First National Bank Now Offers Fannie and Freddie’s Refinance Programs
First National Bank (FNB) has announced that it has added the Fannie Mae RefiNow and Freddie Mac Refi Possible refinance programs to its affordable mortgage options. Income-eligible homeowners can refinance their mortgage at a lower rate and a lower payment while also applying for a credit of up to $500.00 to cover appraisal costs. FNB Corporation, headquartered in Pittsburgh, Pennsylvania, is a diversified financial services company operating in seven states and the District of Columbia. According to its official site, it provides a full range of commercial banking, consumer banking, and wealth management solutions through its subsidiary network which is led by its largest affiliate, First National Bank of Pennsylvania, founded in 1864.
“We continue to enhance our affordable mortgage offerings with new programs and increased digital access through eStore as part of our ongoing commitment to providing solutions and education that make homeownership attainable for more families,” said Joseph Cartellone, executive vice president and director of mortgage services.
The FNB also offers affordable homeownership and home improvement and rehabilitation programs. In April, the bank will increase its closing cost assistance grant to $5,000 to demonstrate its commitment to borrowers with low or moderate incomes or who are buying a house in a low- to moderate-income (LMI) neighborhood.
The grant so far is available in Pittsburgh, PA, Johnstown, PA, Harrisburg, PA, Cleveland, OH, Youngstown, OH, Baltimore, MD, Raleigh, NC, Charlotte, NC, Winston-Salem, NC, and Charleston, SC.