Beecher, IL (June, 2020)—The Independent Community Bankers of America® (ICBA) and First Community Bank and Trust in recognition of National Homeownership Month in June, are reminding current and prospective homeowners of the resources that community banks offer that make financing easier and more affordable.

“For most people, buying a home is an investment in their future and a foundation upon which to establish community ties and amass financial security,” said Greg Ohlendorf, President and CEO of First Community Bank and Trust. “As your trusted financial advisor, we’re here to help you navigate the process and select the proper financing that works best for you and your family.” 

Whether you’re purchasing your first or forever home, First Community Bank and Trust can help you determine: 

1. The ideal loan amount and products to meet your financial needs and budget considerations. We can help you review the mortgage process, available mortgage programs and loan features, so there aren’t any surprises. 
2. How mortgage rates, the loan amount, property taxes and insurance premiums affect monthly mortgage payments. This will help you shop for a home that fits your budget and increase your prospects for success as an informed buyer.  
3. Your rights and obligations under your mortgage contract. Today’s consumers have more avenues than ever to homeownership. We will help you understand the fine print before you commit.
4. Suitable government-sponsored programs. In addition to federal homeownership and home-buying assistance programs, there are many programs sponsored by your state, local government or other organizations that we can recommend, making homeownership more affordable.
5. Additional resources to help you create a budget and set financial targets. Free online educational tools can also be found at www.hud.gov.

“For many Americans, homeownership represents an opportunity to help build wealth and secure their financial future,” said ICBA President and CEO Rebeca Romero Rainey. “As relationship lenders, your local community bank is here to provide guidance and support throughout the mortgage loan process.” 

For more information on community banks and the services they offer, visit www.icba.org. To start your mortgage loan application or check rates visit our web site or give us a call at (708) 946-2246.

About First Community Bank and Trust
First Community Bank and Trust is a privately-owned bank. Established in 1916 First Community Bank and Trust has been serving Beecher, IL, Peotone, IL and the surrounding communities for over 100 years. Our commitment to providing the best banking products and services is matched only by our outstanding customer service. We offer traditional community banking services, including mortgage, consumer, and commercial lending, as well as state of the art electronic banking services.

About ICBA
The Independent Community Bankers of America® creates and promotes an environment where community banks flourish. With more than 50,000 locations nationwide, community banks constitute 99 percent of all banks, employ nearly 750,000 Americans and are the only physical banking presence in one in three U.S. counties. Holding more than $5 trillion in assets, nearly $4 trillion in deposits, and more than $3.4 trillion in loans to consumers, small businesses and the agricultural community, community banks channel local deposits into the Main Streets and neighborhoods they serve, spurring job creation, fostering innovation and fueling their customers’ dreams in communities throughout America. For more information, visit ICBA’s website at www.icba.org.