Mortgage Loans

Buying or building a home presents a number of choices and financing the purchase with a mortgage may be one of the most important you will ever make. We at Community First Bank are here to help you with this decision. We offer great rates and terms available on everything from purchase and construction to refinancing and debt consolidation.

If you are building a home, Community First Bank offers one-stop mortgage financing. Our simplified loan process saves you appraisal fees, title charges, credit report fees, time and money. Your construction and permanent financing needs can be solved with only one loan application! Other features of our low cost construction loans are:

  • No application fee
  • 80% Loan to Value (LTV)*
  • Six month maturity (may be extended at maturity)
  • Interest payable only on the loan amount disbursed
  • Owner pre-approves all loan draws
  • All loan draws handled through a qualified title company
  • No fee for pre-qualifying construction loans
  • Permanent mortgage financing available through Community First Bank
*Over 80% LTV requires credit enhancements

Application Checklist

Before you come in for a home loan, please make sure you bring the following:

  • Two (2) year's W-2's from all income sources
  • If self-employed - two (2) year's federal tax returns; including all schedules, personal and business, and a year-to-date profit and loss statement
  • Most recent pay stubs covering 30 days
  • Mailing addresses for last 2 years
  • Name, phone and mailing address of landlord for last 2 years
  • Last month's bank statements - checking, savings or signed printout from bank as well as documentation on any IRAs, CDs, mutual funds, stocks, annuities and 401Ks
  • Divorce decree if applicable
For construction loans, please also include the following:
  • Signed construction contract
  • Signed offer to purchase lot, if applicable
  • Title policy on lot if already owned
  • Plans and specifications from builder
  • Contractor's disbursement affidavit
  • Bid for any work not provided in builder's contract
  • Check to cover cost of appraisal

Mortgage Calculators

Mortgage Debt Consolidation - This calculator is designed to help determine whether using a mortgage to consolidate your debt is right for you.

Mortgage Required Income - What income is required to qualify for a mortgage? This calculator collects the important variables of debt and interest rates to determine what your income needs to be for a desired mortgage.

Automatic Payment & Insurance Options

Automatic payment options are available which permit funds to be transferred from your Community First Bank checking or savings account and applied to the balance of your loan. We offer Credit Life and Disability Insurance on all personal loans.

Free brochure

The mortgage settlement process can be confusing and costly. The Federal Reserve Board provides a brochure, A Consumer's Guide to Mortgage Settlement Costs, to help you understand the steps involved in closing a mortgage. This brochure will help whether you are purchasing a home or refinancing a mortgage.

Community First Bank … For all your financing needs

As a locally owned and operated bank, Community First Bank is committed to meeting your personal and business financial needs. We offer more than just convenience, we offer Real personalized service, sound financial management and a strong commitment to our community.

For more information concerning your financing needs or to schedule an appointment, please call us at (618) 234-9500.


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Community First Bank is locally owned and operated, serving Fairview Heights, Swansea, Belleville, O'Fallon, Shiloh, the Metro-East and
the St. Louis region. Go to in separate window Go to in separate window

Address: 4600 North Illinois Street, Fairview Heights, IL 62208
Located at the corner of Route 159 & Frank Scott Parkway
Phone: (618) 234-9500 Fax: (618) 234-9585