Log In  |  Contact Us  |  Help
Types of Loans

Fixed Rate Mortgages

 

  • Steady Payments
  • Options of 15, 20, or 30 year terms
  • Interest rate does not change during the life of the loan

 

Guaranteed Rural Housing (USDA)

 

  • No down payment
  • Insured by the federal government
  • Fixed rate for 30 year term
  • Loans may be made up to the properties appraised value
  • Ideal for those who have set incomes
  • Available in qualifying areas

 

WHEDA Advantage

 

  • Down payment can be a gift
  • Minimum Closing costs
  • 30 year fixed interest rate
  • Programs with no primary mortgage insurance available

 

FHA Mortgages

 

  • 30 year fixed rate
  • Minimal down payment, may be gifted
  • No income limits
  • Not limited to first time home buyers

 

Federal VA Mortgage

Available for:

  • Qualified Armed Forces personnel
  • Active military personnel
  • Veterans or their surviving spouse

Home Possible Mortgage

Available for low to moderate income borrowers

 

  • Low down payment option
  • Stable/fixed monthly mortgage payments
  • Flexible closing cost funding options
     

 

Construction/Remodel Loans

 

Building a new home or updating an existing one is very exciting, but financing new construction requires a special type of mortgage loan. Contractors and subcontractors will require payments as construction continues. 

First National Bank of River Falls can help you through this process, while you take advantage of:

 

  • Low interest rates
  • Interest only payments during construction phase
  • Easy transition to a First National Bank of River Falls end loan

 

Copyright © 2017 First National Bank of River Falls
Internet Privacy Policy  | Security Statement  |  Site Map