Lending University
Arm Yourself with Knowledge

Buying a home or using the equity in your home for large expenses can be complex. Our experts break down the latest housing trends and tips so you can make the best choices for you and your needs.

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No need to spend years saving up for a down payment

For many people, one big barrier to home ownership is saving for a down payment. But First American Bank offers government-backed Federal Housing Administration (FHA) Loans that feature flexible credit guidelines and down payment requirements of as little as 3.5%. These flexible terms make the mortgage loans ideal for first-time homebuyers in Illinois, Wisconsin, Florida and beyond.
  • Low down payment options
  • Flexible credit guidelines
  • Low interest rate and closing costs
  • 15-year and 30-year repayment options
  • Gift funds can be used for down payment
First American Bank is a full-service bank with locations in Illinois, Wisconsin and Florida.

Subject to credit approval. Standard rates apply. For additional product terms and conditions, please click here.