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An Affordable Loan Option

Our Mortgage Rate Relief Program offers lower rates to those who qualify. If high interest rates are preventing you from owning a home, reach out to a First Bank & Trust Mortgage Loan Officer to find loan options that work for your budget. 

Rate subject to change, current as of 3/31/2025.

Our Mortgage Rate Relief Program Can Help!

  • Homebuyers earning up to 80% of area median income (AMI).
  • Those who qualify that are looking to purchase their primary residence.
  • Qualified applicants will receive an approximate 1.5% interest rate reduction below the current market rate.
  • This interest rate reduction only applies to 30-year fixed-rate mortgage loans.

 
*Annual Percentage Rate (APR) of 5.285% is based on a $240,000 loan with 360 monthly payments of $1306.77. Standard credit qualifications apply. Offer valid for the purchase of primary residence and must be a 1-4 single-family unit property. Offer is valid as long as Mortgage Rate Relief funds are available. Not available with any other loan specials. All owner/occupant’s income must be considered when determining your eligibility for this interest rate reduction product. This includes any income you may have above what is used to qualify for the mortgage loan. The Mortgage Rate Relief product is available to home buyers earning up to 80% of area median income (AMI), determined by the Federal Housing Finance Agency’s Underserved Areas Data. Rate subject to change, current as of 3/31/2025.

Make an Informed Decision

When it comes to purchasing a home, there's a lot to know. We’ve compiled some resources to help you plan for and understand your mortgage.

Request a Free Consultation

Navigating the mortgage process doesn't have to be difficult. Our expert loan officers will answer all your questions, and help determine which options make the most sense for you.

Ready to Apply?

Complete our online mortgage application to move things along faster.





























































The institution ID number for First Bank & Trust charter with the NMLS Registry are as follows: First Bank & Trust (includes Milbank, Toronto, Vermillion, Canton, Garretson, Madison, Watertown, and White in South Dakota and Pipestone, Cambridge, East Bethel, Edina, New Prague, Princeton, and Roseville in Minnesota) – 409296.