Personal Loans

Loans to Fit Your Budget and Improve Your Quality of Life

Community National Bank is conveniently headquartered on Long Island. We understand the needs of our local communities—and we know how important it is to have financial flexibility throughout every stage of your life.

Experienced Loan Specialists Ready to Guide You

Our experienced loan specialists provide personalized service and match the right loan solution with flexible rates and terms on your budget.

Whether you need an extra cushion for your checking account to protect you against overdraft, or need a loan to buy that dream home, we have the loan to help improve your quality of life.


Find your loan solution below:
OVERDRAFT CHECKING FIRST MORTGAGE LOANS
HOME EQUITY LINES OF CREDIT (HELOC) CONSTRUCTION LOANS

OVERDRAFT CHECKING
Protect Yourself Against Overdraft Fees

Overdraft Checking is available to protect you against the inadvertent overdraft or uncollected funds that might occur on your checking account. It creates a loan to cover automatically the overdraft or uncollected funds. Your checking account will be debited at the end of each month for interest plus 1/36th of the principal amount outstanding on the loan.

You may pay the outstanding principal at any time and at any of our branch locations, or by logging online to your checking account and processing an online transfer from your checking account to your overdraft loan.

In order to qualify for Overdraft Checking, you must have a personal checking account at Community National Bank and submit an Application.

For more information contact or visit your nearest local branch.

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FIRST MORTGAGE LOANS
Purchase Your Home with Your Local Lender

Community National Bank offers First Mortgage Loans at competitive rates and terms for the purchase or refinance of 1 – 4 family homes, condominiums and cooperative apartments. First Mortgage Loans require full documentation and financial disclosure by the Borrower. First Mortgage Loans are available for primary residence, secondary residence and investment. Our lending policy is to restrict First Mortgage Loans to the New York Metropolitan area. Our First Mortgage loans are underwritten to guidelines in effect at the time of the application with respect to maximum Loan to Value, Debt Coverage Ratios for the Borrower and other criteria.

In addition to originating First Mortgage Loans held in our own portfolio, we also underwrite loans sold to Fannie Mae, Freddie Mac and other financial institutions.

For more information contact our residential loan specialists or visit your nearest local branch.

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HOME EQUITY LINES OF CREDIT (HELOC)
Access Your Home’s Equity for Financial Flexibility

HELOC’s are Lines of Credit secured by a Second Mortgage and are available at competitive rates and terms to enable you to borrow from the equity in your single family home or condominium. We require full documentation and financial disclosure by the Borrower. HELOC’s are available for a primary residence only. Our lending policy is to restrict HELOC’S to the New York Metropolitan area. Our HELOC’s are underwritten to guidelines in effect at the time of the application with respect to maximum Loan to Value, Debt Coverage Ratios for the Borrower and other criteria.

For more information contact our residential loan specialists or visit your nearest local branch.

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CONSTRUCTION LOANS
Build or Improve Your Dream Home

Construction Loans are available for you to construct or improve your owner-occupied primary or secondary residence. Any Construction Loans for investment purposes are considered Commercial Construction Loans. Consideration of these Loans is on a case-by-case basis and a Residential Loan Officer will work with you to structure a Loan that meets your requirements and the underwriting requirements of Community National Bank.

For more information contact our residential loan specialists or visit your nearest local branch.

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