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Application Form  ]

Complete the above form
and return it to your nearest
branch office.


Looking to buy your first home?
Look no further than FNBT.

Take advantage of our 2020 First-Time Home Buyers Program

  • Application fee waived
  • Interest rates will be offered 1/4% below our current residential mortgage rates.
  • Pre-authorized payment deductions will come from the borrowers’ FNBT Checking or Savings Account.
  • Program runs through 12/31/2020, subject to availability

Borrower Qualifications

  • Must be a first-time home buyer. Cannot own or have previously owned a home (investment or residential)
  • Maximum gross yearly income of borrowers is based on the property’s location. Examples: In Allentown, Bethlehem and Easton PA MSA, the income limit is $64,160.00. In Monroe County, PA, the income limit is $63,040.00
  • No mobile home mortgages
  • Minimum of 3% down with Private Mortgage Insurance. Down payment and closing costs may be in the form of a gift. Borrowers and property must meet all MI requirements for PMI approval.
  • Borrowers and property must meet all standard Freddie Mac guidelines and qualifying ratios.

Affordable 3/2 Housing Guidelines and Requirements 

3% Minimum Down Payment

Gifts must come from:

  • A relative, defined as related by blood, marriage, adoption or legal guardianship
  • A domestic partner or fiancé

Reserves: Per AUS Guidelines

Ratios: Not to exceed 45%

  • Nontraditional Credit - Max LTV 90%
    All loans must be manually underwritten by MI Company
  • 3 sources of Nontraditional Credit are required
  • 1 source must be from a housing expense (rent)
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First Northern Bank & Trust | Fourth Street & Lafayette Avenue Palmerton, PA 18071

(800) 344-2274 | (610) 826-2239 Local | [email protected]

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