Our Mortgage Rate Relief Program is back, offering rates approximately 1.5% lower than current market rates to eligible homebuyers. Find out if you qualify today!

Individual Retirement Account (IRA)

Definition

A retirement savings program for individuals to which yearly tax-deductible contributions up to a specified limit can be made. The amount contributed is not taxed until withdrawn. Withdrawal is not permitted without penalty until the individual reaches age 59 1/2.