Frequently Asked Questions
Why should I use First Bank Mortgage?
A combination of professional expertise and courteous hometown service allows us to offer the very best mortgage experience in our area. With a wide array of products to suit your unique needs, plus consistently competitive rates, we are able to offer you great customer service and save you money. But don’t take our word for it.
Why should I get pre-qualified?
Getting pre-qualified is a quick and easy way to find out exactly how much home you can afford. It is an informal process that requires no commitment on your part.
Besides giving you peace of mind and helping to narrow your search for a home, getting pre-qualified can increase your bargaining power since listing agents and homeowners prefer dealing with buyers who are pre-qualified. You can get pre-qualified today online by phone, or drop by.
Why can’t I apply online?
There is no one loan program that’s right for everyone. First Bank Mortgage carries a variety of loan programs in an effort to tailor a mortgage to your specific needs, and each loan program offers different down payment options, terms, and qualifications that, while offering you increased flexibility, can also be confusing. An expert loan officer can help guide you through this process and make certain that you are getting the very best mortgage for your unique situation.
What is the loan process?
Click here to view the loan process page.
How does my credit score affect my ability to get a mortgage?
Your credit score is a number between 400 and 800 that represents the level of risk you are estimated to pose to potential lenders. Lenders use your credit score to determine things like what interest rate, terms, and loan amount you qualify for, as well as whether there should be any restrictions or conditions attached to the loan.
If you are worried that your credit score might adversely affect your ability to get approved for a mortgage, come talk to us. First Bank Mortgage has programs that fit the financial profiles of many different types of people. We will run your credit report, analyze your situation, and discuss your options with you. The worst thing you can do is to decide on your own that you will not be approved for a mortgage loan, because quite often that is not the case.
Where can I find a list of FBM’s current rates?
Click here to view the current rates page.
Why can’t I apply online?
There is no one loan program that’s right for everyone. First Bank Mortgage carries a variety of loan programs in an effort to tailor a mortgage to your specific needs, and each loan program offers different down payment options, terms, and qualifications that, while offering you increased flexibility, can also be confusing.
An expert loan officer can help guide you through this process and make certain that you are getting the very best mortgage for your unique situation.