Innovative Mortgage Programs Designed For Your Specific Needs
1st Colonial National Bank’s Residential Lending Division offers a variety of home financing programs. Our professional loan officers will work with you to find a mortgage suitable for your specific personal income and financial condition.
Conventional Loan *
You will receive a fixed rate of interest—all of which may be tax-deductible— for the life of the loan…up to 30 years or more. The larger your down payment, the more likely this type of mortgage financing may be the right choice for you. For current rates, click here.
FHA Loans*
Take advantage of the low down payment terms and flexible credit qualifications offered by the Department of Housing and Urban Development through the Federal Housing Administration (FHA). Loans are made to individuals to purchase or refinance their primary residences.
Adjustable Rate Mortgage (ARM) *
Start your new home ownership experience with lower monthly payments that will increase incrementally—along with your income and home equity—over a preset number of years.
Jumbo *
Increase your purchasing power by borrowing higher amounts that exceed the conventional limits of FANNIE MAE and FREDDIE MAC.
Home Equity Loan *
Tap the equity you’ve built in your home with a home equity loan or line of credit. A Home equity loan allows you to borrow a specific amount at a fixed interest rate for a fixed time. With a home equity line of credit you use funds as you need them. Payments vary depending on the outstanding loan balance and current interest rates.
*Must meet program eligibility requirements. Some restrictions apply. Subject to change without notice.