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Whether you’re buying your first home, looking for your next home, or preparing to build a new home, First Option Bank has the right financing options for you and the expert guidance to help you through the process. Our experienced lenders can design the program that best fits your needs and will provide you the personalized customer service you deserve!
- Conventional 10, 15, 20, 25 and 30 Year Fixed Rates
- Fannie Mae My Community and Freddie Mac Home Possible
- One Year Adjustable Rate Mortgage (ARM) and 3/1 and 5/1 ARM
- 0% to 3% to 5% minimum down payment
- FHA Fixed Rates and One Year ARM and 3/1 ARM
- Approximately 3% minimum down payment
- VA Fixed Rates and 3/1 ARMs for Veterans
- Zero minimum down payment
- Special Program for First Time Homebuyers
- Sedgewick/Shawnee Bond Program - Available statewide
- 3% Net Cash Assistance - Can be combined with a Conventional, FHA, VA, or Rural Development Loans
- Jumbo Fixed Rates and ARMs
- Loan amounts to $2 million
- Investment Property Loans - 1 to 4 Unit Properties Only
- 10% minimum down payment - customer pays closing costs
- USDA Rural Development Loans
- Zero down payment - customer pays closing costs
- Closed End Second Mortgage to 100% CLTV
- Fixed rate purchase or cash out second mortgage - 5 to 30 year Fixed Rates
- Reverse Mortgages - The FHA Home Equity Conversion Mortage (HECM)
- For senior age 62 and above. Use the equity in your home to receive a lump sum or monthly income payments - no repayment required while you live in the home.
- Construction Loans
- Pay Interest only on outstanding balance.
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