Search Button Select a Language Login MENU Home / Apply for a Loan APPLY FOR A LOAN First National Bank offers a variety of loan options to meet our customers' unique personal financial needs. Learn about our different loans below and then click on the photo of your preferred loan type to begin the application process. Or, if you're ready to begin your application now, simply click on one of the loan types listed here to get started. Mortgage Loan | Home Equity Loan | HELOC | Construction | Auto | Personal The term "mortgage" refers to a loan used to purchase or maintain a home, land, or other types of real estate. The borrower agrees to pay the bank over time, typically in a series of regular payments that are divided into principal and interest. The property serves as collateral to secure the loan. Mortgage applications go through a rigorous underwriting process before they reach the closing phase. Mortgage types vary based on the needs of the borrower. The cost of the mortgage will depend on the type of loan, the term (e.g. 15 or 30 years), and the interest rate the bank charges. Most people interested in buying a home today will submit a mortgage loan application to become prequalified. When you prequalify for a home loan, you're getting an estimate of what you might be able to borrow, based on the information you provide about your finances, as well as a credit check. Prequalification is also an opportunity to learn about different mortgage options and work with your mortgage lender to identify the right fit for your needs and goals. If you have already started your mortgage loan application and want to finish it or check on your loan status, click here. A home equity loan is a loan for a fixed amount of money that is secured by your home. You repay the loan with equal monthly payments over a fixed term, just like your original mortgage. The amount that you can borrow is usually limited to 85% of the equity in your home. The actual amount of the loan depends on your income, credit history, and market value of your home. LEARN MORE. If you're thinking about making some home improvements or looking at ways to pay for your child's education, you may be thinking about tapping into your home's equity --- the difference between what your home could sell for and what you owe on the mortgage --- as a way to cover the costs. A home equity line of credit --- also known as a HELOC --- is a revolving line of credit, much like a credit card. You can borrow as much as you need, any time you need it, by writing a check or using a credit card connected to the account. You may not exceed your credit limit. Because HELOC is a line of credit, you make payments only on the amount you actually borrow, not the full amount available. HELOCs require you to use your home as collateral for the loan. LEARN MORE. A construction loan is a short-term loan that covers only the costs of custom home building. Once the home is built, the prospective occupant must apply for a mortgage loan to pay for the completed home. This type of loan is usually issued for a year and is only meant to cover the actual construction period. During the construction phase, borrowers make interest-only payments. An auto loan allows you to borrow money to purchase a car or truck. Auto loans are usually simple-interest loans that are to be paid back over a period of typically three or five years. A car is often the second-largest purchase someone will make aside from their home. An auto loan helps make vehicles that cost tens of thousands of dollars more affordable by breaking up the high cost into monthly payments that work with different borrower's budgets. LEARN MORE. Personal loans, which are typically unsecured, are paid back in monthly installments with interest. There are many good reasons to take out a personal loan, but they are often most useful for financing a large purchase or covering an unplanned emergency expense, such as funeral expenses, medical costs, auto repairs, or major home repairs. LEARN MORE. How Can We Help? Call us at 515-232-5561 Email Us Open Account Apply for a Loan Find a branch near you Career Opportunities Switch to FNB PROUDLY SERVING, AMES, ANKENY, JOHNSTON, OSCEOLA, VALLEY JUNCTION AND WEST DES MOINES Facebook YouTube 515-232-5561 Routing Number - 073902274 Personal Business Wealth Solutions Education Center FAQs About Us Contact us Locations/ATMS Deposit Rates Calculators Open Account Apply for a Loan Download Mobile App Order Checks Privacy Policy Copyright © 2021 First National Bank. All Rights Reserved. Site by Spinutech