SuperMoney
  First Mid Bank & Trust Home Refinancing

First Mid Bank & Trust Home Refinancing

in Mortgage Refinance from First Mid Bank & Trust · NMLS ID #411170

Unaffiliated

First Mid Bank & Trust Home Refinancing

Unaffiliated

in Mortgage Refinance from First Mid Bank & Trust · NMLS ID #411170

Not enough votes for recommendation

Not enough votes for recommendation

Cast your vote

Would you recommend First Mid Bank & Trust Home Refinancing to your friends?

Thanks for your vote!

You voted: May or may not recommend

Highlights
Loan Amount N/A
Loan Term (Years) N/A

First Mid Bank & Trust Home Refinancing Review

First Mid Bank & Trust Home Refinancing is offered by First Mid Bank & Trust (NMLS #411170), a bank founded in 1934 and based in Mattoon, IL. First Mid Bank & Trust Home Refinancing is available in 2 states across the USA.

Key Takeaways
  • 5 different mortgage programs offered. First Mid Bank & Trust Home Refinancing refinances FHA, USDA, VA, jumbo, conforming, and conventional mortgages.
  • Financing for single-family and multi-family properties. However, First Mid Bank & Trust does not offer financing for manufactured homes.
  • Standard interest rates types. First Mid Bank & Trust Home Refinancing offers adjustable-rate mortgages and fixed-rate mortgages.
  • 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 580 may qualify for First Mid Bank & Trust Home Refinancing.
First Mid Bank & Trust Home Refinancing 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 Mid Bank & Trust Home Refinancing FAQ

Does First Mid Bank & Trust Home Refinancing charge a mortgage origination fee?

Yes, First Mid Bank & Trust Home Refinancing will charge a loan origination fee.

What mortgage programs does First Mid Bank & Trust Home Refinancing offer?

First Mid Bank & Trust Home Refinancing 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 Refinancing allow?

Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. First Mid Bank & Trust Home Refinancing allows the following property usage types: 

  • Primary home
  • Secondary homes and vacation properties
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

  • Headquarters
  •   1515 Charleston Ave
    Mattoon, IL 61938
  •   Visit Site

Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 4:00pm
  • Tuesday 9:00am - 4:00pm
  • Wednesday 9:00am - 4:00pm
  • Thursday 9:00am - 4:00pm
  • Friday 9:00am - 5:00pm
  • Saturday 9:00am - 12:00pm

Other Services by First Mid Bank & Trust

Availability

  Available in 2 states
  • Illinois
  • Missouri

Feature Breakdown

Credit Score Range 580 - 840
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Intended Use
  • Investment
  • Primary Home
  • Secondary Home
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Minimum Age 18
Property Type
  • Multi-Family Home
  • Single Family Home
  • Townhome
Verification Documents Required
  • Recent Pay Stubs
  • Proof of Income
  • Proof of Identity
  • Proof of Residence
  • Proof of Insurance
  • Government Issued Photo ID
  • Recent Bank Statements
  • Social Security Number
  • Driver License (or other photo ID)
Interest Rate Types Offered
  • Fixed-Rate Mortgage
  • Adjustable-Rate Mortgage (ARM)
Mortgage Programs
  • FHA
  • USDA
  • VA
  • Conventional Mortgages
  • Jumbo

Be the first to rate

 

Would you recommend First Mid Bank & Trust Home Refinancing to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
(will require moderator approval)

Other Mortgage Refinance