Mortgages
There's more than one way to finance a home
Know the differences so you can choose what's best for you.
Read MoreChoose a loan that fits your budget and lifestyle
The traditional fixed-rate mortgage is still a good bet for many families. But consumers now have a lot more options. First American Bank offers loans with shorter terms, lower initial interest rates, and specific benefits for first-time homebuyers and military service members and veterans.For a limited time, we’ll pay $500 toward your closing costs when you sign up for automatic loan payments and eStatements1. This offer expires March 31, 2020, so don't wait to apply.
Mortgage Options
- Predictable payments make monthly budgeting a breeze
- Low closing costs
- Lower initial interest rates keep a lid on monthly payments
- Low closing costs
- Borrow beyond the conventional limit of $510,400
- 15- and 30-year options available*
- Low down payment options
- Flexible credit guidelines
- Little to no down payment required
- No bank origination fees
Subject to credit approval. Standard rates apply. 1Special Offer: $500 off your closing costs valid on applications received between 2/21/20-3/31/20. Loan must close by 6/30/20. Only available on 1-4 family home. Limited to residents of Illinois; Kenosha, Racine, Milwaukee & Walworth counties in Wisconsin; Lake & Porter counties in Indiana; and Miami-Dade, Broward, Collier, Monroe, & Palm Beach counties in Florida. Prior to closing you must set up an Automatic Funds Transfer (AFT) or Automatic Clearing House (ACH) to make the monthly payment on your loan, and within the first statement cycle you must elect electronic statements (requirement does not apply to FHA, USDA and loans sold on the secondary market). Closing costs include only those fees and charges required by First American Bank as a condition of obtaining a loan. Title fees, as part of the closing costs, will vary by county. May not be combined with other promotions. Please see a banker for details.
*For additional product terms and conditions, please click here.
