First National Bank

Jumbo Loans (Purchase and Refinance):
700 Minimum credit score needed, 720+ for best structure and pricing
95% up to $850,000
90% up to $1.5 million
80% up to $2 million
70% up to $3 million
$3 million+ is case-by-case
PMI required for LTV's over 80%

Construction-to-Permanent Financing (Primary Residence and credit score dependent):
Available only in DE, MD, NC, OH, PA, SC, TN, VA, WV, DC
95% Financing up to $850,000
90% Financing up to $1.5 million
80% Financing up to $2 million
PMI required for any LTV's over 80%

Construction-to-Permanent Financing (Second/Vacation Home and credit score dependent):
Available only in DE, MD, NC, OH, PA, SC, TN, VA, WV, DC
80% Financing up to $1 million
75% Financing up to $2 million

Lot/Land Loan Financing:
Available only in DE, MD, NC, OH, PA, SC, TN, VA, WV, DC
75% Financing – No Maximum Loan amount
3-year Balloon payment
Primary or Second Home intent Only

Construction Loan notes:
43% Max debt-to-Income ratio
Reserve requirements needed depending on current housing situation
12-24 month construction period available
Interest Only payments during construction
No pre-payment penalty
No Spec or Self-Builds
No Pre-Starts (Grading is acceptable)
No Mobile or Modular Homes
No Barndominiums
No Commercially or Agriculturally Zoned properties
General closing timeframe: 35+/- days

Physician Home Loan, Conventional, FHA, VA, and First-time Buyer Financing also available (Purchase and Refinance)!

Minimum credit score and full financial review needed.

To start your FREE pre-approval process, contact the loan officer above for your state.