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First Mortgages - Current Special:  $500 Waived Off Closing Costs!

Let us help you own the home of your dreams. We offer fixed and variable rate options, flexible terms and payment options with no pre-payment penalty. Even with no application fee and interest earned on your escrowed insurance and tax payments, what is perhaps the most important reason members enjoy having this important financing decision with First Community? It’s the local financing and servicing members love!

Ask about Construction Loans, Vacant Land Loans, Bridge Loans and more! Contact our Mortgage Loan Department today by email or by calling (269) 382-9845.  $500 Waived off closing costs offer subject to change.

Home Equity Financing

Looking for a great financing option with tax benefits? See us for your home equity borrowing. Your home has built equity which means purchasing power for those important purchases, education financing and more. We offer fixed term, fixed rate as well as variable line of credit options. We even offer equity financing on rental and mobile homes.

Home Equity Fixed Loan

  1. Fixed terms of 5 or 10 years
  2. Fixed rate of interest
  3. Borrow up to 90% of your home’s value
  4. Borrow up to 70% of your single wide mobile home’s value
  5. Loans starting as low as $5,000
  6. Tax deductible interest in most cases
  7. No pre-payment penalty

Home Equity Variable Line of Credit

  1. Make draws on your line up to 5 years, with an additional 10 years to repay
  2. Variable interest rate, adjusted quarterly and tied to Prime Rate
  3. Borrow up to 90% of your home’s value
  4. Borrow up to 80% of your rental home’s value
  5. Borrow up to 70% of your single wide mobile home’s value
  6. Lines starting as low as $5,000
  7. Tax deductible interest in most cases
  8. No pre-payment penalty