Acquiring Mortgages Is No Problem At Little River Crossing

Little River Crossing and its lending partner are able to offer a complete range of an extremely flexible financing options for qualified buyers. For those who want to finance a purchase of land parcels and do not intend to build a house in the near term, there is a choice between bank financing and owner financing. Owner financing is offered at 6% for three years with a 20% down payment and amortized as though it were a 30-year loan. Bank financing is offered with a potentially smaller down payment but a somewhat higher interest rate.

First Bank & Trust is the recommended lender for land purchases, home construction loans and mortgages at Little River Crossing. Because First Bank is the overall property development lender, the bank's local representatives are intimately familiar with the land, the home-builders and the house packages offered in the development and are eager to serve the borrowing requirements of Little River Crossing clients.

For twenty-six years First Bank & Trust has offered diversified financial services with offices throughout southern Virginia. The Bank's market niche is catering to small businesses and consumers – with particular attention to property development. As a Member of the Federal Home Loan Bank of Atlanta, First Bank provides access to national funding sources, and offers a full range of mortgage options including fixed rate mortgages, adjustable rate mortgages and even jumbo mortgages (greater than $417,000). Moreover, the bank is willing and able to customize mortgage terms to meet the needs of particular clients.

Particularly important, your mortgage can be approved in minutes, rather than days or weeks! The bank's local representatives are the decision-makers in determining mortgage commitments – you are not "put into the system." You can apply on-line and get free pre-qualifications. Up-to-date interest rates and mortgage terms viewable on-line at the bank's website.