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National Mortgage Professional
Aug 07, 2006

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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