Fixed Rate Mortgage

Purchase a new home or refinance your existing home with predictable and steady monthly mortgage loan payments. A fixed rate mortgage loan offers a consistent principal and interest payment for the life of your loan.

  • Down payments as low as 3% of the purchase price
  • Flexible terms available
  • Available for primary and secondary homes, investment properties, and manufactured homes
  • No pre-payment penalties

Adjustable Rate Mortgage

Each ARM loan option features a fixed rate for its initial term. After the initial term, the rate and payment could increase or decrease.

  • Lower payment for the first years of your loan
  • Initial fixed rate terms available for 1, 3, 5, 7, & 10 years
  • Flexible terms available
  • Available for primary and secondary homes, investment properties, and manufactured homes
  • No pre-payment penalties

First Time Homebuyers

First-time homebuyers have a variety of programs and incentives to purchase your new home with a small down payment and lower rates. Why rent when you can own?

WV Housing Homeownership Program

This First-Time Homebuyer program allows you to purchase your new home with a small down payment and a low fixed rate.

  • Flexible terms available
  • Up to 100% of the purchase price can be financed
  • Lower Mortgage Insurance premiums
  • Can combine with the Down Payment/Closing Cost Assistance Program

Physician Loan

If you are a physician, resident, or fellow, we offer a mortgage program that will lend up to 100% with no private mortgage insurance. The Physician loan is designed to assist healthcare professionals with the purchasing or building of a primary residence.

  • Adjustable rate options
  • Up to 100% financing and no monthly mortgage insurance payments
  • Competitive pricing
  • Flexible terms available
  • No pre-payment penalties

Jumbo Loan

This program allows you to borrow more than $647,200. These jumbo loans have fixed and adjustable rate options for both primary residences and vacation homes.

  • Fixed and adjustable rate terms
  • Flexible terms available
  • No pre-payment penalties
  • Finance up to 85% for a purchase

VA Loan

Ask us about loan options exclusive to qualifying veterans of the Armed Services, those currently in active duty or the reserves, and widows and widowers of veterans.


A USDA loan, also known as Rural Housing loans, offers loans for low-to-moderate income borrowers in designated rural and suburban areas, with no money down and a low fixed rate.

  • No down payment requirement
  • Fixed rates
  • Closing costs may be financed if the appraisal value exceeds the purchase price.
  • No reserve requirements
  • No pre-payment penalties
  • Lower monthly mortgage insurance premiums compared to conventional mortgage insurance.

Land-Only Loan

Clear Mountain Bank can help you purchase land. We offer land loans with competitive rates and flexible terms available. This type of loan will help finance a residential lot with intentions of future residential development or raw land used for recreational use.

  • Flexible terms available
  • Finance up to 90% of the purchase price on residential lots
  • No pre-payment penalties

Construction Loan

Clear Mountain Bank will allow you to make interest-only payments during your new home's construction phase and automatically convert into permanent financing when your house is complete.

  • Interest only payments during construction phase
  • Flexible terms available
  • Automatically converts to permanent financing
  • No pre-payment penalties

Our team of Mortgage Specialists is sure to help with all your mortgage and refinancing needs. Contact us today to learn more.

Fannie Mae RefiNOW

RefiNow is a new refinance mortgage option with flexibilities aimed at making it easier and less expensive for qualifying homeowners to reduce their monthly housing costs.

  • Debt-to-income ratio (DTI) up to 65%
  • Interest rate reduction of at least 50 bps required
  • A reduction in the monthly payment that includes principal, interest, and the mortgage insurance payment (if applicable)

Select a location