Mortgage Loans

Fixed-Rate Mortgage Loans

Recommended for individuals who plan to own their home for more than 10 years, who expect interest rates to rise, or who have a fixed income and want to know what their payment will be for the life of the loan.

  • Loan to value up to 97% with private mortgage insurance
  • Terms up to 30 years
  • Low down payment programs
  • Gift funds acceptable
  • Interest may be tax-deductible (contact your tax advisor for more info)
  • Local underwriting
  • Service-retained product
  • Automatic deduction available

Adjustable-Rate Mortgage Loans

Recommended for individuals who plan to own their home for less than 10 years, or who expect interest rates to remain stable or decline. The interest rate may change at specific intervals, and the monthly payment may increase or decrease.

  • Loan to value up to 85%
  • Terms up to 30 years
  • Interest may be tax-deductible (contact your tax advisor for more info)
  • Local underwriting
  • Service-retained product
  • Gift funds acceptable
  • Automatic deduction available

Visit our Mortgage Center for rates, information about our lenders, and to find out if you qualify for a mortgage with First Bank.  Receive a credit decision the same you apply!

Anytime Mortgage - visit mortgage center

 

Do you have a unique property in mind, one that doesn’t fit secondary-market guidelines?  First Bank may be able to help with our in-house portfolio products! 

  • 3% down payment, and closing costs may be funded with certain gifts; or with grants or loans from a non-profit or government agency
  • Mortgage insurance requirements are lower and may be canceled over time
  • Fixed and adjustable rates are available.

Contact any of the First Bank mortgage professionals to see if you qualify for any of the following services.

VA Loans

Available to qualified military personnel or veterans.

  • No down payment required
  • No monthly mortgage insurance required
  • Finance up to 100% of the loan value
  • Local underwriting

USDA Loans

Available for qualified property in rural areas.

  • No down payment required
  • Finance up to 100% of the loan value
  • 30-year fixed interest rate
  • No maximum purchase price
  • Closing costs and all other eligible costs may be rolled into the loan
  • Local underwriting

FHA Loans

Available for eligible buyers purchasing a moderately-priced home with a smaller down payment.

  • Down payment as low as 3.5%
  • Down payment may be gifted by relative
  • No reserves required
  • Lower credit scores may be considered

 

 

Save

Save

Save

Save

Save

Save

Online Banking

Did You Know?

You can deposit checks online using a scanner. You can deposit checks online.
Learn more

Dept. Contacts

For more information on these products or to schedule an appointment, contact any of our mortgage professionals.

Tiffany Bailey
NMLS# 773320
Loan Originator
(765) 973-4269
(800) 548-8138, ext. 269
tbailey@firstbankrichmond.com

Stephanie Bell
NMLS# 773323
AVP/Loan Officer
(765) 973-4212
(800) 548-8138, ext. 212
sbell@firstbankrichmond.com

Ryan Lathery
NMLS# 650808
Mortgage Loan Officer
(765) 973-4240
(800) 548-8138, ext. 240
rlathery@firstbankrichmond.com

Charity Mohr
NMLS# 462480
Loan Originator
(317) 398-1000
cmohr@firstbankrichmond.com

Pam Stoops
NMLS# 773329
Sr. VP/Retail Lending Manager
(765) 973-4317
(800) 548-8138, ext. 317
pstoops@firstbankrichmond.com

Debbie Prather
NMLS# 773327
VP/Cambridge City Branch Manager
(765) 478-4451
dprather@firstbankrichmond.com

For your convenience, we also offer loan services at each of our indoor branches. Please see the Branch Manager at your nearest First Bank branch.

Note: Please do not include any personal or account information when submitting an e-mail. E-mail messages are not encrypted. If you need to give personal or account information, please telephone us or stop by one of our convenient locations.