Harleysville National Bank

Harleysville National Bank has been in business since 1909 and now operates 45 branches.  They are headquartered in Harleysville, Pennsylvania and serve the eastern part of the state.  Harleysville National Corporation was incorporated in 1982,  employs about 690 people, and hold assets of $3026 million.  For the fiscal year ending December 31, 2005, they posted a pretax earning of $51 million.

Harleysville National Bank Mortgage Loans

Harleysville Bank offers a variety of funding options.  For those who want the security of a payment that doesn’t change over the life of the loan, they offer a fixed rate mortgage. The rate will vary based on the term (a mortgage maturing in 15 years may offer a lower rate than a mortgage maturing in 30 years) and the number of points (0 to 3).  Harleysville also offers a wide variety of adjustable rate mortgage (ARM) products, including a 1 year ARM which will adjust every 12 months; a 3 year ARM that will adjust every 36 months; or the 3/1, 5/1, 7/1, and 10/1 ARMS that will be fixed payment for 3, 5, 7, or 10 years (respectively) and then become a 1 year adjustable loan thereafter.  ARM loans have various advantages to them, such as a low start rate so the customer can qualify for a higher loan amount. The rates are offered with 3 points to 0 points which would affect the rate and closing costs.  Harleysville National Bank offers fixed or adjustable rates for jumbo loans of $300,701 or more.

Harleysville National Bank Home Loans

For the buyer with excellent credit but little cash on hand, Harleysville offers a 100% financing option.  They also fund the Affordable Gold 97% Financing and the Gold 3/2 mortgage programs.  Affordable Gold provides for financing up to 97% of the home's purchase price. Private mortgage insurance is required and income restrictions apply.  Harleysville National Bank also funds Community Development Plan loans.  This program is designed to help low- to moderate- income customers afford to be homeowners.  They offer programs with no fees, no points, or low rates with as little as 3% down and minimal fees.

For the customer who is considering building their own home, a construction loan is available.  Harleysville’s construction mortgage features one easy settlement, six months of interest-only billing, just 3 points and a low $500 fee.  For those buying a new home and selling their old one, a swing loan is offered. Harleysville will lend the equity from the home the customer is selling before it settles so that the customer can buy a new home. You must have a signed sales agreement on your existing home and confirmation that a Mortgage Commitment has been obtained from the people buying your home.  They may lend up to 90% total Loan-To-Value (LTV), which would include any outstanding liens. 

Harleysville National Bank also funds investment properties.  They will finance up to 80% of the appraised value on a one or two unit rental property.  The points paid will be based on the loan-to-value ratio (appraised value less the mortgage amount).

A home equity loan or line of credit is an option if the customer already owns a home and needs some cash.  Harleysville National Bank funds home equity loans of $5,000 or more for up to 15 years at competitive rates.  Home equity lines of credit give the customer the flexibility to borrow, repay, and re-borrow as often as he needs to for the term of the line. Harleysville offers either the Vari-Best™ Line of Credit starting at $10,000 or the Vari-Best Advantage Line starting at $25,000.

Harleysville National Bank has many funding options from which to choose. The customer may apply online, print the application and mail it, apply in person, or apply over the telephone.

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