Veteran’s Day – Proudly Serving Those Who Served
Today we extend our heartfelt gratitude to the brave men and women who’ve served and continue to serve our nation. The responsibility shouldered by these individuals is more profound than most of us can fathom. Even in peacetime, they’re separated from their families, embark on isolated tours, and labor tirelessly, often without additional compensation. To demonstrate our appreciation, First Bank assists veterans and their families in achieving the dream of home ownership through VA home loans.
The Department of Veterans Affairs (VA) offers a range of housing-related programs, among which VA home loans stand out. VA home loans provide a home loan guaranty benefit to veterans, active-duty service members, and eligible surviving spouses. These loans empower our servicemen and women to purchase, build, repair, maintain, or adapt a home for personal occupancy.
Our Continued Commitment to Veterans:
We’re proud to introduce a new program designed to give back to those who’ve given so much to us. With this program, each eligible household may receive up to $15,000 toward a qualifying property located anywhere in the United States.
VA Loan Benefits:
Our VA home loans offer a host of benefits to veterans:
- No Down Payment: VA loans require no down payment, making homeownership more accessible to veterans.
- No Monthly Mortgage Insurance Premium: Unlike traditional loans, VA loans don’t burden borrowers with monthly mortgage insurance premiums, subsequently keeping housing costs manageable.
- Low to No Reserve Requirements: VA loans often come with lower reserve requirements, easing the financial burden on our veterans.
- Fixed and Adjustable-Rate Loan Options: Borrowers can choose between fixed and adjustable-rate loans, allowing them to select the terms that best suit their needs.
- No Lender Fees: First Bank proudly offers VA loans with no lender fees, reducing the financial strain of the home-buying process.
Rising home prices and interest rates are hindering many Americans from realizing their homeownership dreams. Moreover, inflation is straining family finances. First Bank is dedicated to helping our deserving veterans and their families overcome these challenges. We deeply appreciate their sacrifices and are committed to making their dream of homeownership a reality.
While we celebrate our heroes on Veterans Day, our commitment to veterans is not limited to this special day. We believe in celebrating and supporting veterans every day of the year. Click here to learn more about our VA loan offerings and our new program that provides up to $15,000 for eligible households. Join us in our mission to honor and empower those who have served our nation.
What is Escrow? A Simple Guide for First-Time Homebuyers
Buying your first home is exciting, but let’s be honest—it comes with a lot of new terms that can make your head spin. One word you’ve probably heard (and might not fully understand) is escrow. […]
Five Ways to Lower Your Homeowners Insurance
Buying a home is one of the most exciting moments in anyone’s life, but the associated costs can quickly add up. One often-overlooked expense is homeowners’ insurance, which, while essential, can significantly impact your monthly […]
Honoring Our Heroes: First Bank’s Mortgage Programs for Veterans
This Memorial Day, we at First Bank extend our deepest gratitude to the brave men and women who have served our nation. Your dedication, courage, and sacrifices ensure our freedoms and safety, and we are […]
