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Mortgage Loan Types

From a traditional fixed-rate mortgage to home loan programs supported by the FHA, VA and USDA, we have a solution to fit your lending needs.1

  • Fixed interest rate and monthly principal and interest payments that never change
  • Various term lengths available
  • Shorter term lengths help to save on interest; longer term lengths provide lower monthly payments

Apply online for a fixed-rate mortgage">
  • Start with fixed payments for 5, 7 or 10 years
  • Annual adjustments following initial fixed period
  • Interest rate and monthly payment may change

Apply online for an adjustable-rate mortgage">
  • Minimum loan amount of $548,351*
  • Fixed-rate and adjustable-rate loans available
  • Flat origination fee on any loan amount
* In the Denver metropolitan area minimum loan amount is $596,850 (single family residence) in most counties.

Apply online for a jumbo mortgage">
  • FHA fixed rate mortgage
    • Insured by the Federal Housing Administration
    • As low as 3.5% down payment
    • Fixed monthly principal and interest payment; various terms available
    • Minimum 620 FICO score
  • VA fixed rate mortgage
    • Guaranteed by the Department of Veterans Affairs
    • 100% Financing available
    • Minimum 620 FICO score
    • Fixed monthly principal and interest payments; various terms available
    • Exclusively for servicemembers and veterans
  • USDA loan
    • Guaranteed by the U.S. Department of Agriculture, if eligible*
    • Get up to 100% financing
    • Minimum 640 FICO score
* Borrowers are subject to eligibility requirements, which include income, property, credit and location.

  • Other assistance programs
    • Options available for down payment and closing costs assistance
    • Can be utilized with either conventional or government loan programs

Apply online for down payment assistance">

The Neighborhood Connection loans provide affordable financing options for borrowers in low- and moderate-income census tracts. The programs offer borrowers up to 100% loan-to-value (LTV)1 financing to purchase or refinance the existing balance on their mortgage. In addition, the Budget Booster allows up to 105% combined loan-to-value (LTV)1 financing for consolidating debt, home improvements and repairs.

Neighborhood Connection Home Loan2 – to purchase or refinance your home

  • Eligible borrowers receive $2,500 Neighborhood Connection grant toward closing costs3
  • Satisfactory employment history
  • Program only applies to purchases and refinancing of existing mortgage balance of primary residences or to refinance the balance of your existing mortgage
  • Minimum FICO score above 5804
  • Borrow up to $331,760
  • Home buyer education with select HUD approved agencies required for all borrowers
  • No late payments on any open accounts in last 12 months
  • Fixed-Rate Product

Neighborhood Connection Budget Booster Loan2 – for consolidating debt, home improvements and repairs

  • Minimum FICO score above 5805
  • No bank fees at closing
  • Competitive interest rate, low monthly payments
  • Minimum two tradelines or non-traditional credit
  • Satisfactory employment history
  • Fixed-Rate Product
  • No late payments on any open accounts in last 12 months
  • Borrow up to $10,0005

Apply online for Neighborhood Connection loan programs">


  1. Combined loan-to-value (LTV) ratio (including prior mortgages or liens).

  2. Borrowing limited to homes in low- and moderate-income census tracts located in the Kansas City and St. Louis areas. To determine if your property might be eligible, please contact your local Commerce Bank Mortgage Banker.

  3. Income restrictions apply. Application income must be at or below FFIEC Median Family Income to be eligible for Neighborhood Commerce Grant.

  4. Minimum credit score of 580 may be eligible for 97% LTV offer. Minimum credit score of 620 may be eligible for 100% LTV offer. Loans subject to credit approval.

  5. Minimum credit score of 580 may be eligible for 100% LTV offer, with a maximum loan of $5,000. Minimum credit score of 620 may be eligible for 105% LTV offer, with a maximum loan of $10,000. Loans subject to credit approval.

  • Simplify building your new home under one mortgage team
  • Borrow up to $2 million for land, labor and materials
  • Interest only payments during construction period

Apply online for construction loans">
  • Renovation of single-family home only
  • First lien only
  • Minimum loan amount is $25,000. Maximum loan amount based on “After Renovation”* loan to value (LTV)**
  • No maximum repair amount as long as the renovation costs do not exceed 75% of the After Renovation appraised value of the property*
  • Repairs or improvements must be permanently affixed to the property
  • Can be used on a primary residence or second home
  • Minimum of 660 FICO® credit score

Apply now for a Renovation loan

* Appraiser will determine the current value of the property plus the added value of the renovations.
**Loans up to $1,000,000 may qualify for After Renovation 95% LTV offer. Loans exceeding $1,000,000 and up to $1,250,000 in value may be eligible for After Renovation 90% LTV offer. Loans exceeding $1,250,000 and up to $2,000,000 in value may be eligible for 85% After Renovation LTV offer. Loans subject to credit approval.

•  Rate/Term Refinancing
  • Switch from an adjustable-rate loan to a fixed-rate loan
  • Pay less interest with a shorter term
  • Convert your FHA loan to a conventional loan

Apply online for mortgage refinancing">
No matter which option you choose, our friendly and knowledgeable team is here to guide you every step of the way, so you can make the right decision for you.

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  1. Commerce Bank Mortgage supports the markets and communities within our geographic regions and reserves the right to limit the geographic area in which loans will be made. Commerce lends in Arizona, Colorado, Florida, Illinois, Kansas, Kentucky, Michigan, Minnesota, Missouri, Ohio, Oklahoma, Tennessee and Texas.

  2. To send an email that contains confidential information, please visit the Secure Message Center where there are additional instructions about whether to use Secure Email or Online Banking messaging.