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Mortgage Loans

Buying a new home or refinancing your existing mortgage?


First Northern Bank and Trust offers a wide range of residential Mortgage options to suit your financial and lifestyle needs. If you’ve never owned a home, be sure to check out our First-Time Home Buyers Program.

Your credit score and other factors can affect your ability to qualify for a loan and how much you pay for that loan. Please note, application and appraisal fees may apply. View Mortgage rates and details.

Fixed-Rate Mortgages

  • Purchase or refinance an existing dwelling
  • Up to 97% Loan to Value 
  • 10, 15, 20, and 30 year terms

Construction and Rehab Mortgage Loans

  • One Time Closing
  • Up to 95% Loan to Value (this offer does not apply to credit sale transactions)
  • Can be used for both purchases and refinances (1 unit primary residences or second homes only)
Call 1-800-344-2274, stop by any branch location, or apply online. 

Jumbo Loans

Defined as a single family home with a loan amount greater than $766,550.00. Financing is available at special rates and terms. Please call 1-800-344-2274 for details.

Investment Property Loans

Financing for 1-4 family rental properties is available at different terms and rates from our owner-occupied rates shown in our Mortgage Rate Chart. Please call 1-800-344-2274 for details.

Second Home

Financing for second homes/vacation homes is available at different terms and rates from the rates shown in our Mortgage Rate Chart. Please call 1-800-344-2274 for details.


Government Mortgage Lending Programs

If you have questions or are interested in submitting an Application, call 1-800-344-2274 and speak with one of our mortgage lending professionals, licensed through the Nationwide Mortgage Licensing System. See additional details.

Rural Housing USDA

Affordable home ownership opportunities are available to families and individuals looking to purchase an eligible home in a rural area with zero down payment. Income limits apply.

  • 100% LTV of appraised value
  • No down payment
  • 30 Year fixed-rate term
  • Purchase only
  • One unit, primary residence
  • Maximum county income limits apply
  • Up to 6% seller contribution allowed
  • No cash reserves required
  • Home must be located in HUD rural area

FHA Mortgage Lending

  • Backed by the government, this loan allows the borrower to pay for mortgage insurance. It enables a person to purchase a home with a lower down payment and lower income requirements than traditional loans.
  • 15 or 30 Year fixed-rate terms
  • 96.50% LTV - purchase transaction
  • 100% Gift allowed for down payment from a family member
  • Refinance up to 97.75% of a home's value
  • 85% LTV for cash-out
  • No reserves for 1-4 unit properties
  • Single family, 2-4 units, PUD condos, and manufactured homes
  • Owner-occupied primary residence

VA Mortgage Lending

Veterans Affairs Mortgages are available to active military members and veterans. There are no mortgage insurance requirements and sometimes borrowers can qualify for zero down payment.

  • 15, 20, and 30 Year fixed-rate terms
  • LTV up to 100%
  • No down payment requirement as long as the sales price does not exceed the appraised value
  • No private mortgage insurance requirement
  • Purchase, rate and term, and cash-out refinances are available
  • Closing costs may be paid by the seller
  • Borrower must have a valid Certificate of Eligibility


Loan application packages for a VA, FHA, and USDA loans are forwarded to preferred lending partners. First Northern Bank and Trust does not underwrite, decision, fund, or service these loans. If the loan is originated, we receive compensation for the services we provided in connection with the loan transaction.