First National Community Bank offers a variety of loan programs with very competitive rates.
Fixed Rate Mortgages:
As the name suggests, fixed rate mortgages are loans on which the interest rate remains the same for the life of the loan.
Adjustable Rate Mortgage:
A type of loan where the interest rate is fixed for an initial period and is subject to change every year thereafter. Rates may increase after the initial fixed-rate period.
Guaranteed Rural Housing:
No down payment or Mortgage Insurance required. Income limits apply.
Loans available for land ranging from small lots to raw land and recreational property.
Construction Financing: A short-term loan that provides funds to cover the cost of building or rehabilitating a home. The money borrowed through a construction loan is typically provided in a series of advances as the construction progresses.
FHA: A mortgage insured by the Federal Housing Administration (FHA) FHA loans are designed for low-to-moderate income borrowers who are unable to make a large down payment.
VA: A mortgage loan guaranteed by the Unites Stated Department of Veterans Affairs (VA). The basic intention of the VA home loan program to supply home financing to eligible veterans and to help veterans purchase properties with no down payment.