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Mortgage Loans

Buying a new home or refinancing your existing mortgage?


First Northern Bank and Trust offers a wide range of residential Mortgage options to suit your financial and lifestyle needs. If you’ve never owned a home, be sure to check out our First-Time Home Buyers Program.

Your credit score and other factors can affect your ability to qualify for a loan and how much you pay for that loan. Please note, application and appraisal fees may apply. View Mortgage rates and details. Loans are subject to credit approval. Terms and conditions apply.

Fixed-Rate Mortgages

  • Purchase or refinance an existing dwelling
  • Up to 97% Loan to Value (requires a 3% down payment)
  • 10, 15, 20, and 30 year terms

Construction and Rehab Mortgage Loans

  • One Time Closing
  • Up to 95% Loan to Value (requires a 5% down payment - this offer does not apply to credit sale transactions)
  • Can be used for both purchases and refinances (1 unit primary residences or second homes only)
Call 1-800-344-2274, stop by any branch location, or apply online. 

First-Time Home Buyers Program

  • Low down payment requirements
  • Reduced interest rates
  • Application fee refunded at closing
  • Must meet maximum household income limits based on median household
    income by county
  • Borrower and property must meet all standard qualifying guidelines
  • Preauthorized payments from a borrower’s First Northern Bank and Trust Checking or Savings Account are required
  • Subject to availability of funds

Jumbo Loans

Defined as a single family home with a loan amount greater than $806,500.00. Financing is available at special rates and terms. Please call 1-800-344-2274 for details.

Investment Property Loans

Financing for 1-4 family rental properties is available at different terms and rates from our owner-occupied rates. Please call 1-800-344-2274 for details.

Second Home

Financing for single family vacation properties is available at different terms and rates from our owner-occupied primary residence rates. Please call 1-800-344-2274 for details.


Government Mortgage Lending Programs

If you have questions or are interested in submitting an Application for these mortgage programs, call 1-800-344-2274 and speak with one of our mortgage lending professionals, licensed through the Nationwide Mortgage Licensing System. See additional details.

Federal Housing Administration (FHA) Mortgage Lending

Insured by the government and issued by private lenders such as banks, this loan enables a person to purchase a home with a lower down payment and lower income requirements than traditional loans.

Veterans Affairs (VA) Mortgage Lending

Veterans Affairs Mortgages are available to active military servicemembers and veterans. There are no mortgage insurance requirements and sometimes borrowers can qualify for zero down payment.


Loan application packages for VA and FHA loans are forwarded to preferred lending partners. First Northern Bank and Trust does not underwrite, decision, price, fund, or service these loans. If the loan is originated, we receive compensation for the services we provided in connection with the loan transaction.