Lending Programs

We are here to help you find the right mortgage product for you.

 

We understand every borrower is different, and we offer a variety of products and programs to meet your individual needs and requirements. Please contact a FLB Mortgage Loan Officer for a complete list of available mortgage options.

 

TRADITIONAL MORTGAGE PRODUCTS

Conventional Loan : This type of loan offers a broad range of Fixed and Adjustable Rate Mortgages (ARMs).

Family Opportunity Mortgage: A loan program to help purchase a home for a family member, such as an elderly parent or adult child with a disability, at the rate and downpayment as if purchasing for yourself.

Jumbo/Non-conforming Loan: This type of mortgage loan serves clients needing a loan amount that exceeds the conforming loan limits. We offer Fixed Rate Loans and ARMs.

FHA Loan: Insured by the Federal Housing Administration, these programs offer low down payments and can be either Fixed or Adjustable Rate Loans.

Temporary Buydown Loan: The first year, save two percent. In the second year, save one percent. In the third year, enjoy a fixed rate. Buydowns can be an attractive benefit for both buyers and sellers.

USDA Loan:  The USDA Rural Development Guaranteed Housing Loan Program is a mortgage loan provided by the US Department of Agriculture to rural property owners and is designed to improve the economy and quality of life in rural America.

VA Loan: This product has many advantages and makes it one of the most appealing paths to homeownership. Service members and Veterans can benefit from cost savings under qualification requirements designed specifically for members of the military.

 

PORTFOLIO LOANS

Community Heroes Mortgage: Because local heroes deserve local homes, FLB Mortgage now offers a low down payment mortgage for eligible professions such as federal, state, or local government law enforcement agencies, fire departments, active and former military personnel, teachers, and medical providers. Please contact a FLB Mortgage Lender for more details.

Community Experts Loan: Similar to the Community Heroes mortgage, the Community Expert mortgage is designed for local professionals such as Certified Public Accountants, Chartered Financial Analysts, and Architects. 

Lot Loans: Build a custom, future home. Financing made available for residential lot purchases.

Physician Mortgage: A unique FLB Mortgage product designed for doctors right out of medical school and early career physicians who may not have savings available for a down payment or may have high student loan obligations.

Residential Construction Loans: Loans for new home constructions. Finance the home you want to live in and build it from the ground up.

Speciality Lending: FLB Mortgage offers several specialty mortgage products for your unique borrowing needs.

 

2ND MORTGAGE PRODUCTS

Home Equity Line of Credit: This is typically a 2nd mortgage loan with funds available for any purpose.

Home Improvement 2nd Mortgage: Provides up to $100,000 for home improvements and requires little to no equity in your home.

Purchase-Money 2nd Mortgage : Also known as a "Piggy-Back Loan," this is where you are essentially loaned a portion of your down payment to avoid PMI (Private Mortgage Insurance) or to maintain a certain 1st mortgage loan amount or payment.

 

We are here to help! One of our experienced mortgage lenders would be happy to talk to you about your mortgage needs. 

To get prequalified or start the application process, contact an FLB Mortgage Lender , email us for more information, or visit one of our branch locations in Oklahoma City, Oklahoma, Norman, Oklahoma, or Frisco, Texas today!

 

This is not a commitment to lend; you must submit additional information for review and approval. Rate, Annual Percentage Rate (APR), and terms are subject to change without notice. Certain restrictions apply to all programs. See your FLB Mortgage Loan Officer for complete program guidelines, loan application, applicable fees and annual percentage rates (APRs) for all loan programs. Full underwritten approval is required, and all loan approvals are subject to credit, income and asset review and approval. Bank NMLS#1215182