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Home Mortgages

For purchases or refinances, work with the team that knows your neighborhood.

We'll help you achieve your homeownership dreams.

 

FBT Mortgage is a wholly-owned subsidiary of First Bank and Trust. With FBT Mortgage's competitive mortgage rates and options, you can find the home loan that fits your individual budget and lifestyle, whether you're buying or building a home. We provide financing for first-time homebuyers, second homes, vacation homes, condos, or re-financing for your existing home. Our mortgage lenders are experts in the Louisiana, Mississippi and Florida housing markets and can help you find the best solution for your loan needs.

 

Conventional Mortgages

Whether you need a fixed-rate, 30-year mortgage or an adjustable-rate option, we provide options for purchases and refinances.

  • Terms available up to 30 years
  • Choose a fixed or variable rate
  • 20% down payment eliminates monthly mortgage insurance
  • Finance up to 97% with mortgage insurance
  • Allows for higher loan amounts
  • Down-payment assistance available

 

Federal Housing Administration (FHA) Loans

Low down-payment and flexible guidelines make home loans backed by the U.S. Federal Housing Administration a smart option for eligible buyers and those who wish to refinance existing FHA loans.

  • Down payments as low as 3.5%
  • Funds can be a gift
  • Seller contributions up to 6% of sales price
  • Credit scores as low as 580 (conditions will apply)
  • Streamlined refinance does not require an appraisal
  • FHA-to-FHA refinance up to 97% financed
  • Down-payment assistance available

 

VA Home Loans

Available to veterans, active duty and their families, these mortgages are backed by the U.S. Department of Veterans Affairs.

  • No down-payment required
  • No mortgage insurance
  • Easy qualification criteria
  • Interest rate reduction loan with no cash out and limited amount of paperwork required
  • Verify your eligibility

 

United States Department of Agriculture (USDA) Loans

The USDA loan program provides assistance to home buyers in select rural areas of Louisiana, Mississippi and Florida.

 

One-Time-Close Loans (OTC)

Our One-Time-Close loan provides streamlined, less expensive financing from construction to permanent mortgage.

  • One application
  • One qualifying and approval process
  • One closing and one-time closing costs
  • Potential to lock in a competitive interest rate right from the start
  • Interest-only payments during construction phase
  • Mortgage loan kicks in after construction and final inspection is complete