FNBFirst National Bank
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Mortgages

 

First National Bank in Staunton offers loans for many purposes. We pride ourselves in offering competitive rates, quick loan approval and terms to meet your specific budget. Experienced loan officers are available Monday through Saturday to help you with all of your lending needs.

Click on any of the links below to learn more about that loan:

Fixed Rates

Adjustable Rate Mortgages

Junior Mortgages

USDA Rural Development loans

FHA (Federal Housing Administration) loans

VA (Veterans Administration) loans

Fixed Rates

A mortgage loan that gives you the assurance that you will pay the same principal & interest payment at a fixed interest rate throughout the term of your loan. We'll help you lock in the competitive term and rate you're looking for. A fixed-rate mortgage lets you take advantage of the same rate for years - even as interest rates change in the future.

Today's Fixed Rates or Apply Online or Speak with a Loan Officer

Printable Residential Loan Application

If you are interested in applying for an adjustable-rate mortgage, please download the Consumer Handbook on Adjustable-rate Mortgages booklet.

Download the Early ARM Disclosure Statement for 3/3.

Download the Early ARM Disclosure Statement for 5/5.

Adjustable-rate Mortgages

An adjustable-rate mortgage is a mortgage loan where the interest rate on the note will periodically be adjusted based on a chosen index plus a margin and fluctuates with the market. There are caps put on the rate changes at each adjustment as well as a lifetime cap. The caps provide protection to the borrower ensuring their rate will not adjust over the stated caps.

The annual percentage rate (APR) may vary. Rates are subject to change at any time.   

3/3 Adjustable-rate Mortgage

Rate:  4.000% / APR 4.057%

Current Annual Percentage Rate (APR) is 4.057%. The APR example is based on a loan amount of $100,000.00, 30 year amortization, maximum Loan to Value (LTV) of 80.00%, minimum FICO score of 740 and monthly payments of principal and interest (P&I) in the amount of $477.42 for payments 1 through 36. The monthly payments (P&I) based on the maximum lifetime interest rate of 10.000% is $820.30. The interest rate is subject to increase at the end of the 3-year fixed rate period. Your interest rate may be adjusted every 3 years thereafter. Your interest rate cannot increase or decrease more than 2.00 percentage points at each adjustment. However, under no circumstances will our interest rate increase more than 6.00 percentage points during the term on your loan. The index is the 12 Month London Interbank Offered Rate (LIBOR) as published in The Wall Street Journal. This index can change weekly. Initial rate and APR are effective as of 11/10/2014.

Download the Early ARM Disclosure Statement for 3/3.

5/5 Adjustable-rate Mortgage

Rate: 4.250% / APR 4.308%

Current Annual Percentage Rate (APR) is 4.308%. The APR example is based on a loan amount of $100,000.00, 30 year amortization, maximum Loan to Value (LTV) of 80.00%, minimum FICO score of 740 and monthly payments of principal and interest (P&I) in the amount of $491.94 for payments 1 through 60. The monthly payments (P&I) based on the maximum lifetime interest rate 10.250% is $815.20. The interest rate is subject to increase at the end of the 5-year fixed rate period. Your interest rate may be adjusted every 5 years thereafter. Your interest rate cannot increase or decrease more than 3.00 percentage points at each adjustment. However, under no circumstances will our interest rate increase more than 6.00 percentage points during the term on your loan. The index is the 12 Month London Interbank Offered Rate (LIBOR) as published in The Wall Street Journal. This index can change weekly. Initial rate and APR are effective as of 11/10/2014.

Download the Early ARM Disclosure Statement for 5/5.

Junior Mortgages

Please don't hesitate to contact a Loan Officer with any questions.

USDA Rural Development

30 Year Fixed

3.750% Rate 4.4907% APR
Based on $100,000 purchase price, $102,040 loan amount, 360 monthly payments of $472.56.

Payments do not include amounts for taxes, insurance premiums, and USDA Guarantee Fee. The actual payment obligation will be greater.

RATE IN EFFECT 11-12-2014. SUBJECT TO CHANGE WITHOUT NOTICE.
CALL FOR CURRENT RATES.

  • No down payment required

  • Fixed rate

  • Based on household income and property eligibility

USDA Home Loans supply 100% financing for a home purchase, or refinancing in a USDA designated rural area. USDA home loans are guaranteed by the United States Department of Agriculture and are serviced by direct lenders that meet federal guidelines.

The USDA home loan program extends many financial benefits to those who qualify including no down payment for the purchase of a home. USDA home loans also come with no monthly mortgage insurance, flexible credit guidelines, and low interest rates.

USDA home loan eligibility is based on financial history and the property you are choosing to purchase. By completing your USDA qualification request, our specialists will be able to inform you on how much you can afford and what your estimated monthly payment will be.

If you would like to discuss an USDA Rural Development loan, please contact one of the following First National Bank Loan Officers:

Kim Meyer - Staunton (618-635-2234 or kmeyer@fnbstaunton.com)

Mike Heffren - Staunton (618-635-2234 or mheffren@fnbstaunton.com)

Dione Rabida - Benld (217-835-4384 or drabida@fnbstaunton.com)

Debbie Hoog - Holiday Shores (618-656-5015 or dhoog@fnbstaunton)

Melissa Tarrant - Bethalto (618-377-9146 or mtarrant@fnbstaunton.com)

FHA (Federal Housing Administration)

Only 3.5% down with fixed rates.

VA (Veterans Administration)

  • No down payment required
  • Fixed rates
  • Available to those veterans who are eligible
  • NO PMI!

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Application

To apply online, please click here. After you have submitted your application, the following checklist will aid you in gathering the information necessary for First National Bank to process your loan request. Please do not hesitate to contact a Loan Officer with any questions.

Purchase of a Home Checklist:

  • Tax returns from the past three years – (if self-employed, also provide business returns)
  • W-2's from the past two years
  • 1 month recent pay stubs for each employed person
  • 3 months current bank statements if account is not with First National Bank
  • Sales contract with original signatures of buyers and sellers
  • Real estate agent’s name, address, and phone number
  • If sale is between individuals (no realtor), copy of previous title policy
  • Estimate on annual taxes
  • Estimate on homeowners insurance

Refinance of a Home Checklist:

  • Tax returns from the past three years– (if self-employed also provide business returns)
  • W-2’s from the past two years
  • 1 month recent pay stubs for each employed person
  • 3 months current bank statements if account is not with First National Bank
  • Copy of most recent real estate tax bill
  • Current homeowners insurance policy
  • Copy of existing title insurance policy
  • Statement from current mortgage holder – showing their name, address, phone number, your account number

Meet our First National Bank lenders!

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