"First Bank was with us from application to closing"-Mark and Mary Fuette

Mortgage Programs

Please Note: Some programs are not included in all areas. Some restrictions may apply.

Standard Fixed Rate Mortgages

• Fixed rate of interest for the life of the loan
• A variety of loan terms are available

More Information and Application

Balloon Reset Mortgages

• Lower rate of interest for the first seven years
• After the seventh year the loan can be refinanced at the current rate of interest
• Provides borrowers with low monthly payments

More Information and Application

Low Down Payment Mortgages

• Up to 100% financing is available to borrowers with solid credit history
• Good for borrowers who can afford the monthly payments but don't want to put down the extra cash for a large down payment
• No income limits apply

More Information and Application

RD Guarantee 100% Financing

• Allows borrowers in Rural areas to finance the entire purchase price of the house and some closing costs - up to 100% of the appraised value of the home
• Income limits do apply

More Information and Application

Rural Owner Occupied Mortgages (AHFC)

• Discounted interest rate and lower down payment requirements
• Available to borrowers in Petersburg, Wrangell, Prince of Wales Island, and the in the Ketchikan Gateway Borough

More Information and Application

Teachers and Nurses (AHFC)

• Provides 100% conventional financing to full time educational professionals and full time registered nurses

More Information and Application

Construction / Purchase Renovation Loans

• Smooth hassle free process that combines the construction lending and the long term financing processes
• Work with one loan officer from start to finish
• Able to lock in a low rate of interest before the house is completed

More Information and Application

Interest Rate Reduction Programs - Available with AHFC programs

• Borrowers can use multiple Interest Rate Reduction Programs with AHFC loans to reduce interest rates by up to 2%
• Tax Exempt First Time Home Buyer Program
• Taxable First Time Home Buyer Program
• Energy Efficiency Interest Rate Reduction Program (EEIRR)
• Interest Rate Reduction Program for Low Income Borrowers (IRRLIB)
• State Veteran Interest Rate Preference

More Information and Application

Ask about these Additional Loan Programs

• Adjustable rate mortgages
• Jumbo loans
• FHA
• 80/10/10 programs
• Low down payment for investment properties
• Tax Exempt First Time Home Buyer Program
• Taxable First Time Home Buyer Program
• Energy Efficiency Interest Rate Reduction Program (EEIRR)
• Interest Rate Reduction Program for Low Income Borrowers (IRRLIB)
• State Vet Interest Rate Preference

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