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First National Bank of America offers several unique loan products to assist borrowers that may have difficulties qualifying for traditional mortgage programs.

First National Bank of America – Loan Products

Below are some of the loan programs that First National Bank of America offers:

Previous Credit Event

If you have had a recent bankruptcy or foreclosure, this program may help you get the mortgage you need.  You may be able to qualify for a mortgage even just 1 month after such an event.

Highlights of this program:

  • Minimum down payment of 15%.
  • Gift funds for down payment allowed.
  • Qualify using tax returns or bank statements to prove income.
  •  DTI ratios up to 55% are allowed.
  • Most types of properties are eligible.

Bank Statement Program

This program is intended for self-employed borrowers who need to prove their income using bank statements instead of tax returns.

Highlights of this program:

  • Use either 12 or 24 months worth of bank statements.
  • No minimum loan amount.
  • DTI ratios up to 55% are accepted.
  • Maximum LTV of 85%.
  • Gift funds for down payment allowed.
  • Most property types are accepted.
  • 15, 20, and 30 year fixed rate mortgages available.

ITIN Mortgage Loans

This loan program is designed to help borrowers who have a tax ID number, but no social security number.

Highlights of this program:

  • LTV ratios up to 85%.
  • DTI ratios up to 55%.
  • Gift funds allowed.
  • Most property types are accepted.
  • May use bank statements to prove income (12 or 24 months).

You may contact First National Bank directly to find out if you qualify for a mortgage.  We can also help connect you with a non-prime mortgage lender that may be able to help you. Simply get in touch with us via our  contact form , and we will do our best to connect with you the best lender for your unique situation.

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