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Lowest Mortgage Rates – Jacksonville, NC

Homebuying 2 min read

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If you are looking for some of the lowest mortgage rates in Jacksonville, NC, your local First Bank can help. Now is a great time to buy a home in Jacksonville, North Carolina. The median sale price for homes in the area is decreasing, and First Bank’s versatile loan options can help you take advantage of the trend and put you in a cozy home at an affordable price.

Get traditional mortgage loans including government-backed loans, loans for professionals, and non-conforming loans. We also offer building and construction loans.

First Bank Offers Competitive Mortgage Rates on the Following Loans:

  • Adjustable Rate Mortgages. Interest rates that change periodically depending on various factors.
  • Fixed-Rate Mortgages. An interest rate and monthly mortgage payment that remains steady throughout the lifetime of the loan.
  • Jumbo Loans. A non-conforming loan for those with higher property values.
  • Government Loans. FHA, VA and rural housing loans.
  • Construction Loans. Financing for up to one year of new construction on a home.
  • Dream It, Own It Loans. First-time homebuyers complete a home-buying education session and select a home within certain geographies.

Lowest Mortgage Rates - Jacksonville, NC

Learn How to Get the Lowest Mortgage Rates in Jacksonville, NC

First Bank offers more than just competitive mortgage rates. We also offer up the knowledge needed by first-time or experienced home buyers, refinancing or builders with our Mortgage Know-How collection of articles and materials helpful to all home buyers.

You can also use our mortgage calculator to estimate your monthly mortgage payment or decide whether renting or buying is best for you.

Fill out a quick form and be contacted by one of First Bank’s Mortgage specialists within 48 hours or simply visit our Jacksonville, North Carolina branches on New Bridge Street or Western Boulevard.


Loans subject to credit approval.

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Sources:

Trulia: http://www.trulia.com/real_estate/Jacksonville-North_Carolina/

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Construction Loans 101: Adjustable Rates If you’re considering building a home, one of the more pressing concerns is the rate you’ll receive for a construction loan. For residents of the Carolinas, First Bank* has convenient locations to stop by for a discussion about your construction loan options. With our One-Time Close Construction-to-Permanent loan, you have the potential to build the house of your dreams. Construction-to-Permanent Loan First Bank offers a One-Time Close Construction-to-Permanent Loan.** With this loan, the cost of your lot, construction, and permanent mortgage is covered in a single loan. Our construction loan rates vary, but you can choose from a variety of fixed or adjustable rate loan options for your permanent financing. Our One-Time Close Construction-to-Permanent Loan consists of two phases: the construction phase and the permanent phase. During the construction phase, you will only make interest payments. When the construction is complete, the permanent phase modifies the loan into a permanent loan. During the permanent phase, the construction loan will be converted to a permanent loan. Other benefits of First Bank’s One-Time Close Construction-to-Permanent Loan include: No prepayment penalties A single set of closing costs Flexible use to finance a primary residence Ability to purchase your lot Benefits of Building a Home If you are thinking about building a home, consider these benefits: Customization—Building a home gives you the opportunity to make everything look exactly how you want it. Low Maintenance Costs—Because homes are built with all new materials and typically have all new appliances, you will spend less on repairs and updates. Efficiency—As technology improves, new homes are becoming increasingly more energy efficient. When you build a new home, you have the opportunity to include as many green materials as you want. Value—New homes have a longer life expectancy so they typically appraise higher than older homes. Ready to get started? You can begin your mortgage application or visit a First Bank branch to speak with a mortgage loan expert today. *Equal Housing Lender. NMLS #474504. **Loans subject to credit approval. ——— Source: http://www.investopedia.com/articles/personal-finance/062614/should-you-buy-or-build-home.asp 2 min read