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Community's mortgage options always keep the buyer in mind.


Community's Mortgages

Community offers a variety of fixed rate loans to purchase a home or refinance your mortgage. Now Community also offers a mortgage calculator to help you find which mortgage plan is best for you.   Online loan inquiry

There are many advantages of a mortgage at Community:

  • You pay the same rate over the life of the loan.
  • No teaser rates or rate increases that can be found with an adjustable rate loan.
  • Principal and interest payments never vary.
  • A "Zero Points" option saves on closing costs.
  • For lower down payments, consider a CHOP loan

All loans subject to underwriting standards of Community Savings Bank.

15-Year Mortgages*

Consider the benefits!

15-Year mortgages can save you thousands of dollars in interest. They also allow borrowers to build equity faster and get a lower rate than 30-year mortgages.

* For example: A $150,000 loan with a term of 15 years will have 180 monthly payments of $1,265.79 with a corresponding Annual Percentage Rate (APR) of 6.308%. A $150,000 loan with a term of 30 years will have 360 monthly payments of $972.90 with a corresponding APR of 6.943%. Minimum down payment for both loans is 20 percent. The above payments do not include escrow payments for real estate taxes and insurance which will make the actual monthly payment greater.

Example as of February 1, 2024.

Fixed Rate Mortgages

Fixed Rate mortgages are the only kind of mortgage Community offers for the purchase or refinance of residential properties. Principal and interest payments will never change throughout the life of the loan.

Zero Points Mortgages

To help keep buyers' "up front" costs low, Community offers Zero Points mortgages and participates in a number of home ownership programs. See one of Community's knowledgeable Loan officers for details.

Multi-Family Loans

Community also makes loans on multi-family residential properties. They are also available with great terms and rates. Call Art Neville (NMLS# 715802) to learn more.

Community's Pay-O-Matic Program

Community's Pay-O-Matic program saves 1/4% off your mortgage interest rate.

Sign up and your monthly payment is automatically deducted from your NOW Checking account or your Statement Savings account.

Online Loan Inquiry

Begin the loan application process by filling out our loan inquiry form. Upon completing the form, one of our loan officers will be in contact with you about your borrowing needs. We recommend filling out the form if you are interested in one of the following:

  • Applying for a loan,
  • Prequalifying for a loan,
  • Receiving a loan pre-approval, or
  • Looking for more information about the lending process.

Chop Loans

Community's Home Ownership Program (CHOP) makes it possible for a qualified applicant to buy a home sooner.
Saving for a high down payment requirement is one of the most difficult parts in buying a home.

With CHOP*, qualified applicants can buy a home with a low 5% down payment and a fixed interest rate.

  • More people can buy homes that once were out of reach.
  • Single family and two apartment buildings are eligible.
  • Zero point loans. Income and loan caps apply.

Lower Your Borrowing Costs

Up to $10,000 available for the purchase of your home.

If you want to buy a home and have a steady income and good credit, Community and the Federal Home Loan Bank of Chicago can help. Through the Downpayment Plus® Program*, up to $10,000 may be available to eligible homebuyers to use toward down payment and closing costs. Ask one of our loan officers today about the Downpayment Plus Program to see if you are eligible. Homebuyers must meet income eligibility requirements and:

  • Contribute at least $1,000 to the purchase of the home;
  • Complete pre-purchase homebuyer education and counseling; and
  • Live in the home as your primary residence.

Community Savings Bank is committed to helping our neighbors. We can help lower your borrowing costs if you qualify for the Downpayment Plus Program.

*Downpayment Plus is a program from the Federal Home Loan Bank of Chicago. Restrictions apply. Please see the Federal Home Loan Bank of Chicago’s website for complete requirements. “Downpayment Plus” is a registered trademark of the Federal Home Loan Bank of Chicago.

Strategic Partnership

Community proudly works with Northwest Center to help local families achieve home ownership.

Get Started

For more information about Community's lending products please call or see one of our Loan officers during regular business hours at (773) 685-5300.

*All loans are subject to Community underwriting standards.
*We service our loans.



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