Explore programs that help you get a little closer to homeownership.
We understand the importance of accessible and affordable housing in our local communities. That’s why we are pleased to offer these Home Affordability Programs to help get you closer to home.
Benefits You'll Love
- Choose from two great programs
- Downpayment assistance
- Credit at closing
- Reduced interest rates
FNBC’s mortgage program for borrowers with household incomes of less than $93,920 offers:
- $2,000 Credit at Closing
- Reduced Interest Rate: Contact us for interest rate information.
- FNBC Best-Rate Option: If interest rates change after your mortgage rate is locked, we will give you one free interest rate adjustment before your loan closes to make sure you get the best rate!
- Easy, Convenient, and Online: Apply online or come into the branch and apply in person
- Free Pre-qualification or Free Pre-approval for New Home Buyers
*Applicable to primary residence mortgage loans only. Financing may be used for the purchase of a new home or to refinance an existing home mortgage loan. Borrowers must meet standard credit underwriting guidelines to qualify for the Home Advantage Mortgage Program. Funds available under the Home Advantage Mortgage Program are limited. Borrowers are encouraged to apply soon, as the program may be terminated at any time. This is NOT a mortgage loan approval or commitment to lend.
FNBC Participates in Downpayment Plus® — a program that provides down payment and closing cost assistance for income-eligible homebuyers.*
If you want to buy a home and have a steady income and good credit, FNBC Bank & Trust and the Federal Home Loan Bank of Chicago can help.
Through the Downpayment Plus® Program,* up to $10,000 may be available to eligible homebuyers to use toward down payment and closing costs. Homebuyers must meet income eligibility requirements and:
- Contribute at least $1,000 to the purchase of the home.
- Complete pre-purchase homebuyer education and counseling.
- Live in the home as your primary residence.
- FNBC Bank & Trust is committed to helping our neighbors lower their borrowing costs.
To see if you qualify for the Downpayment Plus Program, contact our mortgage specialists:
LaGrange Branch
Tamara Powers
[email protected]
West Chicago Branch
Candace Racz
[email protected]
*Downpayment Plus is a program from the Federal Home Loan Bank of Chicago. Restrictions apply. Please see the Federal Home Loan Bank of Chicago’s website at www.fhlbc.com for complete requirements. “Downpayment Plus” is a registered trademark of the Federal Home Loan Bank of Chicago.
Use this calculator to determine your projected earnings from our Kasasa Cash account. Move the sliders or type in the numbers to see your potential rewards.
- Estimated Annual Rewards $0
- Estimated monthly interest earned* $0
- Monthly ATM fees refunded**$0
This calculator compares the costs of buying or leasing a vehicle. There are three sections to complete, and you can adjust and experiment with different scenarios.
- Net cost of buying $0
- Net cost of leasing $0
A fixed-rate, fixed-term CD can earn higher returns than a standard savings account. Use this calculator to get an estimate of your earnings. Move the sliders or type in numbers to get started.
- Total value at maturity $0
- Total interest earned $0
- Annual Percentage Yield (APY)0.000%
Whether it's a down payment, college, a dream vacation...a savings plan can help you reach your goal. Use the sliders to experiment based on length of time and amount per month.
- Monthly deposit needed to reach goal $0
This calculator can help you get a general idea of monthly payments to expect for a simple loan. Move the sliders or type in numbers to get started.
- Estimated monthly payment $0
- Total paid $0
- Total interest paid $0
Fixed Rate Mortgage Loans
| Product (Loan amounts up to $832,750) |
Rate | APR3 | Sample Monthly Payment2 (Examples below assume a loan amount of $100,000. Excluding taxes and insurance. Examples for illustrative purposes only) |
||
|---|---|---|---|---|---|
| 30 Year Fixed Rate Mortgage | 6.125% | 6.473% | $607.61 | ||
| 20 Year Fixed Rate Mortgage | 5.875% | 6.331% |
$709.24 |
||
| 15 Year Fixed Rate Mortgage | 5.500% | 6.065% |
$817.08 |
||
| Estimated Payment Amount* | Rate | Months | |||
| 7/1 Adjustable Rate Mortgage | 5.750% | 6.213% | $583.57 | 5.750% | 84 |
| $599.55 | 6.000% | 276 | |||
| 5/1 Adjustable Rate Mortgage | 5.625% | 6.192% | $575.66 | 5.625% | 60 |
| $599.55 | 6.000% | 300 | |||
| 15 Year Balloon | 5.500% | 5.942% | $641.62 | Balloon Payment $49,551.24 | |
Jumbo Loans
| Product
(Loan amounts over $832,750) |
Rate | APR7 | Sample Monthly Payment2 (Examples below assume a loan amount of $850,000. Excluding taxes and insurance. Examples for illustrative purposes only) |
||
|---|---|---|---|---|---|
| 30 Year Fixed Rate Mortgage Jumbo | 6.250% | 6.320% | $5,233.60 | ||
| 15 Year Fixed Rate Mortgage Jumbo | 6.250% | 6.366% | $7,288.09 | ||
| Estimated Payment Amount* | Rate | Months | |||
| 7/1 Adjustable Rate Mortgage Jumbo | 5.500% | 5.812% | $4,826.21 | 5.500% | 84 |
| $5,096.18 | 6.000% | 276 | |||
| 5/1 Adjustable Rate Mortgage Jumbo | 5.625% | 5.920% | $4,893.08 | 5.625% | 60 |
| $5,096.18 | 6.000% | 300 | |||
| 15 Year Balloon Jumbo | 6.250% | 6.342% | $5,871.12 | Balloon Payment $426,851.00 | |
| 30 Year Fixed Rate Mortgage Jumbo | |
|---|---|
| Rate | 2.625% |
| APR7 | 2.644% |
| Sample Monthly Payment2 (Examples below assume a loan amount of $800,000. Excluding taxes and insurance. Examples for illustrative purposes only) |
$2,811.55 |
| 15 Year Fixed Rate Mortgage Jumbo | |
| Rate | 2.625% |
| APR7 | 2.661% |
| Sample Monthly Payment2 (Examples below assume a loan amount of $700,000. Excluding taxes and insurance. Examples for illustrative purposes only) |
$4,708.83 |
| 7/1 Adjustable Rate Mortgage Jumbo | |
| Rate | 2.625% |
| APR7 | 2.644% |
| Sample Monthly Payment2 (Examples below assume a loan amount of $700,000. Excluding taxes and insurance. Examples for illustrative purposes only) |
$2,811.55 |
| 2.625% | |
| undefined | 84 |
| $2,824.43 | |
| Rate | 2.700% |
| APR7 | 276 |
*Disclaimer: Monthly payments shown are principal and interest only and do not include PMI, taxes, insurance, or other applicable escrows. Actual payment obligation may be greater. Adjustable-rate mortgages have interest rates which are subject to increase after consummation. Estimated future payments shown are based on current index plus margin (1yr. CMT plus 2.25%) rounded to the nearest. 0.125%. Actual payments will reflect the then applicable index/margin at each re-pricing interval, which may be higher than the estimates shown above.
FEE SCHEDULE
Note: This fee schedule does not include third party closing costs such as hazard insurance and recording fees. Charges are based on a purchase transaction.
|
Item |
Fee |
|
Title Charges |
$2,273.00-$2,923.00** |
|
Origination Fee |
$650.00 |
|
Appraisal Fee |
$575.00-$1,000.00** |
|
Tax Service Fee (non-escrowing) |
$61.00 |
|
Flood Certification Fee |
$13.50 |
|
Credit Report Fee |
$200.00 |
|
Employment Verification Fee |
$350.00 |
**Depending on property type.
Learn More
For more information about mortgage loans from FNBC Bank & Trust, please contact:
Tamara Powers NMLS ID: 1515324 or Candace Racz NMLS ID: 525850
Call 708-482-7700 or email [email protected]*
FNBC Bank & Trust NLMS ID: 512329
*The Bank strongly recommends that customers do not send their Social Security numbers, bank account information or other confidential information by email.
Important Disclosures, Assumptions & APR Information
GENERAL DISCLOSURES
1. Information displayed is accurate as of the date of the effective date and is subject to change without notice. Other restrictions may apply.
2. The monthly payment amount displayed includes principal, interest and does not include mortgage insurance. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. The payment amount does not include homeowner's insurance or property taxes which must be paid in addition to your loan payment.
3. The displayed Annual Percentage Rate (APR) for the loan products shown reflects the interest rate and applicable closing costs. APR calculations based on a $100,000 loan amount for conventional mortgages inclusive of $2,273.00 title charges, $650.00 origination fee, $61.00 tax service fee, $13.50 flood determination fee, $350 verification of employment fee, and 15 days prepaid interest. The above rates are based on a servicing retained option that meets all satisfactory underwriting. Pricing, closing costs, and corresponding APRs may vary.
4. Mortgage interest rates shown are based on a 45-day rate lock period. Under certain circumstances, a 45-day rate lock may not be available. Contact one of our Loan Officers for more details.
5. These mortgage rates are based on a variety of underwriting guidelines and qualification assumptions. Your loan interest rate will depend upon the specific characteristics of your loan transaction and your credit history up to the time of closing.
6. THE ESTIMATED TOTAL CLOSING COSTS ABOVE DO NOT CONSTITUTE AND ARE NOT A SUBSTITUTE FOR A LOAN ESTIMATE, WHICH INCLUDES AN ESTIMATE OF CLOSING COSTS THAT YOU WILL RECEIVE ONCE YOU APPLY FOR A LOAN. This is NOT a mortgage loan approval or commitment to lend. The actual fees, costs and monthly payment on your specific loan transaction may vary, and may include city, county or other additional fees and costs.
7. The displayed Annual Percentage Rate (APR) for the loan products shown reflects the interest rate and applicable closing costs. APR calculations based on a $850,000 loan amount for Jumbo mortgages inclusive of $2,923.00 title charges, $650.00 origination fee, $61.00 tax service fee, $13.50 flood determination fee, $350 verification of employment fee, and 15 days prepaid interest. The above rates are based on a servicing retained option that meets all satisfactory underwriting. Pricing, closing costs, and corresponding APRs may vary.
8. The 15-year Balloon Mortgage product will result in a remaining principal balance equal to approximately 50% of the original loan amount at the end of the 15-year term. All Balloon Mortgage products must be paid in full or refinanced at maturity. Refinancing requires new credit approval and not guaranteed.