Mortgages and Real Estate Loans
Whether you're buying your first home or your fifteenth, whether you're an investor or would like to cash out some of the equity in your home, the First National Bank of Mount Dora has a loan program for you.
Loans for Home Purchases
Ready to buy your first home — or your next one? You won't find a lender who will work harder to get the best terms and best rate possible for you. And FNBMD's lenders go the extra mile to help make sure you can close on time.
Construction Loans
One of the most exciting projects you'll ever undertake is building your own home from scratch. FNBMD's construction loan program will give you the funds — and the confidence — to create your dream home.
Home Improvement
Adding an in-law suite or updating the kitchen? A home improvement loan can give you the money you need to do the job right.
Home Equity Loans
If your home is worth more than the balance on your mortgage, consider a home equity loan. You can borrow against the equity to help with expenses like college, home improvements or to buy a boat or motor home.
Home Equity Line of Credit (HELOC)
If you have equity in your home but don't have an immediate need for cash, establish a HELOC, which will give you a line of credit to use as you need it. Like a credit card, you'll only be charged for the money you borrow during the time you use it.
Refinancing
If the interest rate on your home mortgage is higher than the current rate, it may make sense to refinance. We pay off your old loan and give you a new one with the lower rate. You might also want to refinance to change the length of the term of your mortgage or to change from an adjustable to a fixed rate. And if you have equity in your home, a cash-out refinance can both change the terms and rate of your mortgage while giving you money to invest or use for personal expenses.
Investment Property
If you want to buy a second home for vacations or an eventual retirement home, or if you're buying investment properties for appreciation and income, talk to FNBMD. We've got decades of experience helping buyers like you.
Contact Us Today
When you need help with a large purchase or would like a line of credit for unexpected expenses, call one of our personal loan experts at (352) 383-2111 or email us at fnbinfo@fnbmd.com to learn about our mortgages and real estate loans. We have options to suit your circumstances and the personal service to help you feel secure in your decision.