June 2019 - 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 community bank resources that make financing easier and more a personal.

“For most people, buying a home is an investment in their future—an opportunity to establish roots, start a family, and build financial security,” said Greg Ohlendorf, President and CEO of First Community Bank and Trust. “As your trusted financial advisor, we can help you navigate the process and select the financing option that works best for you.” 

For consumers considering purchasing a home, your local community bank can help you determine: 

1. How much you can borrow and what loan products best match your financial needs and budget considerations. Your community banker will review the mortgage process along with 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. Your community banker will help you understand the fine print before you sign on the dotted line.
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 community banks can recommend, making homeownership more affordable.
5. Additional resources to help you create a budget and set financial targets. Many community banks offer homebuyer seminars and other helpful resources. You can also submit an application using your mobile device with First eMortgage Mobile.

“For many Americans, homeownership represents the keys to financial wealth creation and putting down roots in their community,” said ICBA President and CEO Rebeca Romero Rainey. “As relationship lenders, your local community is here to provide guidance and support in what can be a protracted and complicated process to becoming a homeowner.” 

For more information on our mortgage loan services or to apply for a loan today, click here.

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 52,000 locations nationwide, community banks constitute 99 percent of all banks, employ more than 760,000 Americans and are the only physical banking presence in one in five U.S. counties. Holding more than $4.9 trillion in assets, $3.9 trillion in deposits, and $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.