Personal Lending

The Right Loan. At the Right Price. Right Here!
Whether you're buying or refinancing a home, we now have a complete selection of affordable home loans to meet your needs. Our conventional and jumbo, fixed and adjustable-rate mortgages have the most competitive rates in town, so you're sure to find the loan that's right for you.

Plus, we offer special programs to help even first-time buyers qualify, rate protection plans for buyers and sellers, quick approval, and other great services to save you time and money.

For the home financing options you're looking for, stop by or call our loan department today!

Contact Marvin Dement or Michelle Woods in the Perry bank at 580-336-5562, Leland Harris in the Covington bank at 580-864-7421 or Kay Ranney in the Billings bank at 580-725-3222.

Fixed Rate Mortgages
First Bank & Trust Company offers long-term fixed interest rate home loans, which gives you peace of mind knowing your principal and interest payments will never go up! These may be for a term of up to 30 years, and the interest rate never changes during that period. The interest rates are currently very low and can be improved further for borrowers who have established an outstanding credit history. Additionally, the rate may be lower for customers who have a large amount of equity in their home.

Adjustable Rate Mortgages
Do you want to buy or refinance a home with low closing costs, and you think rates will go down in the next few years? You might want to consider an Adjustable Rate Mortgage. First Bank extends this type of loan to families and individuals to purchase or refinance their homes. These are generally for an amount up to 90% of the value of the home, and are repayable over periods of up to 20 years. The interest rate is adjusted once per year, based on nationally published U.S. Treasury rates. The loan is owned and serviced by First Bank and is never sold to other lenders. By retaining this loan, First Bank is able to keep the closing costs lower than most other types of real estate loans and can help with financing that may not qualify for long-term fixed rate products.

Fixed Rate Balloon Mortgages
This type of loan is great when rates are rising or you are planning on a housing change in the next few years. You will not only have a fixed interest rate, but a monthly payment equal to a 20 year amortization, with a balloon payment due at the end of five years. These loans are never sold to other lenders, which results in very affordable closing costs. First Bank lends up to 90% of the value of the home.

Home Equity Lines of Credit
You've worked hard making the monthly payments on your home over the years. Why not let it work for you now? First Bank & Trust Company originates lines of credit for borrowers who have sufficient equity in their home. These loans can be used to remodel a home, pay off credit cards, purchase consumer products, or for a variety of other needs.

Construction Loans
You will have plenty of decisions to make when you build your home. Why not make it easier on yourself by allowing First Bank to open your construction line of credit. We can pre-qualify a borrower for a permanent home loan, and then finance the construction. Although the interest rate on the permanent loan cannot be set until construction is nearly complete, the interest rate on the construction loan is fixed, and advances are as simple as writing a check on your construction checking account.