Mortgage Loans
Mortgage Options to Put Your Dream Home
First Security Bank is a true community lender. We work with local real estate agents, so we understand the local market. Most importantly, we work with you throughout the entire loan process. All decisions related to your loan are made by our lenders in our offices, so we are with you from pre-approval through closing. If you’re ready to work with a local lender to purchase your next home, our lenders are ready to work with you. Get started by completing our online application. If you have any questions, our lenders are ready to get you answers.
Mortgage Type | Best Suited For | Loan Details |
|---|---|---|
Fixed-Rate Mortgage (FRM) | Long-term homeowners who value stability Those who prefer predictable monthly payments | Consistent interest rate for the entire loan duration Easy budgeting (monthly payments remain the same) No prepayment penalties Good for spreading payments over many years |
VA Loan | Eligible veterans, active-duty military, and surviving spouses | No down payment required Competitive interest rates No private mortgage insurance (PMI) needed Flexible credit requirements |
FHA Home Loan | First-time homebuyers and those with lower credit scores | Low down payment (as low as 3.5%) Easier qualification Fixed or adjustable rates available Government-backed loan |
Construction Loan | Individuals building a new home | Funds for construction phases Interest-only payments during construction Converts to permanent mortgage after construction |
Residential Lot Loan | - Purchasing land to build a home | Financing for land acquisition Flexible terms Interest-only payments during development |
Vacation Home Loan | Buying a second home (e.g., vacation property) | Similar to a primary home loan May require a higher down payment |