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First National Bank
at Darlington 
"Your Hometown Independent Bank!"
2006 - Celebrating Over 70 Years as Your Community Bank


 

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Real Estate and Home Loans

At 1st National Bank at Darlington, we understand that the biggest investment you will make in your lifetime is the purchase of a home. Making the right choice when it comes to financing is an important decision that could make your dream of owning a home come true.   Financing your home requires thought and planning. We can help you determine what your mortgage needs are, assist you with pre-qualification, and find the right program for your needs.  In today’s loan market, you have a variety of programs to choose from—fixed-rate, adjustable rate, FHA, VA, special loans for teachers—the list goes on and on. Our loan officers will help you examine your needs and long-term goals and find the program that is right for you. We have mortgages that are geared toward both first-time and experienced homebuyers. Whatever your financing needs are, we will help you choose the right program.  You’ll feel confident that the decision to come to 1st National Bank  was the right one!

We offer the following types of Home Loans:

  • Adjustable Rate Mortgages
    With a typically lower mortgage payment, Adjustable Rate Mortgages (ARMs) are an increasingly popular alternative to the conventional fixed rate mortgage for homeowners trying to get the most home for the lowest payment. The downside of the lower payment is a potential increase in the monthly payment over time, if interest rates rise. Therefore, ARMs are most appropriate for people who anticipate an increase in their income during the life of their loan, or who plan on moving in five to seven years.

  • Fixed Rate Mortgages  
    If you want the stability of a set rate for the life of your loan, then a fixed rate mortgage may be the way to go. Usually the longer the term of the mortgage, the more interest you pay over the life of your loan.  However, a longer term means your monthly mortgage payments will be less than they would be with a comparable shorter-term mortgage.

  • Balloon Mortgages
         A type of mortgage that is like the traditional fixed-rate or variable-rate loan except that it is due after a specified amount of time has elapsed. When the loan matures, the borrower must pay off the loan (balloon payment) or refinance.

  • WHEDA First Time Homebuyer

  • WHEDA Home Improvement

  • Rural Housing Loans

  • Home Equity (second mortgages) allows you to increase your borrowing power by borrowing against the equity you've earned in your home.

  • Construction Loans with lower payments during the construction period.

  • Bridge Loans to assist with financing while waiting for the sale of your property.
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