Skip to main content
_FB_2018-Icons-finalized-cleaned-up_new_FB_2018-Icons-finalized-cleaned-up_newGroup 9
Back
Scroll to top

FHA Mortgage Loans – Asheboro NC


Since 1935, First Bank has been a bank dedicated to providing for the community. We offer FHA mortgage loans in Asheboro, NC to help home buyers and refinancers obtain a mortgage that is beneficial for them. A FHA mortgage loan is a loan where the Federal Housing Administration (FHA) insures mortgages for qualified homebuyers or refinancers with benefits such as low down payments and flexible terms.

First Bank Can Provide FHA Mortgage Loans To Qualified Homebuyers 

There are a lot of things to consider before applying for a FHA mortgage loan, like features, terms and benefits. First Bank offers a variety of fixed-rate and adjustable-rate FHA mortgage loan options. Some other features include:

  • Down payment options as low as 3.5%.
  • May allow you to use a gift or grant for all or a portion of the down payment or closing costs.
  • Lets you add extra features such as a temporary buy down.
  • You typically have to pay upfront and monthly FHA mortgage insurance premiums.

There are many benefits to an FHA mortgage loan. Probably the most notable benefit is that they require less cash upfront, which is beneficial for home buyers that can’t meet the traditional 20% down payment requirements. FHA mortgage loans are also available for all income levels.

Before applying for an FHA mortgage loan at First Bank in Asheboro, NC, it is important to consider a few things.

  • FHA loans have low down payments, but there are other loan products that could have the same benefits. Speaking with a First Bank loan specialist could help you determine what type of loan works best for your financial situation.
  • Sometimes FHA loans can be more expensive than other options and should be considered after looking at all other loan products that meet your credit qualifying and financial needs.

To learn more about First Bank’s FHA mortgage loans, click here or visit our Asheboro, NC branch.


Loans subject to credit approval.

———

Sources:

FHA: https://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/fhahistory

Trending Topics
Your Community Bank – Albemarle, NC When choosing a community bank to address all of your banking needs, it’s important to consider a bank that’s small enough to know you like a neighbor but large enough… Remodeling Loan – Albemarle, NC As the housing market begins to recover, so does the remodeling landscape. In fact, remodeling sales jumped 10% in 2013 and nearly half of remodelers surveyed expected similar growth in… Best Personal Loans – Florence, SC What makes for the best personal loan in Florence, SC? Interest rates and other terms aside, it all boils down to which personal loan is best for you. In Florence,… Rental Property Mortgage Rates – Florence, SC Owning a rental property is a popular way to build some equity, qualify for tax benefits and earn some easy cash. In Florence, SC, competitive rental property mortgage rates can… Checking Account Comparison – South Carolina With over 75 banks located in the state of South Carolina, checking account comparison can be overwhelming. If you live in South Carolina and are looking at opening a checking account,… Find the Best Small Business Loan Rates Near Me at First Bank Searching for some of the best rates and the most flexible terms for your small business doesn’t have to take forever. At First Bank, we believe you should spend more… High Interest Savings Accounts: Save More – First Bank Jacksonville, NC Thinking about saving for the future? Now is a great time to start. First Bank in Jacksonville, North Carolina has high interest savings account options for everyone, and we offer… Checking Account Offers – High Point NC High Point, North Carolina is home to over 100,000 people and is considered the “Home Furnishings Capital of the World.” In addition to High Point’s rich history of furniture manufacturing,… Small Personal Loans – Jacksonville, NC Finding small personal loans in Jacksonville, NC, can be beneficial when you need a little extra money. Whether it's for a planned or unexpected expense, a personal loan can help you… Personal Loan Rates – Salisbury NC If you are looking for some of the best personal loan rates in Salisbury, NC, come to First Bank for small bank service with big bank options. Salisbury, North Carolina…