Check Out Our New Online Application!

A better way to apply for a mortgage is here with Colonial’s new, state-of-the-art online application – powered by Roostify. Our new online application allows customers the ability to apply for a home loan from anywhere with ...
Brother and sister with beach ball running on driveway

Benefits of Owning a Vacation or Investment Property

If you are considering purchasing a vacation home for your friends and family to enjoy, or an investment property for potential income, we’re here to help. At Colonial, we offer vacation and investment property financing at ...
Allow this guide to help you understand what escrow is and the ways in which it comes into play during a home buying transaction.

What is Escrow and How Does it Work?

If you are in the process of buying a home, you will probably hear the term “escrow” multiple times throughout the transaction—both before and after the real estate settlement itself. But since the term is used to describe ...
While the housing market has slowly increased in value overall, there are still many undervalued areas. As a homebuyer, there are several ways you can take advantage of these undervalued housing markets.

Undervalued Housing Markets and How You Can Take Advantage

While the housing market has slowly increased in value overall, there are still many undervalued areas. As a homebuyer, there are several ways you can take advantage of these undervalued housing markets. To understand the potential ...
Maybe the home you are considering has the space you need but just needs a few upgrades to be the ideal home for you and your family. Fortunately, Colonial offers a program that allows homebuyers to immediately improve a property upon purchase with our Purchase Plus Improvement Loan.

Make Upgrades to Your New Home with Colonial’s Purchase Plus Loan

When searching for the ideal home, there are a few things that can make or break your decision to submit an offer. If hosting barbeques for family and friends is important, you’re going to want to find a home that has the backyard ...
Colonial has been an expert on “kiddie condos” for years, and has been featured in the Wall Street Journal, ABC News and various other news sites. Below, we’ll look at some of the benefits of buying a home for your college student.

Campus Cribs: Buying a Home for Your College Student

A child going off to college is a huge milestone. Not just for the student, but for the parents as well. It’s a time of excitement mixed with a bit of nervousness and uncertainty about what lies ahead. One thing that shouldn’t ...
Although you can’t simply choose whatever interest you prefer—after all, everyone would just choose 0 percent—you can still choose the term, or length, of your loan, which can have a big impact on the interest rate.

How Do Loan Terms Impact Your Interest Rate?

Taking out a loan for a car or a home is a big process that involves many important choices. Although you can’t simply choose whatever interest you prefer—after all, everyone would just choose 0 percent—you can still choose ...
One of the ways Colonial recognizes veterans is by offering a special loan program that is guaranteed by the U.S. Department of Veteran’s Affairs. There are a number of benefits for using a VA loan for those who qualify. Below, we’ve answered some of the basic questions about VA home loans.

VA Loan Basics

Each year on November 11, Veterans Day is recognized in the United States to honor the men and women who have served in the military. Along with parades and other tributes, many restaurants, coffee shops and other retailers offer ...
Colonial offers a number of mortgage solutions, like low down payment or construction loans. An additional loan type homebuyers should consider is an adjustable rate mortgage.

Adjustable Rate Mortgages Basics

If you are currently looking to buy a home, chances are there are a number of amenities you are considering. You may prefer an open concept floorplan, or a large backyard to entertain guests. Maybe you’re in need of an extra-large ...
What many people don’t know is there are a number of low down payment programs out there aimed at helping first-time homebuyers purchase their home. Below we have a list of Colonial’s low down payment loans and special programs that were designed with first-time homebuyers in mind.

Low Down Payment Loans From Colonial

Having a home to call your own is something that many Americans strive for. Most of us still remember our childhood home. The way the house smelled during the holidays. The notches on the doorway where you measured your height ...