Real Estate Loans | The First National Bank of Nokomis

Residential Loans

The purchase of a home is one of the most exciting times of your life. Whether you are purchasing that dream home, refinancing for better terms or remodeling your current home, we have a mortgage solution to fit your needs.

We service our mortgage loans so your payments can be made and questions answered locally at any of our branches.

Features

Our closing costs are among the lowest in the area.
Financing is available up to 80% of the value of the home for qualified buyers.
We offer a five year adjustable rate mortgage for up to 25 years.
We also offer escrow accounts so your property tax and homeowners insurance is included in your monthly payment.
Establishing an escrow account helps alleviate the need to come up with the money to pay your taxes and insurances when they come due each year.
We now also offer fixed rate mortgage loans for terms of up to 30 years (FHLB MPF loans).
You will get personal assistance each step of the way, from the day you apply, to the day you payoff the loan.

Simply call or come into any of our branches for further information or to obtain an application.

Farm / Commercial Real Estate Loans

We finance farm land for farm related income activity. We also finance improvements such as: commercial buildings, machine sheds, grain bins and confinement livestock buildings.

Features

Preliminary Items Needed to Apply (Farm / Commercial)

Simply call or come into any of our branches for further information or to obtain an application.