Loans we Offer


Veterans Administration (VA) Loans


We offer VA loans to military borrowers, including active-duty personnel, veterans, reservists, national guard, and their spouses.                                                           

  • No down payment
  • No Private mortgage insurance
  • Competitive rates
  • Use for an own-occupied primary residence


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Community Partners Program


We partner with FHLBank Atlanta to support those who make their living by serving our communities, including police officers, fire fighters, active-duty military personnel and spouses, educators, and health care workers.  You can receive up to $10,00 towards a down payment on a home, closing costs, or rehabilitation costs.  To be eligible, you must:

  • Contribute at least $1,000 towards the purchase of a home
  • Occupy the home as a primary residence
  • Complete a homebuyer education and financial literacy course


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Construction Loan Options


Bank of Clarke offers two convenient options if you are building a home.

One Closing. Benefits include substantial cost savings and a streamlined process.

  • During the construction phase, you pay interest-only payments on your loan balance for up to 12 months. 
  • Once construction is complete, the occupancy permit is issued, and the contractor/builder is paid, we modify the construction loan into a permanent mortgage.
  • The permanent mortgage is like any other mortgage:  Chose from any of Bank of Clarke’s flexible conventional mortgage options.

Two Closings.  If you already have a home and need the money from the sale of your existing home to fund a down payment on new construction, this option may help you meet your goals.

  • Your first loan pays for the construction phase of your new home.  When you move in, you get a mortgage to pay off the construction debt.
  • You pay for two closings and two sets of fees – first on the construction loan and second on the permanent mortgage.
  • You can live in your current home while your next home is under construction.
  • During the construction phase, you pay interest-only payments on your loan balance for up to 12 months. 
  • Once construction is complete, the occupancy permit is issued, and the contractor/builder is paid, we modify the construction loan into a permanent mortgage.
  • The permanent mortgage is like any other mortgage:  Chose from any of Bank of Clarke’s flexible mortgage options.

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