Key Benefits of In-House Mortgages
- Low Payments: Ability to have a 30-year amortization letting you stretch your payments
- Competitive rates: We give you the opportunity to finance a bigger loan to purchase a higher-value property with lower rates
- Flexibility: Work with FFB to maximize payment terms based on your needs
- Convenience: Keep your loan at First Fidelity Bank. Your loan will not be sold on the secondary market
In-House Mortgage Options
Our 10 or 15-year in-house mortgages are fully amortizing, fixed-rate, conventional, conforming mortgage loans, retained and serviced right here at First Fidelity Bank.
In-House Mortgage Information:
- 10-year, 15-year or 7/30 loan
- Minimum loan amount is $50,000.00 to a Maximum loan amount of $766,550.00
- Maximum LTV 80%
Jumbo Mortgage Options
A Jumbo Mortgage is one that exceeds the government limit for your area. Jumbo loans are non-conforming mortgage loans and are used to finance mortgage loan amounts above the limits established by the government.
Jumbo In-House Product Information:
- Up to 15-year or 7/30 loan
- Minimum loan amount is $766,550.01 to a Maximum loan amount of $2,000,000.00
- Maximum LTV 65%
Additional information (applies to both non-Jumbo and Jumbo mortgages):
- First Mortgage (or) First Deed Of Trust position only
- The financed property must be owner occupied. If the property is a second home, it must not be rented.
- Minimum credit score 680
- Consumer pays all closing costs.
- "7/30" Product is a 7-year fixed rate balloon payment with a 30-year payment Amortization.
- In-House loans do not escrow property taxes or property insurance.
Other rules and restrictions may apply. Consult your First Fidelity Banker for more information.
Disclosure for In-House Mortgage:
The APR offered is based on the credit characteristics, term and rate. Current appraisal, property insurance required including flood insurance where applicable. A one-time loan origination fee of $799 applies. Loan amount may not exceed 80% of your home’s value and there is no down payment required. Customers pay all fees and costs. Loan amount must be $50,000 or greater. Monthly payment amounts vary by loan term and rate. For example, the minimum payment is $2,446.06 for a 180- month loan at 6.5% APR with a $280,799 original balance which includes the origination fee. FFB does not escrow property insurance and taxes. All rates and terms are subject to credit approval and could change without notice.
Disclosure for Jumbo Mortgage:
The APR offered is based on the credit characteristics, term and Loan-To-Value (LTV). Current appraisal, property insurance required including flood insurance where applicable. A one-time loan origination fee of 1% applies. Loan amount may not exceed 80% of your home’s value and there is no down payment required. Customers pay all fees and costs. Loan amount must be greater than the limits established by the government. Monthly payment amounts vary by loan term and rate.For example, the minimum payment is $5,882.65 for a 180- month loan at 7% APR with a $654,480 original balance including the origination fee. FFB does not escrow property insurance and taxes. All rates and terms are subject to credit approval and could change without notice.