FDIC-Insured - Backed by the full faith and credit of the U.S. GovernmentHome Loans
Bank of Holland offers competitive rates, and we never sell your loan to another bank after the deal is done. Enjoy personal service every step of the way during the process and for the life of your mortgage. We work hard to find the perfect financing plan to save you money.
Features
Competitive interest rates
Purchase money available
Refinancing available
Local decision-making
Smooth, seamless closings
Local servicing for life of loan; Bank of Holland will not resell your mortgage
No tax or insurance escrow required (savings plan available)
Loan Servicing Fees
The Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (S.A.F.E. Act) requires us to provide the names of our Mortgage Loan Originators and their unique identifiers.
Fee Schedule
| Fee | Explanation | Amount |
|---|---|---|
| Late Charge
* Consumer Installment and Mobile Home in Park ** Residential Mortgage (monthly payment) and Home Equity Line of Credit *** Residential Mortgage (biweekly payment) |
An additional charge that borrower is required to pay as a penalty for failing to make payment on time. | *5.00% of the unpaid payment amount or $5.00, whichever is less
after 10 days.
**2.00% of overdue payment of principal and interest after 15 days. ***2.00% of overdue payment of principal and interest after 10 days. |
| Discharge Fee | Release of lien on real estate. | County Charge at time of discharging. |
| Loan Payoff Statement | Letter stating payoff amount as of a certain date. | No charge for first five requests in a calendar year. For subsequent payoff statements - $20.00. |
| Amortization Schedule | Customer requests an amortization schedule. | No charge. |
| Forced Placed Insurance | A fee assessed in addition to charge for forced placed insurance on security for a loan that has elapsed. | Fee charge disclosed in letter form to customer when alerting them insurance has elapsed and is required. |
| Partial Release of Real Estate Securing a Loan | A fee assessed for releasing part of mortgage premises securing a loan. | $250.00 |
| Loan Returned Payment Fee (Check return fee for payment) | Check used for making payment was returned to us for Non Sufficient Funds “NSF” therefore payment made with check is reversed. | $20.00 |
Fee Schedule does not contain all fees that may be charged such as attorney’s fees and litigation fees that vary with the nature of the work performed.
Commercial Mortgages
Whether it's office space, retail locations, or apartment buildings, Bank of Holland is ready to meet your commercial mortgage needs. We offer competitive rates, and we never sell your loan to another bank after the deal is done. Instead, you enjoy customized personal service every step throughout the process and for the life of your loan.
Features
Competitive interest rates
Wide range of options
Local decision-making
Small office, apartments, or retail (owner occupied)
Collateral security mortgages available
Local servicing for life of loan; Bank of Holland will not resell your mortgage
Mobile Home Loans
Unless you're a fan of red tape, you'll love securing a loan for your mobile home through Bank of Holland. Time from application to closing is measured in days, not weeks. Enjoy competitive rates, local decision-making, and superior personal service. Fast and easy isn't always good...but in this case, it is.
Features
Competitive rates
Flexible terms
New or used mobile homes
Local decision-making
Easy application process
Fast closings
The Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (S.A.F.E. Act) requires us to provide the names of our Mortgage Loan Originators and their unique identifiers.
Bank of Holland NMLS #784253
The following is a list of Bank of Holland Loan Officer’s registered with the Federal Nationwide Mortgage Licensing System & Registry and their identifier #’s:
| Employee Name | NMLS Identifier | Branch Location |
|---|---|---|
| Lynn McCabe | 1491282 | Holland |
| Diane Curthoys | 803558 | Holland |
| Laurie Monin | 1741213 | East Aurora |
| Morgan Eaton | 2084864 | East Aurora |
| Sheila Teller | 586518 | Elma |
| Betty Jane Whitaker | 2084851 | Elma |
| Peter J. Ertl | 785463 | Holland\East Aurora\Elma |
| Kelly Bloom | 1113971 | Holland\East Aurora\Elma |
Bank of Holland Information Disclosure
Consumer Transaction Accounts
Bank of Holland offers a variety of consumer transaction accounts including a Smart Start Account. Please refer to our Personal brochure for additional details regarding all our consumer transaction account.
Consumer Concerns
A consumer may file a complaint with the New York Department of Financial Services (NYDFS) if a consumer is not satisfied with the services a banking institution provides. NYDFS’s toll free consumer hotline telephone number is 1(800) 342-3736 or by visiting the Department’s website at www.dfs.ny.gov.