Mortgage Options
To provide the best possible customer experience, FCB Banks specializes in low cost mortgages that are locally underwritten to get you a credit decision faster.
Contact us today to start your pre-approval process
FCB Flex Mortgage Loan
FCB Flex Mortgage Loans give you a competitive interest rate with the flexibility of a shorter term. FCB Flex Mortgage benefits include:
- Fixed interest rate
- Flexible amortization schedule
- As low as 10% down payment with no Private Mortgage Insurance
- Low closing costs
- Automatic payments are available from an FCB checking account
- Option of biweekly payments from an FCB checking account
Conventional Mortgage Loan
Conventional Mortgage Loans allow you to have the same interest rate for the life of the loan. Benefits include:
- Fixed Interest rate
- As low as 3% down payment
- Private Mortgage Insurance is required with less than a 20% down payment
FHA Mortgage Loan
The FHA Mortgage Loan program is for all borrowers and a great option for First Time Home Buyers. FHA Mortgages are government backed loans. This program allows you the option to make a lower down payment as well as flexible underwriting standards if you have a limited credit history. Benefits include:
- Low down payment
- Low closing costs
- Variety of terms
- Mortgage Insurance is required
VA Mortgage Loan
The VA Mortgage Loan program is available to U.S. Military Service Members, their families and U.S. Veterans. VA Mortgages are government backed and have great benefits for those who have served our country. Benefits include:
- Fixed Interest rate
- Low or no down payment
- Variety of terms
- Private Mortgage Insurance is not required
FCB Banks partners with the following organizations
to offer their loan products. Please contact an FCB Loan Officer for details.
- USDA (United States Department of Agriculture)
- IHDA (Illinois Housing Development Authority)
Bridge Loan
If you are interested in inquiring about FCB’s Bridge Loan, please contact an FCB Loan Officer to discuss further details of this loan product.
Prefer building to buying? Find out more about our Construction and Lot Loans.
Refinancing
There are a lot of reasons to refinance your current mortgage. With refinancing your current mortgage, you may be able:
- Reduce your monthly mortgage payment
- Get cash out for that project you’ve been planning or for debt consolidation
- Pay off your mortgage faster
Explore your mortgage refinance options with one of our Loan Officers today.
Important information about procedures for opening a new account or a loan
The USA Patriot Act requires financial institutions to help prevent the funding of terrorism, money laundering activities, and identity theft. Federal law requires FCB Banks and all financial institutions to obtain, verify, and record information that identifies each person who opens an account.
What this means for you: When you open an account or a loan, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identification documents. Your cooperation with this process is greatly appreciated. By providing the requested forms of identification and answering these questions, you allow us to better protect you from identity theft while also meeting the requirements of the USA Patriot Act.