First National Bank and Trust Mortgage Rates and Loan Programs

First National Bank and Trust offers a range of mortgage rates, with rates starting at 3.5% for a 30-year fixed-rate mortgage.

Their mortgage rates are competitive, with options for both fixed and adjustable-rate loans.

For homebuyers, they offer a variety of loan programs, including conventional, FHA, and VA loans.

These loan programs cater to different needs and financial situations, making it easier for borrowers to find the right mortgage for them.

First National Bank and Trust offers a variety of mortgage options to suit different needs and financial situations.

For fixed-rate mortgages, First National Bank and Trust offers terms ranging from 10 to 30 years, with interest rates starting as low as 3.5% APR for a 30-year mortgage.

Choosing the right mortgage option depends on factors such as income, credit score, and long-term financial goals.

A 10-year fixed-rate mortgage may be ideal for those who want to pay off their mortgage quickly and save on interest, while a 30-year mortgage may be more suitable for those who need a lower monthly payment.

Curious to learn more? Check out: 10 Year Adjustable Mortgage Rates

Fixed Rate Mortgages are a popular choice for homebuyers, offering stability and predictability in monthly payments. They come in various terms, including 30, 20, and 15 years.

The 30 Year Fixed Rate Mortgage has a rate of 6.875%, with an APR of 6.975% and a sample monthly payment of $656.93.

A 20 Year Fixed Rate Mortgage has an even lower rate of 6.375%, with an APR of 6.500% and a sample monthly payment of $738.23. This option can save you money in the long run by paying off your loan faster.

The 15 Year Fixed Rate Mortgage has the lowest rate of 6.000%, with an APR of 6.153% and a sample monthly payment of $843.86. This option is ideal for those who can afford higher monthly payments and want to pay off their loan quickly.

Here's a comparison of the three options:

Keep in mind that these rates and payments are examples and may vary depending on your individual circumstances.

Jumbo Loans are designed for borrowers who need a loan amount over $806,500. This type of loan has a higher interest rate compared to conventional loans.

The rates for Jumbo Loans vary depending on the type of loan. For example, a 30 Year Fixed Rate Mortgage Jumbo has a rate of 6.375%, while a 15 Year Fixed Rate Mortgage Jumbo has a rate of 6.750%.

Here are some sample monthly payments for Jumbo Loans:

A 30 Year Fixed Rate Mortgage Jumbo with a rate of 2.625% has a sample monthly payment of $2,811.55. This is a significant difference compared to the 6.375% rate mentioned earlier.

For a 15 Year Fixed Rate Mortgage Jumbo, the rate of 2.625% results in a sample monthly payment of $4,708.83. This is also a lower payment compared to the 6.750% rate.