Consumer Mortgage Lending

Conventional Mortgages for Consumers on Maryland's Eastern Shore and Beyond

Conventional mortgages are the most common loan type, offering various terms for loan repayment. With a conventional loan, you get fixed and adjustable rates to suit your needs with various term options to help meet your financial goals. Our relationship managers will use their expertise to provide you information on loan options available and guide you through the process of buying your home or refinancing your current residence.

We make applying for a conventional loan online easy! If you're ready to get started, please contact a member of our mortgage lending staff. Select the relationship manager near you, then click on their "Apply for a Mortgage" button. If you're looking to get an idea on a mortgage payment, our Mortgage Calculator can help you get started with an estimate.
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Our Conventional Home Loan Types

Loan Type	What You Need to Know About This Loan
Fixed-Rate Mortgage	- Interest rate remains the same for the entire term of the loan (typically 15, 20, or 30 years). - Monthly payments are predictable and stable. - Ideal for borrowers who plan to stay in the home long-term and want payment certainty. - Often preferred in low-interest environments to lock in a favorable rate.
Adjustable-Rate Mortgage (ARM)	- Interest rate starts lower than fixed-rate loans but adjusts periodically (e.g., annually) after an initial fixed period (e.g., 5, 7, or 10 years). - Monthly payments can increase or decrease based on market rates. - Best suited for borrowers who plan to sell or refinance before the adjustment period begins. - Can be beneficial if interest rates are expected to decline or if the borrower wants lower initial payments.
90/10 Loan-to-Value (LTV)	- The buyer puts a 10% down payment at closing from their own funds. - Queenstown Bank provides the remaining 90% of the home’s purchase price. - Private mortgage insurance (PMI) is not required.