First Bank and Trust Mortgage Refinance

First Bank and Trust Mortgage Refinance Review

First Bank and Trust Mortgage Refinance is offered by First Bank and Trust (NMLS #409296), a bank founded in 1925 and based in Brookings, SD. First Bank and Trust Mortgage Refinance is available in 2 states across the USA.

Key Takeaways

• 4 different mortgage programs offered. First Bank and Trust Mortgage Refinance refinances FHA, USDA, VA, conforming, and conventional mortgages.
• Financing for single-family and multi-family properties. However, First Bank and Trust does not offer financing for manufactured homes.
• Considers personal use and investment properties. Refinancing 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 650 may qualify for First Bank and Trust Mortgage Refinance.

First Bank and Trust Mortgage Refinance Pros & Cons

Pros	Cons
Considers applicants with fair credit. Offers financing for both single and multi-family homes.	Charges an origination fee. Charges prepayment fees. Only available in 2 states.

First Bank and Trust Mortgage Refinance FAQ

How long does First Bank and Trust Mortgage Refinance take to refinance?

First Bank and Trust Mortgage Refinance 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 Mortgage Refinance charge a mortgage origination fee?

Yes, First Bank and Trust Mortgage Refinance will charge a loan origination fee.