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Home Loans

Homeownership helps build vibrant, thriving communities. Whether you’re looking to build, buy, or refinance your home, we've got loan options to meet your unique needs.

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Home Loan Options

Whether you're looking for your first home, next home, land, condo, or even a manufactured home not on a permanent foundation, we've got the loan for you.

We can help with purchase and refinance loans, including rate term refinances and cash out refinances for home improvement or debt consolidation.

Fixed-Rate Mortgage Loan

A fixed-rate mortgage loan offers predictable and consistent monthly payments, making it easier to plan long-term finances.

  • Financing for 10-, 15-, 20-, and 30-year fixed-rate terms, depending upon property type
  • Low down payment options available
  • Manufactured homes must be on permanent foundations
  • Conventional and jumbo loan options available

Talk with a Loan Officer

Adjustable-Rate Mortgage Loan

An adjustable-rate mortgage loan typically offers lower initial payments and then the rate adjusts after the initial period, based on market conditions. That means your monthly payments could increase or decrease. ARMs are typically best for those who will move or refinance before the first rate adjustment.

  • 3/3 or 5/5 ARM loans available, depending upon your loan and property type
  • Financing available for primary residence, second home, or investment property up to 4 units
  • Manufactured homes must be on permanent foundations
  • Conventional and jumbo loan options available
  • Terms and conditions vary by property type and loan purpose. Please ask your loan officer.

Talk with a Loan Officer

Loan terms and conditions may vary by property type, loan type, and/or income or credit qualifications. All loans are subject to approval.

Next Door Neighbor Loan Option

With only 5% down, our Next Door Neighbor Loan option waives private mortgage insurance for:

  • 30-year, fixed-rate loan
  • 3% down payment waives mortgage insurance for public or healthcare workers, first responders, educators, people who work for cooperatives or nonprofit organizations, and people who are members of a recognized U.S. tribe

Talk with a Loan Officer

Loan terms and conditions may vary by property type, loan type, and/or income or credit qualifications. All loans are subject to approval.

Manufactured Home Loan (Not on permanent foundations)

This loan offers affordable financing for manufactured homes NOT on permanent foundations.

  • Financing available for 10-, 15-, and 20-year, fixed-rate terms, depending upon the age of home and overall loan-to-value
  • 25-year term for brand new properties only
  • Home must sit on borrower-owned land or within an approved mobile home park
  • Low 5% down payment, with a minimum of 3% coming from the borrower
  • Age of home must be 1990 or newer

Talk with a Loan Officer

Loan terms and conditions may vary by property type, loan type, and/or income or credit qualifications. All loans are subject to approval.

Cash-Out Refinance Loan

Our Cash-Out Refinance Loan helps you convert the equity you have in your home into cash.

  • Financing available for your primary residence, second home, or investment property (up to 4 units)
  • Fixed- or adjustable-rate loan options
  • Conventional or jumbo loans available

Talk with a Loan Officer

Loan terms and conditions may vary by property type, loan type, and/or income or credit qualifications. All loans are subject to approval.

Land Loan

Our land loan offers fixed and adjustable-rate financing.

  • Financing for 10- and 15-year fixed-rate terms
  • Conventional and jumbo options available
  • Finnancing for 20-year 5/5 ARM

Please ask your loan officer.

Talk with a Loan Officer

 

Construction Loan

Clearwater's Construction Loan offers up to 12 months of financing to build your primary residence.

  • Must use a licensed contractor for construction
  • Financing up to 70% loan-to-value during the construction period
  • Permanent loan financing must be in place prior to the approval of the construction loan

Talk with a Loan Officer

Loan terms and conditions may vary by property type, loan type, and/or income or credit qualifications. All loans are subject to approval.

One-Time Close Renovation Loan

Buying a fixer-upper? Our Renovation Loan helps you finance the purchase and upgrade of your new home all-in-one loan.

For purchase or refinance of primary residence only
Must use a licensed contractor for structural or safety work
Construction that includes energy efficiency or conservation, health or safety, or accessibility measures may qualify for a reduced rate

Talk with a Loan Officer

Loan terms and conditions may vary by property type, loan type, and/or income or credit qualifications. All loans are subject to approval.

USDA Rural Development Loan

This loan from the U.S. Department of Agriculture (USDA) offers financing to buy a home in a qualified rural area.

  • Income and credit qualifications apply. Please ask your loan officer.
  • Financing for primary residence only
  • Other property terms and conditions may apply. Please ask your loan officer.
  • Depending upon qualifications, this loan may be partnered with a Montana Board of Housing loan to increase home affordability

Talk with a Loan Officer

Loan terms and conditions may vary by property type, loan type, and/or income or credit qualifications. All loans are subject to approval.

Veterans Administration (VA) Loan

The Department of Veterans Affairs offers VA loans to help make homeownership accessible for veterans, active-duty service members, and their families. With a VA loan, you can buy, refinance, or improve your home.

  • Competitive interest rates
    No or low-down payment options
  • Must be an eligible veteran who applies for and receives a Certificate of Eligibility
  • Financing for primary residence only
  • Depending upon qualifications, this loan may be partnered with a Montana Board of Housing loan to increase home affordability

Talk with a Loan Officer

Loan terms and conditions may vary by property type, loan type, and/or income or credit qualifications. All loans are subject to approval.

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Home Buying Calculators

Our collection of home-buying calculators can help you:

  • Estimate how much home you can afford
  • Estimate your monthly mortgage payment
  • Determine the income required for a specific loan amount
  • Compare mortgage loan options
Home-Buying Calculators

Not Sure Which Loan is Right for You?

Our Home Loan Team can help you determine the right loan for your unique needs, and they'll guide you every step of the way. Contact one of our loan officers to discuss your options and take the next step toward achieving your home financing goals.


Talk with a Loan Officer

Clearwater employee Tom Boyle, meeting with new homeowners at the Butte, Montana branch.

Why Choose a Clearwater Home Loan?

  • Ethical, values-based home loan lender
  • Loan officers who live, work, and volunteer in your community
  • Local underwriting and servicing by people who understand the Montana real estate market
  • Competitive rates and low fees
    Flexible terms to meet your needs

Homebuyer Resources

Getting Pre-Approved

A crucial home-buying step is getting pre-approved by a mortgage lender, so you know how much you can afford. It also gives you a stronger position when negotiating with sellers.
Video: 2 mins
Watch Video

Shopping for a Home

Finding a home can be both exciting and overwhelming. There are many things to consider, and this video offers important steps to follow as you search for your new home.
Video: 3 mins
Watch Video

Qualifying for a Mortgage

Before applying for your home loan, it’s helpful to learn about the six key factors that lenders assess to determine your financial capacity and make their decision.
Article: 3 min read
Read Article