First Bank Home Mortgage Loan
in Home Purchase Mortgages from First BankUnaffiliated
|Loan Term (Years)||5 - 30 years|
First Bank Home Mortgage Loan Review
First Bank Home Mortgage Loan is offered by First Bank (NMLS #51928), a bank founded in 1906 and based in Creve Coeur, MO. First Bank Home Mortgage Loan is available in 3 states across the USA.
What is the maximum loan term you can get with First Bank Home Mortgage Loan?
First Bank Home Mortgage Loan 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 Home Mortgage Loan charge a mortgage origination fee?
Yes, First Bank Home Mortgage Loan may charge a loan origination fee.
What mortgage programs does First Bank Home Mortgage Loan offer?
First Bank Home Mortgage Loan 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%.
- Jumbo: Any mortgage with a loan amount above the conforming loan limits set by Fannie Mae and Freddie Mac. As of 2018, the jumbo threshold is $453,100 in most of the United States.
- 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 Home Mortgage Loan allow?
Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. First Bank Home Mortgage Loan allows the following property usage types:
- Primary home
- Secondary homes and vacation properties
- Investment properties and house flipping projects
11901 Olive Blvd
Creve Coeur, MO 63141
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Other Services by First Bank
|Credit Score Range||580 - 840|
|Employment Statuses Considered||
|Verification Documents Required||
|Loan Term||5 - 30 years|
|Interest Rate Types Offered||
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