Kristen Phillips: Home Mortgage Expert

There are lots of changes happening in the residential real estate world. To navigate them, rely on Prime Meridian Bank's mortgage experts like Kristen Phillips (NMLS 451762). Our mortgage lending team is known by local Realtors as the team that can get it done. Call Kristen today for information and rates on Home Mortgages, Home Refinance, or Construction and Construction/Perm loans.

Kristen Phillips
(850) 907-2304

Senior Mortgage Lending Officer
NMLS #451762

There are lots of options and our mortgage lending experts can help you determine which is right for you.

Conventional Fixed Rate Mortgage

A conventional mortgage is best for well-qualified borrowers that have the ability to make a down payment. This mortgage loan has a fixed interest rate and stable monthly payments.

• Competitive rates
• Flexible terms to fit your financial needs
• Local decision making
• Banking experts to walk you through the home-buying process

Adjustable Rate Mortgages

An Adjustable Rate Mortgage (ARM) is a home loan with an interest rate that can change periodically. This mortgage solution may be a good fit for homebuyers or current homeowners who plan to move within a few years.

• Lower starting interest rate
• Fixed-rate term for 3, 5 or 7 years
• Caps on potential adjustments thereafter
• Local decision-making
• Mortgage experts to walk you through the home-buying process

Jumbo Loans

Jumbo loans provide financing opportunities for high-priced or luxury homes. This is ideal for loan amounts over $424,000.

• Loan amounts up to $3,000,000 on primary residences for well-qualified borrowers
• Available in a variety of fixed rate terms or 5/1 or 7/1 Adjustable Rate terms

Construction-to-Perm Financing

When you're ready to start building, contact us, and one of our construction-to-permanent loan experts will walk you through the details. Also known as construction-to-perm, this type of loan is used to finance the construction of a home. When the home is complete, it converts into a permanent mortgage loan. The process is similar to the standard home loan process. As with a standard mortgage, you'll need to have the appropriate down payment and funds to cover the closing costs. This mortgage loan has a fixed interest rate and stable monthly payments.

• Competitive rates
• Flexible terms to fit your financial needs
• Local decision making
• Construction-to-Perm experts to walk you through the process

FHA Loans

FHA Loans are insured by the Federal Housing Administration and offer a wide range of flexibility for borrowers.

• Minimum credit score of 620
• Minimum down payment of 3.5%
• Mortgage insurance requirement of 1.75% upfront (financed) and 55 bps monthly
• Seller contributions allowed up to 6%

VA Loans

If you are a service member, veteran, spouse or other beneficiary, you may be eligible for a VA Loan. This loan can be used to buy or refinance a home or mortgage loan.

• Minimum credit score of 620
• No down payment required
• No private mortgage insurance (PMI)
• Seller contributions allowed up to 4%
• Escrow required

USDA Loans

USDA Home Loans are available in designated rural areas for low- to moderate-income borrowers.

• Minimum credit score of 640
• No down payment required
• Mortgage insurance requirement of 1.00% upfront (financed) and 35 bps monthly
• Seller contributions allowed up to 6%
• Escrow required