Fixed Rate Mortgage

A fixed rate mortgage is a loan that has an interest rate that does not change over the life of the loan. The fixed rate long-term mortgage appeals to borrowers who plan to remain in their homes for more than seven years and who wish to keep their monthly principal and interest payments stable. This type of mortgage is also well suited for borrowers who are adverse to interest rate risk. 

Balloon Mortgage

A balloon mortgage is ideal for borrowers who plan to sell or refinance their home within a short period of time. A balloon mortgage has a fixed rate during the mortgage term with a larger lump sum payment due at the end of the term. The principal and interest payments amortized over a longer period. Options may be available to reset the mortgage for an additional term, with a modification to the rate. 

New Construction

If you are building, we can do both your construction and permanent financing! All with just one application. Pine Island Bank's process is a great way to avoid duplicating many of the fees associated with construction and end-loan home financing.

Rural Development Loans

Rural Development Loans are used to purchase a home located in an eligible rural area as defined by the USDA. Your household income must meet certain guidelines. This type of loan is not limited to first-time home buyers. 

 Building Lots

Interested in buying a lot today, but not ready to build on it? Not a problem. Pine Island Bank offers you:

  • Down payment options
  • Flexible repayment terms
  • Very competitive rates
  • Low closing costs

Loan Applications


Personal Checking Accounts

Bank with ease and reach your financial goals! 

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(The Secure and Fair Enforcement for Mortgage Licensing Act)


Pine Island Bank = 654950
Chris Nelson = 698014
David Egger = 697685
Phillip Lien= 2223773