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  First Bank and Trust Home Mortgage

First Bank and Trust Home Mortgage

in Home Purchase Mortgages from First Bank and Trust · NMLS ID #409296

Unaffiliated

First Bank and Trust Home Mortgage

Unaffiliated

in Home Purchase Mortgages from First Bank and Trust · NMLS ID #409296

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Highlights
Loan Amount N/A
Loan Term (Years) 5 - 30 years

First Bank and Trust Home Mortgage Review

First Bank and Trust Home Mortgage is offered by First Bank and Trust (NMLS #409296), a bank founded in 1925 and based in Brookings, SD. First Bank and Trust Home Mortgage is available in 2 states across the USA.

First Bank and Trust Home Mortgage FAQ

What is the maximum loan term you can get with First Bank and Trust Home Mortgage?

First Bank and Trust Home 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.

Does First Bank and Trust Home Mortgage charge a mortgage origination fee?

Yes, First Bank and Trust Home Mortgage may charge a loan origination fee.

What mortgage programs does First Bank and Trust Home Mortgage offer?

First Bank and Trust Home Mortgage offers the following mortgage types:

  • Conventional mortgages: This includes any mortgage that is not insured or guaranteed by the federal government.
  • FHA: Mortgages insured by the FHA, which usually have less stringent eligibility requirements, but borrowers must pay a mortgage insurance premium. Co-applicants are allowed and you can qualify for a down payment as low as 3%.
  • USDA: A zero down payment mortgage loan with low rates for suburban and rural homebuyers.
  • VA: A zero down payment mortgage or a refinance of up to 120% of the home's value for American military members, veterans, and their spouses.

What property usage types does First Bank and Trust Home Mortgage allow?

Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. First Bank and Trust Home Mortgage allows the following property usage types: 

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

  Available in 2 states
  • Minnesota
  • South Dakota

Feature Breakdown

Credit Score Range 650 - 840
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Intended Use
  • Investment
  • Primary Home
  • Secondary Home
Joint Loan Applications Accepted
  • Co-borrower
  • Cosigner
Minimum Age 18
Property Type
  • Multi-Family Home
  • Single Family Home
  • Townhome
Verification Documents Required
  • Recent Pay Stubs
  • Proof of Income
  • Proof of Identity
  • Proof of Insurance
  • Government Issued Photo ID
  • Recent Bank Statements
  • Social Security Number
  • Driver License (or other photo ID)
Mortgage Features No-Closing-Costs Option
Loan Term 5 - 30 years
Interest Rate Types Offered
  • Fixed-Rate Mortgage
  • Adjustable-Rate Mortgage (ARM)
Mortgage Programs
  • FHA
  • USDA
  • VA
  • Conventional Mortgages

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SUPERMONEY NET RECOMMENDATION SCORE

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