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FirstBank Mortgage Loan

in Home Purchase Mortgages from FirstBank · NMLS ID #458768

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FirstBank Mortgage Loan

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in Home Purchase Mortgages from FirstBank · NMLS ID #458768

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

FirstBank Mortgage Loan Review

FirstBank Mortgage Loan is offered by FirstBank (NMLS #458768), a bank founded in 1963 and based in Lakewood, CO. FirstBank Mortgage Loan is available in 3 states across the USA.

FirstBank Mortgage Loan FAQ

What is the maximum loan term you can get with FirstBank Mortgage Loan?

FirstBank 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.

What range of rates does FirstBank Mortgage Loan offer?

FirstBank Mortgage Loan offers home loans with APRs starting at 2.74% .

Does FirstBank Mortgage Loan charge a mortgage origination fee?

Yes, FirstBank Mortgage Loan may charge a loan origination fee of 1% of the loan amount.

What mortgage programs does FirstBank Mortgage Loan offer?

FirstBank 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.
  • Conforming: Mortgages that meet the loan requirements of Fannie Mae and Freddie Mac. These have fixed rate terms of 10 to 30 years and adjustable rate terms ranging from 3 to 10 years. Down payments as low as 5%.
  • 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 FirstBank Mortgage Loan allow?

Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. FirstBank Mortgage Loan allows the following property usage types: 

  • Primary home
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Availability

  Available in 3 states
  • Arizona
  • California
  • Colorado

Feature Breakdown

Origination Fee (%) 1%
Credit Score Range 650 - 840
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Intended Use Primary Home
Minimum Age 18
Property Type
  • Manufactured/Mobile Home
  • Multi-Family Home
  • Single Family Home
  • Townhome
Verification Documents Required
  • Recent Pay Stubs
  • Proof of Income
  • Proof of Identity
  • Government Issued Photo ID
  • Recent Bank Statements
  • Social Security Number
  • Driver License (or other photo ID)
Investment
Primary Residence
Mortgage Features Loan Portability
APR Starting at 2.74%
Loan Term 5 - 30 years
Interest Rate Types Offered
  • Fixed-Rate Mortgage
  • Adjustable-Rate Mortgage (ARM)
  • Option ARM
Mortgage Programs
  • FHA
  • USDA
  • VA
  • Conventional Mortgages
  • Jumbo
  • Conforming

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