Low Down Payment Mortgage Loans

Sometimes coming up with a 20% down payment can be difficult if not impossible.  There are options when it comes time to purchasing a home. Let First Neighbor Bank help you with a mortgage option that will get you into your home with a lower down payment.

Rural Development Loan Program

Want to buy a home, but don’t have enough money for a down payment? First Neighbor Bank N.A. can help you get the home you want with a loan financed up to 100% of the home's value.  Financed through the Rural Development Program.  Income eligibility applies. Property must be in located in eligible area. 

VA Loans

You have served your country well.  Now, let us serve you by helping you into your own home with a VA loan.  The Veterans Administration loan is available for qualified veterans, reservists, and active duty personnel. (U.S. Department of Veterans Affairs)


First Neighbor Bank can help you with an FHA mortgage loan. It is a government loan backed by the Federal Housing Administration and is designed with your needs in mind. It is a great solution for first-time home buyers or anyone who needs a little help qualifying for a loan.

Downpayment Plus

The Downpayment Plus program offers individual down payment assistance.  Forgivable grants, up to $6,000 in 2020, are given to assist with down payment and closing costs.  Qualifying income levels apply and grants are forgivable after receiver owns the property for a period of five years.  This is a federally backed program.  Funds are on a first come, first served basis and will available until funding is exhausted for the year.

If you do not meet the requirements of the low down payment option loans, please talk to us about a conventional loan available through First Neighbor Bank.

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CASEY: 217-932-4048

CHARLESTON: 217-345-4060

GREENUP: 217-923-3125

MATTOON: 217-234-9700

NEOGA: 217-895-5800

NEWMAN: 217-837-2491

PARIS: 217-463-1111

TOLEDO: 217-849-2701

TUSCOLA: 217-253-1000

CALL TOLL FREE: 1-877-865-3361

Routing Number: ‍071109082

All loans are subject to credit approval.

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CASEY: 217-932-4048

CHARLESTON: 217-345-3010

MATTOON: 217-234-9700

NEOGA: 217-895-3272

*Tax and accounting services are not FDIC insured.



CASEY: 217-932-4048

**Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. First Neighbor Bank and First Neighbor Investments are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using First Neighbor Investments, and may also be employees of First Neighbor Bank. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of First Neighbor Bank or First Neighbor Investments. Securities and insurance offered through LPL or its affiliates are:


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