Loans

 

Residential Mortgage

 

At FAIB our flexibility will turn your dream of homeownership into reality. FAIB offers Flexibility plus Low Rates, Low Fees and Personable Service. In addition, FAIB’s dedicated Family Mortgage Specialists (FMS) will answer your questions on your home purchase and refinancing including free estimates of monthly payments under different terms and rates and also closing costs. Our FMS will gladly help you in completing your loan application and document processing until your successful closing. Post-closing, our mortgage servicing staff will provide counseling and assistance to you to properly maintain your home mortgage account at the Bank.

 

Two Home Mortgage Programs are currently offered:

 

Fannie Mae Affordable Mortgage

  • Purchase or refinance your primary residence or investment property.
  • 1-4 family house, condominium and co-operative apartment.
  • Both conforming and jumbo loan amount up to Fannie Mae High Balance loan limit.
  • Fixed-rate mortgage terms available:  10-, 15-, 20-, and 30-year.

 

FAIB Flexible Mortgage with Verification of Employment (VOE)

  • Accept employer verification of income.
  • Primary residence or investment property.
  • 1-4 family house and condominium.
  • Fixed-rate and Adjustable-Rate Mortgage (ARM) available.

 

v  Please visit any FAIB branch or call to speak to a Family Mortgage Specialist for current offerings and availability. Get a pre-purchase consultation and analysis to customize a program to meet your financial goals. 

 

 

 

back to top >


 

FAIB also offers the following loan types:

 

Home Equity Line of Credit (HELOC) / Home Equity Loan (HEL)

 

Personal Loan

 

 v  Please visit any FAIB branch or call to speak to a Loan Officer for current offerings and availability.

 

 

 

 

 

back to top >