Mortgage Loans
Home Loans with a Local Touch
Buying a home is one of life's biggest milestones, and having the right team by your side makes all the difference. At First Security Bank, we're proud to be a local mortgage lender serving Byron and the surrounding communities, with a deep understanding of the local housing market and the people who call it home.
Whether you're buying your first home, upgrading, or refinancing, we're here to make the process feel clear and manageable. With local decision-making and a personalized approach, you'll always know who you're working with, and that you have a team that truly cares about helping you find the right fit. Start your application online or reach out to our team with any questions, we're ready when you are.
Mortgage Type | Best Suited For | Loan Details |
|---|---|---|
Fixed-Rate Mortgage (FRM) | Long-term homeowners who value stability Those who prefer predictable monthly payments | Consistent interest rate for the entire loan duration Easy budgeting (monthly payments remain the same) No prepayment penalties Good for spreading payments over many years |
VA Loan | Eligible veterans, active-duty military, and surviving spouses | No down payment required Competitive interest rates No private mortgage insurance (PMI) needed Flexible credit requirements |
FHA Home Loan | First-time homebuyers and those with lower credit scores | Low down payment (as low as 3.5%) Easier qualification Fixed or adjustable rates available Government-backed loan |
Construction Loan | Individuals building a new home | Funds for construction phases Interest-only payments during construction Converts to permanent mortgage after construction |
Residential Lot Loan | - Purchasing land to build a home | Financing for land acquisition Flexible terms Interest-only payments during development |
Vacation Home Loan | Buying a second home (e.g., vacation property) | Similar to a primary home loan May require a higher down payment |
Kevin W.
Vice President Real Estate Lending
NMLS: 2006632
Contact Kevin today to learn more about your mortgage options and how we can help with financing, (507) 775-2316.