Mortgages

Last year, First Place made over $1 billion (yes, billion) in loans making us the leading lender in this area. The reason: excellent loan products and outstanding personal service that First Place provides.

There are good reasons MORE PEOPLE come to First Place for home loans.

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Mortgage Loan

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ARM vs Fixed Rate

Rent vs Buy
 Refinance Calculator

15 Yr vs 30 Yr. Mortgage

Enhanced Loan Calculator

First Place can help you with just about every aspect of homeownership. If you’re starting to look for a home, you’ll find step-by-step information at our Home Buying Process section.
    
Click here for links to auditors in your area.

Speed is of the Essence Speed is of the Essence
     The last thing you need when buying a home is a long, complicated process. So our home loan approvals take days, not weeks. Why so quick? Because we're a local bank and our people make the loan decisions, not some guy in a designer suit who couldn't find Ohio on a map.
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Keeping it Close to Home Keeping it Close to Home
     No other bank in the area has stronger community roots than First Place Bank. We've been locally owned for over 100 years and have always been deeply involved in keeping our community vital and growing. After all, this is our hometown. Let us help make this your home too, with a mortgage that will open the right door for you.
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Pre-approval Pre-approval
     Getting a pre-approved loan is a smart move. Don't shop without it. Fast and free, a loan pre-approval lets you know what you can afford to spend. So you can negotiate with power and buy with confidence. We can give you pre-approval on a loan amount and a monthly payment that fits your needs. Once you've found the right home, final loan approval is a breeze.
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Bridge Loans (For homes, not bridges) Bridge Loans (For homes, not bridges)
     You've probably heard stories about homeowners who found that perfect new home only to find that they couldn't get a loan until they sold their old home. First Place can eliminate that problem with a bridge loan. A bridge loan allows you to buy a new home even before you sell your old home. At most, you'll only have to pay interest on this interim loan and very minimal closing costs.
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Construction Loans Construction Loans
     Traditional construction loans can be a real hassle. But with a First Place construction loan, you eliminate the need for two closings and you save precious time and money. With as little as 5% down, we can offer you a single loan, which automatically converts to a fully amortizing loan at the end of the construction period.
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FHA/VA Loans
     If you are a first-time homebuyer or you don't have much for a down payment, our FHA and VA loans may work for you. To find out if one of these loans will work for you, talk to one of our loan professionals. He or she will give you all the details (in plain English, no banker talk) and help you pick a program that's right for you.
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Jumbo Loans
Jumbo Loans
     It's not as scary as it sounds. The mortgage amount is jumbo -- over $417,000* -- but the interest rates we can offer you on that kind of loan are small. And unlike a lot of other lenders, we don't charge high premiums. So you can get a jumbo mortgage without spending a jumbo amount on premiums and interest rates.
*Amount changes periodically
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Fixed Interest Rate Mortgages
     First Place offers a variety of fixed interest rate mortgage loans with terms from 15 years to 30 years. You can get a fixed interest rate mortgage with a very low down payment; in some cases you don't need any down payment. It's the best way to get a mortgage that fits your personal budget needs. And, since the interest rate is fixed, you'll have the peace of mind of knowing that your payment won't go higher.
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Home Equity Loan. Apply now. Use it later.
    When you apply for a First Place mortgage, you can, at no additional cost, get approval for a home equity line of credit. Once approved, you have instant access to funds when you need them. Today, tomorrow or next year, the money will be there for you without any questions, without any paperwork.

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Variable Rate Mortgages
    A variable rate loan may be a wise choice based on your financial needs and the interest rate environment. First Place gives you the option of having the rate fixed for one, three or five years, after which the rate adjusts annually. Minimum down payments on one, three and five year loans are 5%.

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