Lot Loans
Before you start building, you need a place to build. With an FCB Lot Loan you can finance the purchase of land or a lot. Lot Loans function much like our Flex Mortgage option, but there are a few key differences:
- Fixed interest rate
- Flexible amortization schedule
- As low as 20% for down payment
- Underwritten locally for faster decisions
- Automatic payments from your FCB Banks checking account are available
Construction Loans
Once you’ve got your land or lot, it’s time to start building. We handle your disbursements, just bring your bills to your loan officer and our construction department will get the checks ready for disbursement. Plus you’ll enjoy these great benefits:
- Construction to permanent financing available
- Option to lock in your FCB Banks Flex Mortgage rate when you start construction
- No limit on the number of disbursements per month; pay contractors when it’s convenient for you!
- Low closing costs
Consumer Loans
FCB Banks offers loans using the following types of collateral:
- Stocks
- Mutual Funds
- CDs (Immediate turn around for FCB Banks CDs)
- Life Insurance
Credit Builder Loans
The FCB Banks Credit Builder Loan is great for those who have had credit problems before or students who are just starting to build credit. Here’s why:
It has a low, fixed rate and two term options; plus it's tied to an FCB savings account. The loan amount is deposited into the savings account and held as collateral for the duration of the loan. There's no penalty for paying the loan off early and the loan origination fee is waived if your payments are automatically deducted from your FCB checking or savings account.
- Loan Amount - $1,000
- Must qualify for an FCB Savings account
- Loan Amount is deposited into an FCB Savings account and held as collateral
- Low Fixed Rate
- Two Loan Terms Available
- No prepayment penalty
- No loan origination fee if payments are made by auto deduct from an FCB account
Once the loan is paid off, the proceeds will be released and you'll be on your way to a new financial start.