Mortgage loans
We offer competitive rates when you refinance or buy a new house or residential or commercial investment property. And with most of our mortgage loans you can reap the additional benefit of "bundling" when you have other First Resource accounts. Your account balances are based not only on the balance in your checking account but on the cumulative balances in all your First Resource accounts, giving you credit for your overall relationship with us. Say goodbye to monthly service fees!

Full continuum of loans
A concrete advantage to using First Resource Bank for your mortgage loans is our ability to fund every stage of a project. We'll work with you at the early stages, such as securing a lot loan, where other banks may not. At First Resource Bank, when the loans are structured properly, you can secure the land, finance the construction of a home or commercial property, and then acquire the property with a permanent mortgage through one funding source. It's a full continuum of loans in one easy step!

First-time Homebuyers
The first time you build or buy a home it can feel overwhelming. We start by listening and helping you understand all the loan options available to you. Working together, our loan specialists help you find the best solution for you and your family.

Fixed Rate Mortgages
Fixed-rate loans provide long-term rate protection for borrowers who plan to live in their homes for more than seven years. Variable terms are available to suit your needs.

Adjustable Rate Mortgages - ARM
ARMs are best suited to borrowers who plan to live in their home for only 2-5 years, or those who expect their income to increase significantly over the next few years. The most common ARMs offer annual and lifetime interest rate caps with varying rates by program.

Bridge/Balloon Mortgages
When you plan to sell or refinance your mortgage before the end of its term, this may be a good option for you. Principal and interest payments are amortized over a longer time period making your monthly payments smaller and leaving a lump sum (i.e. balloon) due at the end of the term. Some bridge or balloon mortgage loans allow you to modify or extend the original terms of the loan before the balloon payment is due.

Construction to Permanent Financing
Construction loans provide temporary financing to borrowers or builders while a new home is being constructed. Once built, the loan can be converted to a permanent loan with minimal additional fees or costs. As is often needed in these situations, we offer the flexibility of extended rate locks along with competitive rates and terms.

Jumbo Mortgages
Jumbo loans are for borrowers who need financing over $359,650, the conventional loan limit. Again, we offer competitive rates and terms. Self-employed customers who meet credit guidelines may also qualify for certain jumbo loan programs.

Residential Lot Loans
Secure the land on which you plan to build your new home with a First Resource lot loan. Please see our loan specialists for details.

The Benefit of Bundling

With most of our mortgage loans you can reap the additional benefit of "bundling" when you have other First Resource accounts. Your account balances are based not only on the balance in your checking account but on the cumulative balances in all of your First Resource accounts, giving you credit for your overall relationship with us. Say goodbye to monthly service fees!

Mortgage Calculator
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