Personal Loans

At Terrabank, we pride ourselves in offering the flexibility in lending products that our international clients want and deserve. That is why we offer a wide array of Lending Programs that can meet most of our client’s needs.
Our extensive knowledge of the International Market gives us the ability to customize loans to meet our client’s financing objectives. We have programs that can serve the specific needs of local borrowers or foreign national borrowers.
Through our mortgage portfolio program both local and foreign borrowers have the flexibility to buy or refinance a residential property. Borrowers can take title in a variety of different structures whether it be under a personal name, corporate name, trust or other structures.
This flexibility in taking title to the property is available for primary, secondary and investment properties. Our residential loan programs are available for conforming and jumbo loans.
If you are an investor, we can work with you in the purchase and refinancing of properties to help you maximize your loan benefits.
Whether you are buying a vacation home or would like to invest in a rental property, we are here to help find the right mortgage for you.

Residential Loans

Through our mortgage portfolio program both local and foreign borrowers have the option to buy or refinance a residential property and take title in a variety of different structures whether it be under a personal name, corporate name, trusts or other structures. Our residential loan programs are available for conforming and jumbo loans.

If you are an investor we can work with you in the purchase and refinancing of properties to help you maximize your loan benefits.
Whether you are buying your first home, want to upgrade to a larger property or invest in a rental property we are here to offer you the right financing to achieve your goals.

Types of Residential Financing

Types of Uses

  • Primary Residence
  • Second Home
  • Investment Property

Type of Financing

  • Purchase
  • Refinancing- Rate and Term
  • Refinancing- Cash Out

Type of Properties (1)

  • Single Family Homes
  • Townhomes
  • Condominiums
  • Duplex, Triplex, Fourplex

Interest Rates

  • Fixed Rate Up to 5 Years

Property Title

  • Individual Name
  • Corporate Name (2)
  • Trusts (2)

Residency

  • US
  • Foreign Nationals (3)

Benefits of Our Loans (2)

Flexibility in Holding Title

Our loans programs allow you to hold title under your personal name or different legal structures. This can give you the flexibility you may need for tax and estate planning purposes.

Portfolio Loans

Our Portfolio Loans allow us to be more flexible with our underwriting criteria which increases your ability to qualify for the loan you want.

We Service Your Loan

We retain the servicing of our Portfolio Loans. Consequently you’ll always be able to talk to us about any issues or questions you may have about your loan.

Local Knowledge and Decisions

As a community bank we know the fundamentals of our market and we take into account our knowledge of these factors in making our credit decisions

Cash Secured Loan

What is a CD Secured Line of Credit / Loan

A CD Secured Loan is an installment loan or a line or credit secured by a Certificate of Deposit. Because of the nature of the collateral (cash), the interest rate for repayment is lower than other forms of business credit.

Benefits & Features

  • Simple application process
  • Low interest rates (%CD + %MARGIN (between 1% - 3%) with a floor of 3%)
  • It is secured by a Terrabank, N.A. CD account as collateral
  • The customer can borrow up to 95% of face value of CD
  • Credit lines range from $10,000 +
  • The customer can set up automatic payments from their checking account.
  • Terms vary between 12 to 36months
  • Purpose: Business and Personal reasons

Fees

Loan Processing Fee: $250.00
Loan Fee: $100.00
Doc Stamps: $0.35/$1,000.00 of the loan (final amount depends on the loan value)

How to Apply

  • Contact your account Officer at Terrabank

(1) 1 to 4 units only.

(2) Available for Portfolio Loans Only.

(3) Subject to certain country limitations.

 This is not an offer to lend. Financing subject to credit evaluations and subject property collateral approval. Other restrictions may apply. The above terms and conditions are subject to change at any time without notice.

 For more information, please contact us at (305)448-8787 or lending@terrabank.com