Mortgage Loans
West Gate Bank offers a variety of mortgage loans to fit your needs. Whether this is your first house or your sixth, our team of expert loan officers in Lincoln and Omaha are here to guide you through the process to find the right loan for you. Learn more about the programs we offer and then contact one of our lenders with questions or to get started!
Finding your dream home should be an enjoyable journey. Our local, expert mortgage loan officers are here to help!
Most Common mortgage loan typeA conventional loan can be used to purchase or refinance your home.
- Maximum loan amounts determined by property location
- Fixed interest rate
- Minimum down payment is typically 5%, but may be as low as 3% for qualifying first-time home buyers
Available to eligible Veterans, active-duty service members, reservists and eligible surviving spouses used to purchase or refinance your home.
- Up to 100% financing available
- Flexible credit and income qualifying guidelines
- No monthly mortgage insurance required
Low Down Payment and Competitive ratesFHA loans are insured by the Federal Housing Administration and offer accessible down payment and credit requirements to purchase or refinance your home.
- Great for first-time homebuyers and people with less than perfect credit
- Low down payments of as little as 3.5%, which may be gifted
- Higher seller concessions allowed to lower your closing costs
These consumer-friendly loans are government-backed loans geared to low-income and moderate-income families.
- No down payment requirement
- Relaxed credit requirements
- Your home must be located in an eligible rural or suburban area and is subject to income limits.
NIFA program is for qualified home buyers with down payment assistance options available.
- Programs available for first-time and repeat homebuyers
- Subject to household income limits
- Low down payments and closing costs
