Residential Mortgage

Residential Mortgage

Cecil County and the surrounding area is a region built on community. NRBS has been helping our neighbors purchase the home of their dreams for more than 125 years.

We take the time to simplify what can seem like a complicated process. Decisions are made locally by your personal loan officers, not at some faraway headquarters. We offer several loan programs, and will tailor the perfect package for you.

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  • Competitive rates
  • Exceptional, personalized service
  • Local decision making
  • Easy application process
  • Prompt closing
  • Multiple options

Refinance your home for a lower interest rate:

  • Reduce monthly payments
  • Convert ARM to fixed rate
  • Closing costs can be rolled into mortgage
Fixed Rate Mortgage
  • Interest rate will not increase over time
  • Available with as little as 5% down*
  • First-time home buyers specials available
  • Conventional loans typically have fewer fees
  • Little or no change to monthly payments
  • No pre-payment penalty

*Private mortgage insurance (PMI) is required for loans more than 80% of the appraised property value.

Adjustable Rate Mortgage (ARM)
  • Lower initial interest rates, lower monthly payments initially
  • ARMs available with initial periods of one, three, or five years
  • Re-pricing will occur once per year after initial term
  • Can provide greater up-front buying power

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