First Place Bank Loan Programs

First Place Bank offers a variety of loan programs, including those listed below. Click on the program title or contact Darrin for more information.

Conventional Loan:	10 to 30 year fixed rates; 1, 3, 5, 7, and 10 year ARM's and 5 and 7 year balloons.
Jumbo Loan:	A market leader in jumbo rates. 15 and 30 year fixed rates.
No PMI Loan:	0%, 5%, 10% and 15% minimum down payment with no mortgage insurance.
Bridge Loan:	Bridge up to 90% of the home's value. No dual payments. Pay off the current mortgage. Interest payments can be billed at the end of the nine-month term, quarterly or monthly.
Zero Down Payment:	$375,000 maximum sale price. Finance on a 30 year fixed, 7-1, 5-1, 3-1 and 1-1 ARM.
Construction Loan:	5% minimum down; approved and closed within 24 days; fixed or ARM products and NO double closing costs. Lock for 6 to 12 months.
End Loan:	5% minimum down on all loan products. "LOCK & ROLL" option available.
Building Lot Loan:	10% - 20% down payment up to 30-year amortization, 5 year balloon.
No Ratio Loan:	20% down payment and no underwriting ratios!
No Income Verification:	10% - 20% down and no tax returns. Primary, second home and investment.
Portfolio Loan:	ARM loans for those Special Buyers - no income or less than perfect credit.
Investment Property:	Minimum 10% down payment. Fixed and ARM loans available.
Relocation:	First Place Bank can direct bill your company for the closing costs. The application can be done over the phone and by express mail.
FHA/VA:	FHA and VA 15 and 30 year fixed. Direct Endorsed Lender

Service:
Thank you for the opportunity to assist you with the purchase of your new home. First Place Bank specializes in mortgage lending and is committed to providing you with aggressive rates, costs and products. First Place is a bank but has many similar characteristics of a mortgage company. At times we use our own funds and at other times we use the funds of outside investors.

Our office in Solon is a self-contained unit where we process, underwrite and close all loans. The importance of this is it gives us the unique ability to move quickly and efficiently providing clients with a very high level of service.

Contact Darrin Kresevic (Office: 440-914-0683; Pager: 216-982-6611; E-mail) to discuss the program that best meets your needs.

Revised 11/15/02