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CONSTRUCTION LOANS |
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Interested in building a new home? First Bank offers financing for both the land purchase and the construction of your home. |
- Term: typically 6 months
- Loan to Value: maximum of 80%
- Rate: fixed at Prime + .5%
- Borrower draws funds as needed
- Interest-only payments during construction
- Advances can be transferred into a First Bank deposit account
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For more information on these products or to schedule an appointment, contact any of our mortgage professionals.
Tiffany Bailey
Mortgage Loan Originator
31 N. 9th Street
Richmond, IN 47374
(765) 973-4269
(800) 548-8138, ext. 269
tbailey@firstbankrichmond.com
Karen Beard
Vice President
Mortgage Lending Officer
31 N. 9th Street
Richmond, IN 47374
(765) 973-4240
(800) 548-8138, ext. 240
kbeard@firstbankrichmond.com
Stephanie Bell
Mortgage Lending Officer
31 N. 9th Street
Richmond, IN 47374
(765) 973-4212
(800) 548-8138, ext. 212
sbell@firstbankrichmond.com
Pam Stoops
Vice President
Retail Lending Manager
31 N. 9th Street
Richmond, IN 47374
(765) 973-4317
(800) 548-8138, ext. 317
pstoops@firstbankrichmond.com
For your convenience, we also offer loan services at each of our indoor branches. Please see the Branch Manager at your nearest First Bank branch.
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