
First Mid Bank & Trust Home Purchase Mortgage
in Home Purchase Mortgages from First Mid Bank & Trust · NMLS ID #411170
UnaffiliatedFirst Mid Bank & Trust Home Purchase Mortgage
in Home Purchase Mortgages from First Mid Bank & Trust · NMLS ID #411170
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Loan Amount | N/A |
Loan Term (Years) | 5 - 30 years |
First Mid Bank & Trust Home Purchase Mortgage Review
First Mid Bank & Trust Home Purchase Mortgage is offered by First Mid Bank & Trust (NMLS #411170), a bank founded in 1934 and based in Mattoon, IL. First Mid Bank & Trust Home Purchase Mortgage is available in 2 states across the USA.
What is the maximum loan term you can get with First Mid Bank & Trust Home Purchase Mortgage?
First Mid Bank & Trust 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.
Does First Mid Bank & Trust Home Purchase Mortgage charge a mortgage origination fee?
Yes, First Mid Bank & Trust Home Purchase Mortgage may charge a loan origination fee.
What mortgage programs does First Mid Bank & Trust Home Purchase Mortgage offer?
First Mid Bank & Trust Home Purchase 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%.
- 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 Mid Bank & Trust Home Purchase Mortgage allow?
Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. First Mid Bank & Trust Home Purchase Mortgage allows the following property usage types:
- Primary home
- Secondary homes and vacation properties
- Investment properties and house flipping projects
Contact
- Headquarters
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1515 Charleston Ave
Mattoon, IL 61938 - Visit Site
Other Services by First Mid Bank & Trust
Availability
- Illinois
- Missouri
Feature Breakdown
Credit Score Range | 580 - 840 |
Employment Statuses Considered |
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Intended Use |
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Joint Loan Applications Accepted |
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Minimum Age | 18 |
Property Type |
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Verification Documents Required |
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