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Mortgage Loans

Mortgage Loans


First National Bank offers a wide range of mortgage options for home or real estate property buyers. We offer adjustable rate mortgages and fixed rate mortgages. To apply for an adjustable rate mortgage, please call your banker. To apply for a fixed rate mortgage click here.

Contact us today for our current competitive interest rates!

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First National Bank offers a wide range of mortgage options which include both fixed and adjustable rate loans.

Our fixed rate* long term residential home loans have the benefit of a fixed interest rate for the entire term of the loan with a maximum term of up to 30 years.

Adjustable rate mortgages are available in 3, 5 or 7 year terms.  The interest rate may change on an annual basis and will be adjusted on the loan's anniversary after the fixed rate period has been reached.

Balloon mortgage loans will not fully amortize over the term of the loan, resulting in a loan balance at maturity.  The final payment is categorized as the final balloon payment. 

It's all about you, and your commitment to living in the country.  First National Bank appreciates the RuraLivingunique qualities of rural American living.  We offer a program that provides long-term financing for properties with larger acreages and outbuildings. Our RuraLiving® Home Mortgage program exemplifies competitive pricing and effective products designed specifically for country home living.

Learn about Rural Living Home Mortgage

Choose from a variety of financial calculators to plan your monthly budget, compare borrowing costs or plan for your future.

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*The servicing on these loan products will be immediately transferred to Northwest Bank in Spencer, Iowa. They may sell the loan to an investor and such servicing may also be transferred to the investor.

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