Evans Bank currently provides financing for properties located in the Western New York area, encompassing Erie, Chautauqua, Cattaraugus, Niagara, and Monroe counties.
If you have questions at anytime during the pre-qualification process or would like to learn more about Evans, please don’t hesitate to contact any member of the mortgage lending team, visit any of our conveniently-located neighborhood branches, or contact the Evans Customer Experience Center at 716.926.3313.
Meet the Evans Bank Mortgage Team
Our friendly and knowledgeable Mortgage Loan Originators are available to discuss your needs and help guide you through the home buying, refinancing, or home equity process. Contact any of the Evans Mortgage Loan Originator or stop into any one of our financial centers for more information on all of our products and services.
Mortgage Loan Officer, NMLS #407623
Mortgage Loan Officer, NMLS #482354
Administrator, NMLS #70457
Office: 716.926.2040 x 3895
Frank J. Fialkiewicz II
Mortgage Loan Officer, NMLS #62332
Office: 716.626.0083 x 120
Senior Loan Officer, NMLS #9451
Serving the Rochester Area
Check Rates HERE
Mortgage calculators are available to help you decide what type of mortgage loan is best for you, whether you are considering purchasing a new home or deciding if it is the right time to refinance. Calculators don’t take into account all the factors that should be considered when choosing a new mortgage; they are designed to offer assistance. The final decision should always be based on what’s best for you and your individual situation.
Monthly Payment Calculator
Calculates your payment for different loan amounts, interest rates, and amortization terms. Calculate Payment >
Payment Schedule Calculator
Calculates the breakdown of principal and interest payments in a yearly or monthly format. Calculate Payment Breakdown >
Extra Payment Calculator
Calculates how much you can save over the term of your loan by increasing your monthly payment. Calculate Savings >
How Much Can I Afford Calculator
Calculates your maximum mortgage amount based upon the monthly payment, interest rate, and term that you enter. Calculate Mortgage Amount >
15- vs. 30-Year Mortgage Calculator
Compares the difference between a 15-year and a 30-year mortgage. Compare Terms >
Learn More about the SAFE Act
The Secure and Fair Enforcement for Mortgage Licensing (SAFE) Act was created to protect consumers and reduce fraud. This federal regulation requires that all Mortgage Loan Originators(MLO) working for banks and certain other lenders nationwide:
- – Register with the Nationwide Mortgage Licensing System (NMLS)
- – Provide fingerprints and undergo an FBI background check
- – Obtain a unique NMLS Identification Number assigned by the NMLS registry
- – Update the register and notify the HR department within 30 days of a change to their registration information
- – Maintain and renew the registration annually (between November 1st-December 31st)
The Mortgage Loan Originator definition covers all bank and lender employees who take applications and offer or negotiate terms of first and subordinate lien mortgages, HELOC’s, refinancing or reverse mortgages. Mortgage Loan Officers must provide NMLS numbers:
- – Upon request
- – Before acting as a mortgage loan originator
- – To consumers, through the initial written communication, whether on paper or electronically
If you would like to learn more about the Mortgage Loan Originator with whom you are working, you can obtain additional information by visiting http://www.nmlsconsumeraccess.org.
Neighborhood Assistance Corporation of America
The Neighborhood Assistance Corporation of America (“NACA”) is a non-profit, community advocacy and homeownership organization. NACA’s primary goal is to build strong, healthy neighborhoods in urban and rural areas nationwide through affordable homeownership. NACA has made the dream of homeownership a reality for thousands of working people by counseling them honestly and effectively, enabling even those with poor credit to purchase a home or modify their predatory loan with far better terms than those provided even in the prime market. Visit >
Neighborhood Housing Services of South Buffalo, Inc.
The NHS of South Buffalo mission is “to aid and assist in the preservation, stabilization, and revitalization of economic and aesthetic conditions of residential and commercial zones as to promote a higher quality of life and social existence. They are funded by grants from our sponsor organization, NeighborWorks, and various government entities at both the state and federal levels. Visit >
West Side and Black Rock-Riverside Neighborhood Housing Services, Inc.
West Side and Black Rock-Riverside Neighborhood Housing Services is a full-cycle lending agency with programs carrying customers through the entire process of buying and owning a home. Our programs and services include financial capability and homebuyer education, closing cost assistance, post-purchase education, home improvement loans and foreclosure prevention counseling. By focusing on successful home ownership, these programs build and protect assets in low-income neighborhoods, making those neighborhoods stronger by encouraging investment and improving confidence. Visit >
Belmont Housing Resources for Western New York
Belmont Housing Resources is now leading advocate for quality affordable housing. In addition to administering rental assistance programs, they offer a variety of housing-related programs and services promoting home ownership and asset building, educating renters and landlords, improving existing housing stock, as well as developing and managing affordable housing. Visit >
U. S. Department of Housing and Urban Development
U.S. Department of Housing and Urban Development website provides extensive information about buying a home including affordability, borrower’s rights, tips and tricks for shopping for a loan, and details about different home buying programs including FHA loan programs and other special programs. Visit >
Home Buyer Education by Freddie Mac
Freddie Mac is a publicly held corporation chartered by Congress to increase the supply of funds that mortgage lenders, such as commercial banks, mortgage bankers, savings institutions and credit unions, can make available to homebuyers and multifamily investors. This Freddie Mac site offers a step-by-step tutorial on the home buying decision process and the mortgage application process. Visit >
Home Buying Process by Fannie Mae
Fannie Mae is a government-sponsored enterprise (GSE) chartered by Congress with a mission to provide liquidity, stability and affordability to the U.S. housing and mortgage markets. Home Buying Process guide on their website offers valuable information about buying a home. This website also provides important information for homeowners. Viit >
United States Postal Service Official Movers Guide
What happens after you complete the purchase process? This U.S. Postal Service site provides all kinds of tools and tips to help make the moving process easier. Visit >
Frequently Asked Questions
How do I know how much house I can afford?
Generally speaking, you can purchase a home with a value of slightly over two times your annual household income. However, the amount that you can borrow will depend upon your employment history, credit history, current savings and debts, and the amount of down payment you are willing to make. You may also be able to take advantage of special loan programs for first time buyers to purchase a home with a higher value. Contact us and we can help you determine exactly how much you can afford.
What is the difference between a fixed-rate loan and an adjustable-rate loan?
With a fixed-rate mortgage, the interest rate stays the same during the life of the loan. With an adjustable-rate mortgage (ARM), the interest changes periodically, typically in relation to an index. While the monthly payments that you make with a fixed-rate mortgage are relatively stable, payments on an ARM loan will likely change.
How do I know which type of mortgage is best for me?
There is no simple formula to determine the type of mortgage that is best for you. This choice depends on a number of factors, including your current financial picture and how long you intend to keep your house. Evans can help you evaluate your choices and help you make the most appropriate decision.
What does my mortgage payment include?
For most homeowners, the monthly mortgage payments include three separate parts:
- Principal: Repayment on the amount borrowed
- Interest: Payment to the lender for the amount borrowed
- Taxes & Insurance: Monthly payments are normally made into a special escrow account for items like homeowners insurance and property taxes. It also may include payments such as flood insurance or Private Mortgage Insurance (PMI)
How much cash will I need to purchase a home?
The amount of cash that is necessary depends on a number of items. Generally speaking, though, you will need to supply:
- Earnest Money: The deposit that is supplied when you make an offer on the house
- Down Payment: A percentage of the cost of the home that is due at settlement
- Closing Costs: Costs associated with processing paperwork to purchase or refinance a house