What is Home Select?
Home Select is a first-lien mortgage program structured with an integrated banking relationship designed to help borrowers reduce interest cost over time by applying deposits against the loan balance in a structured way (program details vary—your loan officer will walk through the mechanics).
Who it can fit
- Borrowers who maintain consistent cash flow and want a strategy-oriented mortgage.
- Purchase or refinance scenarios (guidelines apply).
- Primary, second home, and investment properties may be eligible (program rules vary).
Program highlights (overview)
- No balloon payment and no prepayment penalty (program terms apply).
- Designed with long-term access to equity features (as described in program disclosures).
- Higher loan amounts may be available in some cases (limits vary).
- May be used for single-family and multi-unit properties when eligible.
Typical qualification themes
- Higher credit score requirements than many standard loans.
- LTV maximums differ for primary homes vs investment properties.
- Debt-to-income and reserve requirements apply.
Rate structure (high level)
Home Select may offer multiple rate strategies (including short-term fixed and adjustable options tied to a published index). Your disclosures will show caps, margins, and how your rate can change.
See a personalized illustration
If you want to model deposits and interest offset, ask us for a program walkthrough and any available simulator resources for your scenario.
Contact us to see what you qualify for
All loans are subject to credit and underwriting approval. Program guidelines, rates, and limits change. This page is for general education and is not a commitment to lend. Ask a licensed loan officer for details that apply to you.
HomeSelect is not a refinance product and may not be available in all states. Benefits such as interest savings, quicker payoff, or improved liquidity are dependent on individual borrower qualifications and how the loan is used.