received on today’s business day if submitted during the course of the bank’s normal business hours;
9am EST – 5pm EST Monday – Friday, excluding Federal Holidays
9am EST – 12pm EST on Saturdays
Applications received outside of this timeframe, including Federal Holidays and Sundays will be considered received the next business day.


We're happy to help.

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