Last Updated: 04/18/2025
First Bank and Trust of New Orleans Home Mortgage
Unaffiliated
Last Updated: 04/18/2025
No Reviews Yet
This product has no reviews yet. Help others by sharing your thoughts.
Be the first to rate
Cast Your Vote
Compare All Home Mortgage Loans
Filter & compare all your options in one place.
Highlights
Credit Score Range
580 - 840
Amount Range
N/A
Loan Term (Years)
5 - 30
First Bank and Trust of New Orleans Home Mortgage Review
First Bank and Trust of New Orleans Home Mortgage is offered by First Bank and Trust of New Orleans (NMLS #525613), a bank founded in 1991 and based in New Orleans, LA. First Bank and Trust of New Orleans Home Mortgage are available in 3 states.
Key Takeaways
- Wide selection of mortgage programs offered. First Bank and Trust of New Orleans Home Mortgage offers FHA, USDA, VA, conforming, and conventional mortgages.
- Financing for single-family and multi-family properties. However, First Bank and Trust of New Orleans does not offer financing for manufactured homes.
- Standard interest rates types. First Bank and Trust of New Orleans Home Mortgage offers adjustable-rate mortgages and fixed-rate mortgages.
- Investment and personal use properties considered. 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.
- Fair credit accepted. Borrowers with a credit score as low as 580 may qualify for First Bank and Trust of New Orleans Home Mortgage.
First Bank and Trust of New Orleans Home Mortgage Pros & Cons
| Pros | Cons |
|
|
First Bank and Trust of New Orleans Home Mortgage FAQ
What is the maximum loan term you can get with First Bank and Trust of New Orleans Home Mortgage?
First Bank and Trust of New Orleans 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.
What mortgage rates does First Bank and Trust of New Orleans 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, First Bank and Trust of New Orleans Home Mortgage may charge a loan origination fee .
What mortgage programs are available?
Besides conventional mortgages, First Bank and Trust of New Orleans Home Mortgage offers the following mortgage types:
- FHA loans: FHA loans are mortgages insured by the FHA. They offer competitive mortgage rates and have less stringent eligibility requirements. However, borrowers must pay a mortgage insurance premium. For instance, you can apply for an FHA loan with a credit score as low as 580. Co-applicants are allowed and you can qualify for a down payment as low as 3%.
What property usage types does First Bank and Trust of New Orleans Home Mortgage allow?
Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. First Bank and Trust of New Orleans Home Mortgage allows the following property usage types:
- Primary home
- Secondary homes and vacation properties
- Investment properties and house flipping projects
What is the customer service phone number?
The customer service number for First Bank and Trust of New Orleans Home Mortgage is .
What is the support contact email?
The support contact email for is gblossman@fbtonline.com.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Hours of Operation
Sunday
Closed
Monday
9:00AM - 4:00PM
Tuesday
9:00AM - 4:00PM
Wednesday
9:00AM - 4:00PM
Thursday
9:00AM - 4:00PM
Friday
9:00AM - 4:00PM
Saturday
Closed