Mortgage Information and Current Rates from Mercer Savings Bank

Buying a home is the biggest investment that many of us will ever make. At Mercer Savings Bank, we offer a range of home mortgage loan options based on your needs, whether you’re a first-time buyer or looking to upgrade or downsize!

Easy Online Mortgage Loan Application

Apply for Your Mortgage Loan Today in Just 20 Minutes

You can also schedule an appointment with a home mortgage loan officer at any one of our locations in Celina, Fort Recovery, and Greenville.

Quick Home Mortgage Loan Calculator

Mortgage Payments

mortgage rates and calculators

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Mercer Savings Bank Mortgage Rates

The table below lists Mercer Savings Bank’s current mortgage rates in Mercer and Darke Counties in Ohio. These rates are current as of the date listed below and are subject to change.

ProductInterest RatesAPR
30 Year Fixed Rate5.625%5.692%*
15 Year Fixed Rate5.375%5.488%**

Rates, terms, and fees as of 6/24/2022 are subject to change without notice

*At a 5.625% interest rate the APR for this loan is 5.692%.  The monthly payment schedule would be:
359 payments of $1,151.31
1 payment of $1,153.68
The information provided assumes a loan amount of $200,000 and an estimated property value of $250,000.  An escrow account for taxes and insurance will not be established.

**At a 5.375% interest rate the APR for this loan is 5.488%.  The monthly payment schedule would be:
179 payments of $1,620.93
1 payment of $1,621.13
The information provided assumes a loan amount of $200,000 and an estimated property value of $250,000.  An escrow account for taxes and insurance will not be established.

Home Equity Loans and Home Equity Lines of Credit

Tap into the existing equity in your home with a home equity loan or home equity line of credit (HELOC).

Both offer the ability to provide financing by leveraging the equity of your home. A Mercer Savings Bank loan officer can help determine which is best for you.

Home equity loans are a way to borrow money by leveraging the equity of your home. The loans are based on the home equity you’ve built, meaning how much you’ve paid on your existing mortgage versus the value of your home. Rates are fixed at the onset of the loan. To see how much you may be able to borrow, divide your mortgage’s current outstanding balance with the current value of your home.

It's a line of credit that functions similarly to a credit card. Borrowers have a credit limit and can borrow up to that amount. You can continue to redraw on the balance that you pay down. Rates may fluctuate from month to month.

We make the process easy. Simply make an appointment with a Mercer Savings Bank loan officer, and we’ll work with you to begin the process. Your loan officer will let you know what else you need for your specific loan.

Typically, these loans can be available as quickly as 2 weeks.

Funds from a home equity loan or HELOC may be used for a variety of applications: 

  • Making home improvements
  • Paying for a new car
  • Going toward a child or grandchild’s college tuition 
  • Covering an unexpected expense.
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