Indiana first bank, About InFirst Bank and Mortgage Loan Available

– Indiana First Bank –

Are you in need of new business banking solutions? Or you need a bank with a good interest rate for banking with them. Then you should try out Indiana First Bank. This bank offers you so many perks, both for you and your business.

In this article, I will show you all you need to know about Indiana First Bank. Carefully read through.

About Indiana First Bank (InFirst Bank)

InFirst Bank has served the financial needs of local communities as an independent bank for nearly 100 years. We have proudly remained headquartered in downtown Indiana since we opened in 1922.

Originally chartered as a mutual institution, InFirst Bank was initially known as Indiana County Building & Loan Association.

In 1943 a transformation to a federally charted savings & loan began & we became known as First Federal Savings & Association of Indiana.

Beginning in 1994, it approved a conversion to become a state-chartered mutual savings bank. This is when the former name of Indiana First Savings Bank originated.

More Details

Over time, we continued to grow, opening new branches in Indiana, Punxsutawney, Blairsville, Johnstown, Troutvillem, Harrison City, & Greensburg. 

We launched a Commercial Lending program over 20 years ago that is grown into a full-service lending department.

In 2002, InFirst Financial Advisors, LLC, a wholly-owned subsidiary of the bank, was formed to provide investment, asset management, brokerage, trust & insurance services.

In 2018 we changed our name to InFirst Bank. They chose the new name to reflect our mission as we grow into new markets. 

Our purpose remains the same – to continue to build stronger communities by delivering exceptional banking service with local decision making & providing essential financial tools & resources to individuals & small businesses.

Contact

InFirst Bank
935 Philadelphia Street
Indiana, PA 15701
(724) 349-2810

Indiana First Bank Customer Care

Indiana First Bank offers a variety of unique and innovative sponsorship opportunities.

Their experienced team of marketing professionals can identify and tailor a program to meet your marketing objectives by reaching out to a wide audience of educated, affluent event-goers.

InFirst Bank offers fully integrated marketing partnership programs that can include:

1. Building Partnerships

2. Event Sponsorships

3. Venue Signage

4. Corporate Hospitality

5. Sponsor Initiatives

6. Creative marketing and promotional programs like consumer promotions, traffic-driving promotions, cause-related tie-ins, and grassroots marketing

Mortgage Loans

At InFirst Bank, we aim to make the mortgage process as simple as possible for you.

Whether you’re buying a home, needing to renovate your current home, or looking to refinance an existing mortgage, our experienced lenders provide helpful, personal service.

We’re here in your community, whenever you want to pick up the phone or stop by – eager to answer your questions, help you choose the best loan for your situation, and offer lending advice. 

When you’re ready to take the next step, we’re ready to make you feel at home!

Here is a current list of mortgage products offered at InFirst Bank:

1. Professional Mortgage

2. Hometown Hero Mortgage

3. First Time Homebuyer Mortgage

4. Adjustable-Rate Mortgage

5. Purchase Plus Mortgage

6. New Construction Loans

7. Refinance Plus Renovation Mortgage

8. USDA / FHA / VA Mortgage Programs

Professional Mortgage

Are you a medical doctor, attorney, CPA, or have your PhD and working in your field of study? Then our Professional Mortgage may be a perfect fit for you!

The maximum term is 30 years. No private mortgage insurance is required. The maximum loan-to-value is 97%. 

The monthly housing expense-to-income and debt-to-income ratio will follow our general loan policy guidelines.

Posted rates are for well-qualified borrowers. The final rate is determined by credit score.

Hometown Hero Mortgage

InFirst Bank’s Hometown Hero Mortgage is a program that helps Law Enforcement Officers, EMTs, Firefighters, and Active/Retired Military Personnel. 

You selflessly help others and make our communities a better place to live and work. Our Hometown Hero Mortgage is our way of saying ‘thank you!’ for all you do for us!

The maximum term is 30 years. No private mortgage insurance is required. However, the maximum Loan-to-Value is 90%. The monthly housing expense-to-income and debt-to-income ratio will follow our general loan policy guidelines.

Posted rates are for well-qualified borrowers. Final rate determined by credit score.

First-Time Homebuyer Mortgage

Our First-Time Homebuyer mortgage is for individuals who have not owned a home within the past 3 years or owned a home jointly with a spouse but not individually, within the past 3 years. 

This definition includes a married couple who has not owned a home in the past 3 years.

Counselling is required to prepare for homeownership; including the mandatory topic of predatory lending. They must complete counselling by at least one adult resident homebuyer. 

The maximum loan-to-value is 90%. No private mortgage insurance is required. The maximum term is 30 years.

Posted rates are for well-qualified borrowers. Final rate determined by credit score.

Adjustable-Rate Mortgage (ARM)

An (ARM) is a mortgage in which the interest rate changes at predetermined intervals. The interest rate will increase or decrease based upon an index that reflects the current money market rate.

The change in interest rate will also change the borrower’s monthly payment. To protect the borrower from “Payment Shock”, the loan has preset limits as to the amount the interest rate can change both annually and over the life of the loan.

Posted rates are for well-qualified borrowers. Final rate determined by credit score.

Purchase Plus Mortgage

Purchasing a home that needs a little TLC? We can help make it your dream home! Our Purchase Plus Mortgage will let you Purchase AND Renovate all in one loan!

Posted rates are for well-qualified borrowers. Final rate determined by credit score.

Construction Loan

Building a new home? We can help! With a Construction Loan from InFirst Bank. Also, you can finance the building of your home from start to finish, build a large addition onto your existing home, or build a modular home or double-wide on a foundation.

Posted rates are for well-qualified borrowers. Final rate determined by credit score.

Refinance Plus Renovation Mortgage

Our Refinance Plus Renovation Mortgage is a loan for refinancing a current mortgage where additional funds are needed f
or renovations.

An approved contractor must complete work. The maximum loan-to-value is 85%. InFirst Bank must be 1st in lien position.

Posted rates are well-qualified borrowers. Final rate determined by credit score.

USDA / FHA / VA Mortgage Programs

USDA, FHA, and VA are government loan programs that offer borrower lending solutions with little or no money down.

RURAL HOUSING USDA

100% loan-to-value Up to 6% seller contribution allowed
No down payment required 30-year fixed-rate
No cash reserves required Purchase only
One-unit primary residence The home must be located in HUD rural area
Maximum county income limits apply InFirst Bank is not acting on behalf of, or at the direction of the VA, FHA, USDA or Federal Government
Minimum FICO = 640 (may consider lower FICO with compensating factors)  

FHA LOAN

15 or 30-year term, fixed No reserves for 1 to 4 unit properties
96.50% loan-to-value allowed for purchase transactions 100% gift from family member allowed for a down payment
Single-family, 2-4 units PUD condos & manufactured homes Owner-occupied primary residence
97.75% for rate & term refinance 85% loan-to-value for cash-out
Minimum FICO = 620 InFirst Bank is not acting on behalf of, or at the direction of the VA, FHA, USDA or Federal Government

 

VA LOAN

15, 20 & 30-year terms, fixed Loan-to-Value up to 100%
No down payment required as long as the sales price does not exceed the appraised value No private mortgage insurance required
Purchase, rate, term & cash-out refinances available Closing costs may be paid by the seller
The borrower must have a valid Certificate of Eligibility InFirst Bank is not acting on behalf of, or at the direction of the VA, FHA, USDA, or Federal Government

Contact a customer service representative today to see if one of these programs is right for you!

InFirst Bank Frequently Asked Questions

Q: Can I have my loan payment directly debited from my checking account?

A: Yes, absolutely! Just ask your loan officer.

Q: Are there restrictions on what they can use the monies from my Home Equity Loan for?

A: Consult your tax advisor.

Q: How do I sign up for Online Banking?

A: Signing up for Online Banking is easy! Simply click on the link below and enter your information. Once you enter your information and submit the form, you will receive an email with further instructions on how to access Online Banking.

 

Q: When can I use Online Banking?

A: You can begin using Online Banking after signing up and receiving the welcome email from our Online Banking team.

Q: What do I do if I forget my password for Online Banking?

A: If you forget your password for Online Banking, you can reset it online. Once an unsuccessful login occurs twice, they will prompt you to reset your password online by answering your security question. If you are still having difficulty, please contact us at 800-349-2814.

What’s your take on this? Also, we believe this article was interesting, right? If yes, don’t hesitate to use our share button below to inform – friends and relations via Facebook, Twitter, or Google+.

StudentsandScholarship Team.

Be the first to comment

Leave a Reply

Your email address will not be published.


*