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Mortgage Loans

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Loans to Put You in Your Dream Home 

Choosing the right mortgage lender is almost as important as choosing the right home. When you choose Marion County Bank as your home loan provider, you know you’re working with a local lender who is ready to put your needs first. Our lenders know our markets, have great relationships with local realtors and the decisions related to your loan are made by our lenders in our offices. Have confidence knowing you’re working with a local lender from pre-approval to closing. To start the mortgage lending process, please complete our online application. 

*If you would like to apply in person or via paper application, please contact a Marion County Bank lender.

Apply Now Meet Our Lenders FAQs

Our Home Loan Options 

Home Loan Option 

What You Need to Know 

Fixed-Rate Mortgage 

This is an ideal option for borrowers seeking consistency in their monthly payments and protection in a rising interest rate market.  This option is one of the most popular choices for homeowners.

Adjustable-Rate Mortgage 

With this loan, your rate is fixed for an initial term before being subject to changes in the market for the remainder of the term.  This option exists for buyers who do not fit the typical homebuyer mold by providing more flexibility in underwriting.

Construction Loan 

This is a line of credit that provides the borrower with the financing needed to build their dream home from the ground up.  Draw on the line of credit as often as needed, and only pay interest on what is drawn.

Mortgage Loan Refinance 

Refinancing is a great option for borrowers with existing mortgage loans to reduce their monthly payment, pay less interest or shorten the term of their existing mortgage loan.  Ask us about our no closing cost refinance option.

First-time Homebuyer Loan Programs 

Marion County Bank offers first-time homebuyer programs that allows borrowers to overcome many of the traditional barriers to home ownership. These programs offer benefits such as lower down payments, reduced interest rates, and assistance with down payment and closing costs.

USDA Rural Development Loans 

Offered through the U.S. Department of Agriculture, these loans help low-income borrowers find financing to purchase in rural communities.  Income limits apply and benefits include 100% financing and no private mortgage insurance.

FHA Loans 

These loans are another option for low-income borrowers.  Federal Housing Authority loans often include reduced down payment requirements and relaxed underwriting standards.

VA Loans 

This is a loan program that offers exclusive benefits to veterans and their families through the Veterans Administration.  VA loan benefits include zero down payment requirement and no mortgage insurance.

Home Equity Line of Credit (HELOC) 

Have the flexibility to buy what you need, when you need it! With a HELOC from Marion County Bank your home's equity can work for you.

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Home Equity Loans 

Fix it! Remodel it! Consolidate it! Trade it! Use the equity in your home for convenient, all-purpose borrowing. Benefits include flexible rates and terms, along with the potential tax deductibility of interest (consult your tax advisor for details). Regardless of the purpose of the loan, Marion County Bank’s home equity loans can give you the borrowing power you require, for the things you need.

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Refinance Rate Watch

We understand you have better things to do than watch mortgage rates change.  Fill out this form to be added to our refinance rate watch. When rates hit your desired target, we will contact you!

Frequently Asked Questions (FAQs)

What programs are available for first time homebuyers?

First-time buyers have several mortgage programs and grants available to make purchasing a home more affordable and accessible. These programs are grouped into three categories: affordable mortgages, down payment assistance, and cash grants. 

  1. Affordable Mortgages: Lower down payment requirements and/or reduced mortgage insurance fees.
  2. Down Payment Assistance: These programs provide grants or loans to help cover the upfront costs of a down payment.
  3. Cash Grants: Non-repayable gifts that can be used towards the purchase of a first home.  

What is the current rate on a home loan?

The interest rate can fluctuate on a daily basis. There are several factors in determining a rate for a borrower such as a borrower’s credit score, income, type of transaction (purchase or refinance), type of property (primary residence, second home, or investment), and loan product.  Connect with one of our lenders for your specific rate quote.

How much home can I afford?

We consider several key factors to determine how much home you can afford. When you meet with one of our lenders, we can evaluate income, debt, cash reserves, credit scores, debt-to-income, and loan type to then determine a realistic budget for purchasing a home.

When should I get pre-approved?

We recommend to seek pre-approval when you are ready to put in an offer on a property and are confident in your house-hunting journey. Our lenders can provide a first-time homebuyer packet and a free consultation to guide you through the process of your home purchase.

Meet Our Lenders 

Pella Office

Danielle Benge

Danielle Benge

Residential Loan Officer

NMLS: 2532282

Divisions: Lending, Mortgage Lending, Personal Lending

Location: Pella Office

Phone: (641) 628-2191

Contact Me
Diane Roose

Diane Roose

Sr. Vice President, Residential Loans

NMLS: 508137

Divisions: Lending, Mortgage Lending

Location: Pella Office

Phone: (641) 628-2191

Contact Me
Josh Nelson

Josh Nelson

Loan Officer

NMLS: 2264210

Divisions: Lending, Mortgage Lending, Personal Lending

Location: Pella Office

Phone: (641) 628-2191

Contact Me

Knoxville Office

Vanessa Szlachetka

Vanessa Szlachetka

Assistant Vice President, Residential Loan Officer

NMLS: 410604

Divisions: Lending, Mortgage Lending, Personal Lending

Location: Knoxville Office

Phone: (641) 828-8000

Contact Me
Diane Danner

Diane Danner

Assistant Vice President, Residential Loan Officer

NMLS: 1722437

Divisions: Lending, Mortgage Lending, Personal Lending

Location: Knoxville Office

Phone: (641) 828-8000

Contact Me