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Home Mortgage Loans

We call the Mid-Ohio-Valley Home — and we want you to as well. We’ll work to get you the right rate and terms.

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Key Features

Variety of Financing Programs

Competitive Rates

Refinancing Available

Benefits
  • Finance your dream home with Riverview
  • Competitive rates for home purchase or refinancing.
  • Available for primary residence, second homes, vacation homes, or investment properties
  • Wide range of terms customized to your unique situation
  • A wide range of financing programs available:
    • Fixed-rate mortgages
    • Adjustable rate mortgages (ARMs)
    • Cash-out refinancing
    • Duplex mortgages
    • And more
  • Helpful loan advisors with working knowledge of the Washington County real estate market
  • Free pre-approval for extra confidence when buying your home
  • Refinance your current home to potentially lower your rate
  • Prompt decisions made locally in the Belpre or Marietta area
  • Attentive, friendly service from start to finish

FAQS

Can I be approved for a higher loan amount?

Your credit score, income and existing debts directly affect how much you qualify to borrow.

Can I pay extra toward the principal on my loan?

Yes, you can pay extra toward the principal on your loan as long as your mortgage or fixed-equity loan payments are up to date. In order to apply a payment directly to the principal please come to one of our offices. 

Can I refinance my mortgage if my original loan isn’t with Riverview?

Yes. You can refinance your mortgage with Riverview, even if the current mortgage is with another financial institution. 

Do I need a down payment?

Not always. Many of our mortgage loans are available to qualified applicants with no down payment or little down payment required.

Does Riverview have a first-time buyer program?

No, Riverview doesn’t have a first-time homebuyer program, but we do offer loan products with no down payment and no PMI that make buying a home more affordable for first-time homebuyers.

Does Riverview offer construction loans?

No, Riverview doesn’t offer funding for new construction. However, once construction is complete, you can refinance your funding into a mortgage loan with Riverview.

How do I get a prequalification letter?

After you apply for a loan, a Member Solutions Officer will review your application. Have the following documents and information for all borrowers so you’ll have them ready for the verification process.

  • W-2 forms for the last 2 years
  • Pay stubs for the last 1-3 months
  • Personal tax returns for the last 2 years
  • Social Security number
  • Monthly debt and living expenses
  • Two months of bank statements for financial institutions not with Riverview

How do I pay off my mortgage?

To pay off your mortgage, simply request a payoff quote. A payoff quote will capture the full balance due to pay off your loan. It’s important to get a payoff quote, as the principal balance of your account is different than your full payoff amount due to interest calculations, any outstanding fees and the recording fee collected to release the lien.

How long does it take to get a mortgage?

It typically takes 45-60 calendar days to close on your mortgage once you’ve submitted all required paperwork and documents. However, closing times vary based on many factors, so check with your Member Solutions Officer to better understand when you can expect to close.

How long is my prequalification letter good for?

Your prequalification letter is good for 90 days. If you are not able to find a home within that timeframe, we encourage you to reapply.

I made a payment, but my balance only decreased a fraction of the amount. Why is that?

Your monthly payment is divided and applied to both your principal balance and your interest. As your loan matures, the amount of each payment applied toward the principal balance will increase, and the amount of each payment applied to interest will decrease. 

What are discount points?

Discount points are optional fees you can pay directly to Riverview at closing in exchange for a reduced interest rate. One point is equal to 1% of the total loan amount. Depending on how long you plan to be in your home, it might make sense to pay these points and obtain a lower rate.

What are the steps to get a mortgage?

  1. Prequalification
    Even before you start looking at homes, the first step in the mortgage process is getting a prequalification letter from a lender, which provides documentation of how much money you’re eligible to borrow.
  2. Home Search
    Once you have your prequalification letter, work with your real estate agent to find a home. After you’ve found your new home, reach out to your Member Solutions Officer with your signed purchase agreement.
  3. Processing
    Your processor will then prepare and submit your mortgage application for final review and approval. You may be asked to provide additional supporting information. During this time, your appraisal and title work will be ordered for the home you’re hoping to buy.
  4. Closing
    The last step in the mortgage process is closing. This is where you assume ownership, your loan is funded, and you get the keys to your new home.

What do I do once my offer is accepted?

When your offer is accepted, you’ll have a signed purchase agreement. Contact your Member Solutions Officer to begin the loan process. 

What does it mean to refinance a mortgage?

Refinancing means replacing your existing mortgage with a new mortgage with better terms or features.

What fees should I expect as part of my mortgage?

Common types of mortgage fees include origination, application, credit report, appraisal, title work, and underwriting. Riverview doesn’t require an application fee or a loan origination fee. Any applicable fees will be listed on your Loan Estimate form, which you’ll receive after applying for a mortgage.

What’s a Loan Estimate (LE)?

A Loan Estimate is an industry-standard form we’ll give you after you apply for a mortgage. It provides you with valuable information about your loan, including the interest rate, monthly payment and estimated closing costs. Since these line items are estimates, certain costs may change between the original Loan Estimate and your closing date.

What’s a mortgage prequalification?

A prequalification shows how much you’ll be eligible to borrow when you decide to make an offer on a home. Your prequalification is based on information you provide, including your credit score, income, assets, debts, employment history and other financial information. The prequalification isn’t a commitment to lend yet—your information will still need to be verified with supporting documentation.

What’s private mortgage insurance (PMI)?

PMI is insurance that a buyer pays to protect the lender in case your loan ends up in foreclosure. Though most lenders require PMI for home purchases with down payments of less than 20%, Riverview offers many loan products that don’t require PMI. This can keep your monthly payment lower.

What’s the difference between a fixed-rate and an adjustable-rate mortgage?

With a fixed-rate mortgage, your interest rate stays the same for the life of your loan. Riverview offers 10-, 15-, and 20-year fixed rate mortgage loans. With an adjustable rate, your loan begins with a fixed rate for a specified period of time and then adjusts higher or lower based on an index. Riverview offers ARM loans up to a 30-year term. 

What’s the maximum I can get approved for?

Several factors are involved in determining how much you can borrow for a home loan, including your income and debt, savings, credit score and interest rate. Check out our Mortgage Qualification Calculator to get an idea of how much you may qualify to borrow.

What’s the difference between an interest rate and an annual percentage rate (APR)?

An interest rate is the cost you pay annually to borrow money, expressed as a percentage of your total loan. In contrast, APR includes the interest rate plus other costs, such as pmi, discount points and some closing costs and loan origination fees. 

Today’s Rates. Calculate your earnings or payments.

Calculate your rates now

mortgages Mortgages

As low as

*6.625%

APR

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mortgages Auto Loans

As low as

*4.60%

APR

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mortgages Certificates

Up to

*5.12%

APR

Learn More

mortgages Home Equity Line of Credit

As low as

*8.25%

APR

Learn More

*Rate dependent on several factors, the rate shown will not apply to every loan. Rates can vary based on other criteria.