Lending Programs

 

We are here to help you find the right mortgage product for you.

 

We understand every borrower is different, and we offer a variety of products and programs to meet your individual needs and requirements. Please contact a First Liberty Bank Mortgage Loan Officer for a complete list of available mortgage options.

 

Our Home Loan Programs:

Conventional Loan: This type of loan offers a broad range of Fixed and Adjustable Rate Mortgages (ARMs).

FHA Loan: Insured by the Federal Housing Administration, these programs offer low down payments and can be either Fixed or Adjustable Rate Loans.

VA Loan: This product has many advantages and makes it one of the most appealing paths to homeownership. Service members and Veterans can benefit from cost savings under qualification requirements designed specifically for members of the military.

Jumbo/Non-conforming Loan: This type of mortgage loan serves clients needing a loan amount that exceeds the conforming loan limits. We offer Fixed Rate Loans and ARMs.

USDA Loan:  The USDA Rural Development Guaranteed Housing Loan Program is a mortgage loan provided by the US Department of Agriculture to rural property owners and is designed to improve the economy and quality of life in rural America.

Physician Mortgage: A unique First Liberty Bank Mortgage product designed for doctors right out of medical school and early career physicians who may not have savings available for a down payment or may have high student loan obligations.

Community Heroes Mortgage: Because local heroes deserve local homes, First Liberty Bank now offers a low down payment mortgage for eligible professions such as federal, state or local government law enforcement agencies, fire departments, active and former military personnel, teachers and medical providers. Please contact a First Liberty Bank Mortgage Lender for more details.

Community Experts Mortgage: Similar to the Community Heroes mortgage, the Community Experts mortgage is designed for local professionals such as Certified Public Accountants, Chartered Financial Analysts, and Architects. 

 

Types of Loans:

Fixed-Rate Loan: These loans have a flat interest rate over the term of the loan allowing the borrower to predict their future payments. Only an increase or decrease in escrow will change the monthly payment.

Adjustable-Rate Mortgage (ARM): This is a loan with an interest rate that changes. These types of loans may start with monthly payments lower than a fixed-rate loan. However, the monthly payments can change as interest rates fluctuate.

 

2nd Mortgage Products:

Home Equity Line of Credit: This is typically a 2nd mortgage loan with funds available for any purpose.

Home Improvement 2nd Mortgage: Provides up to $100,000 for home improvements and requires little to no equity in your home.

Purchase-Money 2nd Mortgage: Also known as a "Piggy-Back Loan," this is where you are essentially loaned a portion of your down payment to avoid PMI (Private Mortgage Insurance) or to maintain a certain 1st mortgage loan amount or payment.

 

Certain restrictions apply to all programs. See your First Liberty Bank Mortgage Loan Officer for complete program guidelines, loan application, applicable fees, and annual percentage rates (APRs) for all loan programs. Full underwritten approval is required, and all loan approvals are subject to credit, income, and asset review and approval.