Get a competitive rate on a mortgage or refinancing loan.
First Northern Bank and Trust offers fixed-rate Mortgages for existing dwellings, and construction loans with a construction/permanent financing package for new homes. Your credit score and other factors can affect whether you can get a loan and how much you will have to pay for that loan. Please note, application and appraisal fees apply. View all Mortgage Loans.
apply for a mortgage nowLending programs from the U.S. Department of Agriculture (Rural Housing USDA), the Federal Housing Administration (FHA), and Veterans Affairs (VA) are also available.
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The Annual Percentage Rates (APR) shown in the chart are calculated using an assumed loan amount of $100,000.00 or more amortized over the maximum term and a loan-to-value ratio (LTV) of 80% (a borrower making a 20% down payment) on the purchase of a single-family detached dwelling that is owner occupied as a primary residence. Rates are subject to change without notice. Loans are subject to credit approval. Payments do not include amounts for taxes and insurance premiums and the actual payment will be greater. Property insurance is required.
The APR reflects any pre-paid finance charges as well as the anticipated interest expense over the life of the loan. Conventional financing only. Rates may vary among borrowers based upon factors, including but not limited to the borrower’s credit score and loan-to-value ratios. Borrowers may have the option to buy down the interest rate by paying discount points.
The APR is accurate as of December 9, 2024 and is subject to change without notice.
Term
|
Interest Rate
|
Points See details
|
APR See details
|
Monthly Payment Example |
10-Year Fixed Rate
See details |
6.000%
|
0
|
6.329%
|
Borrow at 6.000% for 120 months and make a low monthly payment of $11.27 for every thousand borrowed. 720 minimum credit score required.
|
15-Year Fixed Rate
See details
|
6.125%
|
0
|
6.360%
|
Borrow at 6.125% for 180 months and make a low monthly payment of $8.63 for every thousand borrowed. 720 minimum credit score required.
|
20-Year Fixed Rate
See details
|
6.375%
|
0
|
6.567%
|
Borrow at 6.375% for 240 months and make a low monthly payment of $7.50 for every thousand borrowed. 720 minimum credit score required.
|
30-Year Fixed Rate
See details
|
6.625%
|
0
|
6.775% |
Borrow at 6.625% for 360 months and make a low monthly payment of $6.50 for every thousand borrowed. 720 minimum credit score required. |
The Annual Percentage Rates (APR) shown in the chart are calculated using an assumed loan amount of $100,000.00 or more amortized over the maximum term and a loan-to-value ratio (LTV) of 80% (a borrower making a 20% down payment) on the purchase of a single-family detached dwelling that is owner occupied as a primary residence. Rates are subject to change without notice. Loans are subject to credit approval. Payments do not include amounts for taxes and insurance premiums and the actual payment will be greater. Property insurance is required.
The APR reflects any pre-paid finance charges as well as the anticipated interest expense over the life of the loan. Conventional financing only. Rates may vary among borrowers based upon factors, including but not limited to the borrower’s credit score and loan-to-value ratios. Borrowers may have the option to buy down the interest rate by paying discount points.
Loan application packages for VA and FHA loans are forwarded to preferred lending partners. First Northern Bank and Trust does not underwrite, decision, price, fund, or service these loans. If the loan is originated, we receive compensation for the services we provided in connection with the loan transaction.
