Mortgages
First National Bank Bemidji is a locally owned
and managed bank. We have been building relationships in our community for over 100 years.
Let us help you into your
dream home.
It's reassuring to have FNB Bemidji on your side when you have
made that decision to buy or build your home. You can count on our
team of experienced home mortgage specialists to help answer your
questions in person or on the telephone. Our loans come with
local service so you never have to dial an 800 number or enter
your loan number on your touch tone telephone. We offer
competitive rates; no prepayment penalties and we can keep your loan
at home until the day you pay it off.
We're here for you. As always, please call 218-333-4330 with
your mortgage questions.
Meet our
Mortgage Specialists:
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Dale
Turner
Retail Loan Manager
218-333-4365
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Tracy
Appel
Retail
Loan Officer
218-333-4332
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Joanne
Daniels
Retail
Loan Officer
218-333-4343
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Dianna
Evans
Retail
Loan Officer
218-333-4336
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Leisha
Gregg
Retail
Loan Officer
218-333-4331
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Joan Nelson
Retail
Loan Officer
218-333-4325
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Sandy
White
Retail
Loan Officer
218-333-4327
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The Application
If you are planning to apply for a mortgage, call us at
218-333-4330
to make an
appointment with one of our loan specialists. We can mail you an application
or you can start your mortgage application from this site. You can
complete our online loan application to
start your mortgage application. This will help you get started with your real
estate loan.
In order to expedite the approval
process, you should gather the following items for your first meeting with
your lender:
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Original, signed purchase agreement
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Original W-2's for the past two years
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Your pay stub for a pay period within the last 30
days, showing your name and current year-to-date earnings
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A completed application
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Statements from any banks, investment firms or financial institutions
where you have funds or other assets
If you are self-employed:
If requesting a Construction Loan:
The Approval
At this point, your application and all other relevant documents will be
reviewed with your loan officer. Some of the things we look for
when analyzing your information include:
Income Evaluation - FNB Bemidji uses guidelines to evaluate your
debt-to-income ratio. Generally, your total housing payment should
not exceed 28% of your gross monthly income, and your total monthly debt should not exceed 36%.
Credit Verification - FNB Bemidji will review credit reports and
direct verifications to determine the type and terms of present and previous
credit. Any lapse or delays in payments will be considered.
Asset Evaluation - FNB Bemidji will verify your available funds
to determine if you have the funds necessary for the down payment and
applicable closing costs. Cash reserves after down payment and
closing cost will also be considered.
Property Appraisal - FNB Bemidji will have the property
appraised to evaluate resale value, physical condition, location and
zoning, among other considerations.
Other Documentation - In some cases, additional documentation
may be required before a final determination regarding approval can be made.
Approval - Although FNB Bemidji conforms to standards set
by government agencies, loan approval guidelines vary depending on the
terms of each loan. Approval is generally based on two major
factors; your ability and willingness to repay the loan and the value of
the property.
The Choices
FNB Bemidji offers a variety of fixed and adjustable rate
mortgages at competitive prices and a variety of
mortgage loan options tailored to each customer's individual needs, which
include:
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Conventional, MHFA, RD, FHA
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V.A. Mortgage Loan Programs
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Adjustable Rate Mortgage Loans
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Construction Loans/Permanent Financing
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Home Improvement Loans
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Home Equity Loans
FNB Bemidji will work with you when you are purchasing or selling your home.
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