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Last Updated: 04/18/2025

First Bank and Trust Company Mortagage Refinance Loan

from First Bank & Trust Company

Last Updated: 04/18/2025

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2 users recommend

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Highlights

Credit Score Range

650 - 840

Amount Range

N/A

Loan Term (Years)

N/A

First Bank and Trust Company Mortagage Refinance Loan Review

First Bank and Trust Company Mortagage Refinance Loan is offered by First Bank & Trust Company , a bank founded in 1979 and based in Abingdon, VA. First Bank and Trust Company Mortagage Refinance Loan are available in 2 states.

Key Takeaways

Financing for single-family and multi-family properties. However, First Bank & Trust Company does not offer financing for manufactured homes.
Standard interest rates types. First Bank and Trust Company Mortagage Refinance Loan offers adjustable-rate mortgages and fixed-rate mortgages.
Considers personal use and investment properties. Refinancing available for primary residences, secondary homes (e.g. vacation properties), and even investment homes such as rentals.
Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.
Cosigner and coborrower applications accepted. A cosigner or coborrower can help you qualify for better rates and terms when applying for First Bank and Trust Company Mortagage Refinance Loan.
Fair credit accepted. Borrowers with a credit score as low as 650 may qualify for First Bank and Trust Company Mortagage Refinance Loan.

First Bank and Trust Company Mortagage Refinance Loan Pros & Cons

Pros

Cons

Considers applicants with fair credit.
Offers financing for single-family homes, multi-family homes, and townhomes.

Charges an origination fee.
Charges prepayment fees.
Only available in 2 states.

First Bank and Trust Company Mortagage Refinance Loan FAQ

How long does First Bank and Trust Company Mortagage Refinance Loan take to refinance?

First Bank and Trust Company Mortagage Refinance Loan does not provide details on the average time to close a refinance. However, it typically takes 30 to 45 days to complete a refinance. Of course, a lot depends on the market, the lender, and how long appraisals and inspections take.

Does First Bank and Trust Company Mortagage Refinance Loan charge a mortgage origination fee?

Yes, First Bank and Trust Company Mortagage Refinance Loan will charge a loan origination fee .

What mortgage programs does First Bank and Trust Company Mortagage Refinance Loan offer?

First Bank and Trust Company Mortagage Refinance Loan offers the following mortgage types:

Conventional mortgages: This includes any mortgage that is not insured or guaranteed by the federal government.

What property usage types does First Bank and Trust Company Mortagage Refinance Loan allow?

Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. First Bank and Trust Company Mortagage Refinance Loan allows the following property usage types:

Primary home
Secondary homes and vacation properties

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Contact

Headquarters

711 West Main Street

Abingdon, VA 24210

Visit Site

Email Support

Hours of Operation

SundayClosedMonday8:30AM - 5:00PMTuesday8:30AM - 5:00PMWednesday8:30AM - 5:00PMThursday8:30AM - 5:00PMFriday8:30AM - 6:00PMSaturday8:30AM - 1:00PM

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SuperMoney Net Recommendation Score

Not enough SuperMoney users have reviewed this product to provide a recommendation score or rating.

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The recommendation score reflects customer satisfaction with a provider. A score of +100 means every customer recommends the provider, while -100 means none of them do. These scores are based entirely on community member votes and are not influenced by partner compensation. SuperMoney removes fake reviews when detected.

First Bank and Trust Company Mortagage Refinance Loan Community Reviews

Would you recommend First Bank and Trust Company Mortagage Refinance Loan to your friends?

MC

Mazhar C.

Nov 25, 2022

May or may not recommend

First bank and Trust Company Mortgage Refinance Loan was a saving grace for me.I especially liked it that they offer loans to people with a credit score as low as 650 with adjustable- rate mortgages and fixed mortgages, the only draw back I found was the extra fee they charge if you pay the mortgage refinance loan early.Even with that draw back I will still recommend First bank and Trust ...Show More

EK

Edwin K.

Dec 31, 2020

May or may not recommend

First bank and Trust Company Mortgage Refinance Loan was a saving grace for me.I especially liked it that they offer loans to people with a credit score as low as 650 with adjustable- rate mortgages and fixed mortgages, the only draw back I found was the extra fee they charge if you pay the mortgage refinance loan early.Even with that draw back I will still recommend First bank and Trust ...Show More

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