Access ID:
North Arundel Savings Bank


  • Loans available for primary, secondary, or non-owner residences.
  • First mortgages and refinances.
  • Competitive rates and closing costs.
  • No prepayment penalty.
  • Convenient, automatic payments from your checking account.

What you need to apply for a mortgage loan:

  • Borrower’s name
  • Two forms of valid ID (Drivers License as primary)
  • Borrower’s monthly income
  • Borrower’s Social Security Number to obtain credit report
  • Credit Report Fee
  • Property Address
  • Property Address
  • Loan amount

We encourage you to shop for the loan that best fits your needs. If you decide to proceed with a loan application at North Arundel Savings Bank, the following information may be required.

  • Two current pay stubs and two most recent W-2 forms.
  • If self-employed - Two most recent Federal Tax Returns
  • Three months bank statements
  • Contract of Sale if applicable
  • An appraisal fee will be required after Credit Approval
  • Refinance transactions - all lien holder statements

Home Equity Loans

  • Access the equity in your home without refinancing the first mortgage.
  • Maximum combined loan to value ratio: 85% (divide total lien balances including new loan by value of the property)
  • Maximum debt ratio: 43% (divide total monthly debt: loan payment & credit card payments including new loan payment by total monthly income)
  • Repayment plans from 5-12 years.
  • Convenient, automatic payments from your checking account
  • No application fee, no points - if loan is approved and you accept it, you will be required to pay for the recording of the second lien on the property. Approximate cost is $7.00 per $1,000 of loan balance + $60.00 - due at closing in cash, certified check or deducted from loan proceeds.
  • Fixed rate, term, and loan amount - fixed monthly installments with second lien placed on property (not a line of credit) – loan amounts $10,000 to $50,000.

What you will need when applying for a Home Equity Loan

  • Completed application
  • Borrower's Social Security Number to obtain credit report
  • Borrower's monthly income
  • Two forms of valid ID (Drivers License as primary)
  • Property address
  • Loan amount
  • Estimate of property value
  • Copy of Deed to property
  • List North Arundel Savings Bank as loss payee on home owner’s insurance policy by settlement date