Mortgage Rates | First Northern Bank and Trust

Get a competitive rate on a mortgage or refinancing loan.

First Northern Bank and Trust offers fixed-rate Mortgages for existing dwellings, and construction loans with a construction/permanent financing package for new homes. Your credit score and other factors can affect whether you can get a loan and how much you will have to pay for that loan. Please note, application and appraisal fees apply. View all Mortgage Loans.

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Lending programs from the U.S. Department of Agriculture (Rural Housing USDA), the Federal Housing Administration (FHA), and Veterans Affairs (VA) are also available.

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The APR is accurate as of April 22, 2024 and is subject to change without notice.

Term	Interest Rate	APR See details	Monthly Payment Example
10-Year Fixed Rate See details	6.50%	6.728%	Borrow at 6.50% for 120 months and make a low monthly payment of $11.47 for every thousand borrowed. 720 minimum credit score required.
15-Year Fixed Rate See details	6.625%	6.787%	Borrow at 6.625% for 180 months and make a low monthly payment of $8.87 for every thousand borrowed. 720 minimum credit score required.
20-Year Fixed Rate See details	7.125%	7.258%	Borrow at 7.125% for 240 months and make a low monthly payment of $7.91 for every thousand borrowed. 720 minimum credit score required.
30-Year Fixed Rate See details	7.125%	7.227%	Borrow at 7.125% for 360 months and make a low monthly payment of $6.81 for every thousand borrowed. 720 minimum credit score required.

The Annual Percentage Rates (APR) shown in the chart are calculated using an assumed loan amount of $100,000.00 or more amortized over the maximum term and a loan-to-value ratio (LTV) of 80% (a borrower making a 20% down payment) on the purchase of a single-family detached dwelling that is owner occupied as a primary residence. Rates are subject to change without notice. Loans are subject to credit approval. Payments do not include amounts for taxes and insurance premiums and the actual payment will be greater. Property insurance is required.

The APR reflects any pre-paid finance charges as well as the anticipated interest expense over the life of the loan. Conventional financing only. Rates may vary among borrowers based upon factors, including but not limited to the borrower’s credit score and loan-to-value ratios. Borrowers may have the option to buy down the interest rate by paying discount points.

VA, USDA, and FHA Loans are referred to a third party vendor. First Northern Bank and Trust receives a fee for these referrals, and does not process, underwrite, fund, or service these loans.