Commercial, Consumer, and Residential Lending
First National Bank Loans
Offering a variety of loan services for a variety of needs
First National Bank Northwest Florida offers business, consumer, and residential lending programs.
Our staff is comprised of locals who understand the needs of the customers in our community and can assist with seasonal and term payment structures.
- You will never have to wait and wonder when your request will be approved or by whom…decisions are made locally and quickly by folks who live in this community, unlike the big regional banks who send the loan out of state for a decision.
- Your local FNB lender will make the loan fit you, not you fit the loan…and your lender can handle any request from business to home loans.
We are a community bank and lend in our community. If you live in or want to finance property located in one of the following Florida Panhandle Counties, give us a call; Bay, Calhoun, Escambia, Franklin, Gulf, Holmes, Jackson, Liberty, Okaloosa, Santa Rosa, Walton and Washington.
Business
If you want to purchase/refinance commercial real estate, expand your business, or finance equipment, we have a solution to fit your need.
A. Commercial Mortgage
Purchase, refinance, or make improvements to commercial real estate. Also, available for construction purposes. Fixed and variable rates are available.
a. Conventional Commercial Loan
Amortization up to 20 years. Fixed or variable rates available. Variable rate will be tied to the Prime lending rate and may be fully amortized with principal and interest payments up to a 20 year term. Owner-occupied and non-owner occupied property are acceptable.
First National specializes in making loans to churches in our market area. For over 30 years, we have made loans to churches ranging from $50,000 for a new sign, parking lot paving, etc. to over $5,500,000 for a new sanctuary, fellowship hall, etc. Larger Loans considered case by case. Loan terms up to 20 years (25 years case by case).
b. SBA Loan
We specialize in SBA 504 and 7A loans. Loan is partially guaranteed by SBA. Loan amount up to $20,000,000+. Fixed or variable rates available. Loan term up to 25 years. Smaller down payment requirement, in most cases. SBA requires business be owner occupied and a “for profit” business. See Small Business Administration for additional information.
Approved to offer SBA loan products under SBA’s Lender programs. Click the SBA icon to learn more about SBA Loans.
c. USDA Loan
Loan is partially guaranteed by USDA. Purpose is to improve economic development and employment in rural America (population less than 50,000). Loans up to $10,000,000. Loan term up to 40 years. Smaller down payment requirement, in most cases. Non-owner occupied property is acceptable. See United States Department of Agriculture for additional information.
Click here to learn more about USDA Loans
B. Business Term Loan
Perfect solution to finance the purchase of a company vehicle or equipment. Collateral may be business assets, specific equipment, or a company vehicle. Minimum three years in business required. Minimum loan amount starts at $10,000. Fixed principal and interest payments. Typical term is one to five years (7 years in some situations).
C. Business Line of Credit
Used to finance short-term working capital, our lines start at $10,000.00. Businesses can borrow as needed, repay, and borrow again up to the line limit. Minimum three years in business required.
D. Builder Speculative Construction Loan
Offered on single family homes and other approved projects. Considered case by
case to licensed contractors or individuals using a licensed contractor. Typical
term up to 12 months. Longer terms may be considered for larger projects.
Fixed or variable rates available.
To Apply for a Business Loan
- Download, complete, and sign the business loan application.
- Collect the applicable documents as outlined in the business loan checklist.
- Visit with a Loan Officer at the nearest First National Bank location.
*All loans subject to credit review.
Consumer
Consumer loans are offered to individuals for their personal needs. Whether it be an auto purchase/refinance or home equity loan for home improvements, we have a variety of competitive products.
Consumer Loans
- Automobile Purchase/Refinance
- Boat/RV Purchase
- Home Equity
- Home Equity Line of Credit
- Lot/Acreage Purchase or Refinance
- Unsecured Personal Loan or Line of Credit
Residential
Whether you’re buying your next home or you’re a first-time buyer, FNB has a variety of options for you. Or, if you are looking to lower your monthly payment or just want to switch to a fixed rate, we offer mortgage refinancing options including standard and FHA mortgages.
Want to build your new home? Yes, we can also make a construction loan and convert it to a permanent mortgage loan when the construction is complete.
Residential Permanent Loans
We offer a variety of secondary market loans at very competitive fixed and variable rates with flexible repayment terms such as FHA, Fannie Mae and Freddie Mac. And, for those that prefer to keep their loan with us to service, we can offer a variable rate in-house loan.
Residential Construction Loans
For the purpose of building a single family residence. Loan proceeds are funded in draws or stages as the home is built by your licensed contractor. Inspections are done periodically to assure each phase is complete and then funds are disbursed to the builder to cover the cost as incurred. This minimizes the interest you pay and assures funds are available for completion of the home.
Builder Speculative Construction Loans
(See under Business/Commercial Lending)
Quick App
Mortgage Lending
The following link is our Application in Motion (AIM) – Quick App link. This is a secure link to safely key in your personal information and lending needs. Once you have completed this quick application, an e-mail will go to a mortgage lender who will get back with you as soon as we can.
Mortgage Documents:
Fair Lending Statement:
It is First National Bank Northwest Florida’s (FNB) policy to treat all consumers fairly and in compliance with all applicable lending laws. The equal treatment of all credit applicants, without regard to race, color, religion, national origin, sex, marital status, age, sexual orientation, disability, income derived from any public assistance program, or an applicant’s exercise of any right under the Consumer Credit Protection Act or any other prohibited basis, is an integral part of our mission to provide quality financial services. FNB is committed to providing every credit applicant fair and equal treatment throughout the credit application and approval process. This principle is embodied in the Equal Credit Opportunity Act and the Fair Housing Act and applies to every loan request.