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Home Loans Savings Bank is a small operation in the sense that they are only working in Ohio. They are a full-service bank, including lending, savings and checking account options, IRAs, CDs, health savings, and money market accounts. They also offer a wide array of investment services through the Home Loan  Financial Services. They are primarily focused on providing long term service for their clients as opposed to gaining new accounts. The goal of the bank is to provide a wide array of services to their existing clients.

Personalized Service

Specifically, the home loan program repeats the same principles as the home page of their website. Unfortunately,  they go into very little detail about the actual conditions of any of the loan packages they provide. Their emphasis on face-to-face service and personal service is in some ways echoed by the sparseness of their website. There are zero details about the type of home loans they offer or the terms they represent. The website describes their loan services with the same language of personalized service, with a focus on their specific understanding of the limited geographical area that they serve. They do say that they offer competitive rates for building, purchasing, or refinancing for primary residence, vacation homes, and investment properties. There is a certain sincerity in their lack of information, since most home loans are tailored to individual borrower’s financial status and potential.

Factors in Achieving a Loan

When a lender makes a decision about a mortgage application, they consider many basic factors: all based on your ability to repay the loan. To ensure your loan is truly affordable, a lender will verify your employment and income. Your monthly Debt to Income ratio – your total income, minus monthly credit payments and other debts — will also be considered.  Home Loan Savings Bank does offer an online application process, but how it is set up and how you get to the application requires a direct meeting with a loan counselor.