What is a custom loan?
What exactly is a custom loan and is it right for me? To make it plain and simple, a custom loan is a loan that a mortgage lender creates specifically for a borrower. This may seem a bit broad but it really can be a loan that doesn't necessarily fit into any other specific category. If the loan is able to be created within the capacity of the lender's abilities, it is designed as a custom loan. These types of loans are also known as "Tailor-made Loans" which refer to the loan in nature as being tailored to the client.
You may be in need of a Custom Loan if you fall into the following circumstances:
- You've looked at all the loan options available to you and can't seem to find one to fit your needs
- You have a unique situation that doesn't fall into any loan category types
- Other banks and lenders have not found the right loan for you that you will be satisfied with
If any of these situations seem like something you are or could be going through, contact us today to sit down and discuss putting together a custom loan for you. Many times, you may just need a different type of loan created for you. While these custom loans are not as common, First Savings wants to make sure that at the end of the day, you have a loan that fits your needs.
The process for obtaining a Custom Loan is also unique. Because the loan will be customized to fit your needs by nature, you'll need to talk to one of our experienced Loan Officers. Our loan officers will discuss your every need and provide you with answers to all of your questions. Based on that discussion, your loan officer will then create a custom loan and inform you about all of the details. Contact one of our many Loan Officers to discuss what you may need.