FB&T Home Purchase Mortgage

FB&T Home Purchase Mortgage Review

FB&T Home Purchase Mortgage are offered by FB&T (NMLS #460994), a bank founded in 1934 and based in Perry, OK. FB&T Home Purchase Mortgage are available in 1 state across the USA.

Key Takeaways

• Only two mortgage programs offered. FB&T Home Purchase Mortgage provides VA conforming and conventional mortgages.
• Financing for a variety of property types. Offers home loans for manufactured, single, and multi-family homes.
• Standard interest rates types. FB&T Home Purchase Mortgage offers adjustable-rate mortgages and fixed-rate mortgages.
• Considers personal use and investment properties. Financing available for primary homes, vacation homes, and even investment homes, such as rental properties.
• Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.
• Cosigner and coborrower applications accepted. A cosigner or coborrower can help you qualify for better rates and terms when applying for FB&T Home Purchase Mortgage.
• Fair credit accepted. Borrowers with a credit score as low as 580 may qualify for FB&T Home Purchase Mortgage.

FB&T Home Purchase Mortgage Pros & Cons

FB&T Home Purchase Mortgage FAQ

What is the maximum loan term you can get with FB&T Home Purchase Mortgage?

FB&T Home Purchase Mortgage offers mortgages with terms ranging from 5 to 30 years. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

What mortgage rates does FB&T offer?

Mortgage rates change daily based on market conditions and vary significantly depending on the loan type and the length of the term. For instance, fixed rate mortgages will typically have a higher interest rate than mortgages with variable rates, and jumbo loans usually have higher mortgage rates than conforming conventional loans. Find the best interest rate available to you by getting quotes from three or more mortgage lenders before choosing a home loan.

Do they charge mortgage origination fees?

Yes, FB&T Home Purchase Mortgage may charge a loan origination fee.

What mortgage programs are available?

Besides conventional mortgages, FB&T Home Purchase Mortgage offers the following mortgage types:

What property usage types does FB&T Home Purchase Mortgage allow?

Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. FB&T Home Purchase Mortgage allows the following property usage types: 

• Primary home
• Secondary homes and vacation properties
• Investment properties and house flipping projects