Homebuyer Tips

Veteran’s Day – Proudly Serving Those Who Served

On this Veterans Day, we extend our heartfelt gratitude to the brave men and women who have honorably served and continue to serve our nation. The responsibility that accompanies the gift of freedom is shouldered by these individuals more profoundly than most of us can truly fathom. Even during periods of peace, our dedicated soldiers often endure extended separations from their families, embark on isolated tours of duty, and labor tirelessly, often without additional compensation.

Expressing our thanks hardly seems sufficient, which is why First Bank collaborates with the government to assist veterans and their families in achieving the dream of affordable home ownership.

The Department of Veterans Affairs (VA) offers a range of housing-related programs, among which VA loans stand out. These loans provide a home loan guaranty benefit to veterans, active-duty service members, and eligible surviving spouses. These programs empower them to purchase, build, repair, maintain, or adapt a home for personal occupancy.

 

Our Commitment to Veterans:

In our ongoing commitment to veterans, First Bank is proud to introduce our new program designed to give back to those who have given so much of their lives to protect and serve. 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 loans offer a host of benefits to our deserving heroes:

  • 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, helping keep 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: We are committed to supporting our veterans, which is why we proudly offer VA loans with no lender fees, reducing the financial strain of the home-buying process.

 

In these challenging times, when rising home prices and interest rates can hinder many Americans from realizing their homeownership dreams, First Bank is proud to offer Veterans Loans. We deeply appreciate the efforts and sacrifices made by those who have dedicated themselves to serving our country, and we hope to play a role in making the dream of home ownership a reality for our deserving veterans and their families.

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. To learn more about our VA loan offerings and our new program that provides up to $15,000 for eligible households, visit our website. Join us in our mission to honor and empower those who have served our nation


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