First National Bank

Maximum Leverage

Purchase Short-Term (no Value-Add)
Purchase Long-Term
Refinance Short-Term (no Cash Out)
Refinance & Cash Out Short-Term
Refinance Long-Term (DSCR)
Residential Fix & Flip
Residential Rehab & Hold
Multifamily Value-Add
Loan Programs
Property Types and Loan Types
Junior Liens
Junior Lien Loan Amounts
Junior Lien Interest Rates
Origination Fees
Junior Lien Loan-to-Value
We Fund Junior Position Loans
Land Loan
Max LTV for Land
Max LTC for Land Acquisition
Purchase Loan
Max Loan-to-Purchase Price
Borrower Must Have Property Under Contract
Will Provide Proof of Funds Letter
Will Consider Lending on Purchase from Auction
Rehab Value Add Loan
Experience Required
Minimum Number of Value-Add Projects Completed by Borrower
Will Consider Lending on Purchase from Auction
Max LTC for Renovation Costs
Interest Charged for Renovation Costs
Typical Number of Days for Funds Draw
Construction Loan
Development Experience Required
Minimum Number of Ground-Up Construction Projects Completed by Borrower
Max LTC for Ground-Up Construction Costs
Interest Charged for Construction Costs
Will Lend on Partially Completed Construction Projects
Residential Long-Term DSCR Loans (1-4 Units)
Minimum Loan Amount
Maximum Loan Amount
Minimum Interest Rate
Maximum Interest Rate
Minimum Origination Fee
Maximum Origination Fee
Minimum Loan Term
Maximum Loan Term
Minimum Loan-To-Value
Maximum Loan-To-Value
Minimum Property Value
Seasoning Time
Minimum Debt Service Coverage Ratio
Minimum Credit Score
Will lend on vacation homes and short-term rentals
Will Lend on a Portfolio of Properties

Details and Requirements

Maximum Units for Multifamily Properties
Pre Payment Penalty
Deposit Required
Will lend to a foreign national
Will Consider Equity Joint Venture
Personal Guaranty (Recourse) Required
About

First National Bank has been a community partner since opening our first location in Wichita Falls in 1986. In the years since, we have grown to seven banking centers and four mortgage offices.

Our asset size has increased to over $1 billion, and we have over 150 employees in the communities we serve. This progress has allowed us to focus our attention on the needs of local families and businesses in more Texas communities.

Being a community bank, we understand the needs of small business owners. Our banking officers are on-site and offer quick decision-making in the business lending arena. We offer competitive loan and deposit products, including those for consumers and small businesses.

We hope that you will visit one of our banking centers and understand what it means when we say … “Your Community, Your Bank … Around the Clock.” Let us partner with you and show our appreciation that you are part of our Family.

Valuing Diversity & Inclusion

First National Bank believes in creating a culture of inclusion where diversity is valued. The bank is committed to providing quality financial services that are safe, secure, and competitive; with uncompromised integrity to its customers and in the communities it serves.

Supplier Diversity

The bank is committed to encourage the use of qualified business where opportunities exist and promote strategic partnerships.  The bank is also committed to promoting economic vitality in the communities it serves.  Therefore, First

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NMLS #543312
400 N Carroll Ave, Southlake, TX 76092, USA