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| Loan Links | Qualify for a Home Loan | ||||||||
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First National Bank offers a wide variety of adjustable and fixed rate loans to choose from for everything from your home purchase to your refinance. We can get you pre-approved in one day, and ready to fund on our portfolio loans in just 10 working days. Mortgage Interest Rates Why aren't mortgage interest rate quotes simple and clear? The reason is that the market has developed an interest in a variety of products. The rate is only one of the considerations in choosing a mortgage loan. All of the costs of the transaction should be understood. Then you can make an intelligent, informed choice. Upon applying for your home loan, estimated costs associated with your loan request will be provided to you. Please call one of our Residential Loan Officers for more information. Tips to remember For some home buyers, an important decision is whether a fixed-rate or adjustable-rate mortgage (ARM) is preferable. Fixed-rate mortgages may be preferable to ARMs because your monthly principal and interest payment is fixed for the life of the loan (though your tax and insurance payments may change over time). However, ARMs usually offer a lower initial interest rate, which means lower initial monthly principal and interest payments, and the possibility of qualifying for a larger mortgage amount. If you're confident that your income will increase steadily over years, or if you believe you will only keep the home or loan for a few years, you may have no qualms about an ARM. Again, you will have to consider your own circumstances. Disclosures  |
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| Santa Barbara Bank & Trust,
First National Bank of Central California,
South Valley National Bank,
San Benito Bank,
and First Bank of San Luis Obispo
are divisions of Pacific Capital Bank, N.A., member FDIC.
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