What Type of Mortgage Is Right for You?

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.  Learn more about our Mortgage options below and then contact your FCB Loan Officer to get more details to start the preapproval 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!