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1st National Bank of Arizona launches new productsMortgagePress.com100 percent mortgage financing, 1st National Bank of Arizona
1st National Bank of Arizona (FNBA) has introduced three new
lending products with 100 percent financing options - Arizona
Express, the 5-Year Hybrid Cash Management Adjustable-Rate Mortgage
(ARM) and 100 percent financing on alt-A fixed and ARM products
with lender paid mortgage insurance.
Arizona Express is a streamlined documentation program designed
to offer customers with excellent credit a more efficient way to
close their loans at attractive interest rates. The 5-Year Hybrid
Cash Management ARM provides borrowers with four payment options to
manage their cash flow while offering them increased protection
against rate instability and market movement via a longer recast
period and interest-only term. Enhancing FNBA's foundational alt-A
products, 100 percent financing on alt-A fixed and ARM products
with lender-paid mortgage insurance accommodates customers via
streamlined underwriting guidelines, expanded credit parameters and
faster closings.
Scottsdale, Ariz.-based 1st National Bank of Arizona is a
privately owned mortgage bank. For more information, call (877)
283-3621 or visit www.fnbavenue.com.
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