If there is ever a time to put your trust in the hands of a faraway corporate headquarters, it most definitely is not with your home mortgage. First National Bank has been providing local home ownership solutions to our neighbors for over 100 years.
We will work hard to tailor a loan that fits your needs and budget. Whether you're buying your first home, purchasing a vacation home in North Louisiana, or building your dream home from the ground up, we're always there for you.
- First Mortgage
- Competitive rates
- Personal service every step of the way
- Helpful, informative loan officers
- Wide range of mortgage options:
- Fixed rate mortgage
- Adjustable rate mortgage (ARM)
- FHA and VA loans/Rural Housing loans
- Construction loans
- Interest-only loans
- Vacation and Second Home Financing
- Pre-qualification for better buying power
- Rate-lock available
- Smooth, seamless closing
Refinancing could be right for you if you are looking to reduce your monthly payments, shorten the length of your loan, convert equity to cash, or convert an ARM to a fixed rate.
There are times to refinance, and times not to refinance. First National Bank can help you determine if it makes sense for you, and can get it done quickly, whether your first mortgage was with us or another institution.
If the current value of your home has increased or if rates have dropped significantly since your mortgage, refinancing may be a good idea. If your home value has remained stable or you are in an area where the value of your home has declined, it probably isn't a good idea to decline.
In addition to saving money, refinancing is a way to utilize your equity without selling your house. You can convert that equity into cash for home improvements, debt consolidation, paying for college, financing a vacation home, or just about anything.
How much will it cost?
Keep in mind there are closing costs associated with refinancing. These costs can be rolled into the mortgage, but that means you are adding to the principal. To determine if you will be better off refinancing for the long-term, determine how much you will save per month by refinancing. Calculate how many months it will take, based on these savings, to equal the closing costs. That is your break even point. If you will be in the home at least that long, you come out on top.
- Construction Loans
Sometimes, the perfect home isn't there yet. If you're building your house from the ground up, rest assured that First National Bank has been there, done that with happy homeowners throughout North Louisiana.
- Specialized expertise
- Great interest rates
- Convenient construction-to-permanent financing
- Commitment to personal service
- Local management and underwriting
- Easy application process