Low Down Payment Mortgage for Families and Professionals

Gift Yourself the Magic of a New Home This Holiday Season

When the weather outside is frightful, it’s your new home that’s delightful. There’s no better way to afford that new home than with JMB’s Home Pursuit mortgage program. Owning a home doesn’t have to be defined by financial obstacles and income-based challenges. Instead, it can be defined by solutions (that include up to $2,500 in lender credit toward closing costs, low down-payment mortgage, and as low as 5.78% APR (with a banking relationship) that promote accessible and sustainable housing options for those who meet maximum income (up to $110,363) and home value requirements ($800,000). With a Home Pursuit mortgage, it’s only a few steps away until you’re cozying up by the fireplace.

Benefits of a Mortgage with John Marshall Bank

We offer a first trust mortgage up to 89.99% Loan to Value (LTV) and if needed a second trust mortgage up to 5.01% (LTV) for a 95% Combined LTV (CLTV).

• Maximum property value of $800,000
• Total borrower income $110,363
• Borrower must disclose and include all sources of income
• Minimum Credit Score of 680²
• Up to $2,500 lender credit toward closing costs
• Higher debt to income ratios up to 50%
• Highly competitive rates and low fees
• Low down payment and no points or Private Mortgage Insurance (PMI)
• An easy-to-reach point of contact throughout the loan process
• 30-year term with principal, interest, taxes and insurance payments
• The rate is adjusted every five years after the initial six-year fixed term
• Available for owner-occupied primary residence only
• We’re local and your loans are not sold to a third-party

Share This Great Doggone Deal with Friends and Family

The example chart reflects payments on a $200,000 loan with banking relationship, and does not include taxes or insurance; actual payments may be greater.

1. This rate requires auto debit from a John Marshall Bank personal primary checking account with your direct deposit of your income, household expenses and automatic debit of your mortgage monthly payment, opened and funded prior to closing, 4.89% Rate / 5.78% Annual Percentage Rate (APR) or 5.19% Rate / 5.92% APR without a banking relationship.
2. Must meet credit policy underwriting standards. First trust mortgage payments include principal, interest, taxes, and insurance.
3. Since the value of the index in the future is unknown, the chart above reflects the payment amounts plus margin (fully indexed rate) as of the effective date of November 21, 2024. This offer is for a limited time and subject to change without notice. This product is available for purchases and refinances. The rate is fixed for the first six years, after which, your rate changes every five years based on the current five-year US Treasury rate at the time, plus a 2.50% margin. The APR may be increased after the loan is closed. The product is for owner-occupied primary residence in the Virginia counties (and all cities and towns contained therein) of Alexandria, Arlington, Fairfax, Loudoun, and Prince William, Washington DC, and the Maryland county (and all cities and towns contained therein) of Montgomery. Interest paid on this ARM may be tax deductible. Consult your tax advisor. All borrowers must be occupants. The applicant is responsible for the following fees and costs at the time of closing; appraisal fee, tax service fee, settlement fees, title fees, transfer tax fees, flood cert fee, recording fee, homeowners insurance, survey if required, and interest due until first payment. This is not intended to be an all-inclusive list, other costs may be included due to specific loan circumstances. Other restrictions may apply. Investment properties are not eligible for this product. Contact the John Marshall Bank consumer mortgage consultant for any applicable additional restrictions and details about your loan. We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.