A Lesson From Our Lender

At Focus Bank, we offer flexible, convenient personal and business banking products and services. If a loan is what you are looking for – then look no further. Whether you are in search of a construction loan, home equity loan or investment property loan, we are ready to serve you. With more than 90 years of experience, you can rest assured that Focus Bank will work hard for you. 

Home Loans – 

We have a mortgage department that offers longer term, fixed rate FHA, RD, VA or Conventional mortgages. Kerri Jones can be reached at 870-926-6003. 

If you are not interested in a long-term, fixed rate mortgage or do not qualify – we have other options for you! Our in-house, adjustable rate home loan has the same interest rate for the first 3 or 5 years (depending on the product you select) that amortizes over a 30-year period. Here are a few examples of when you might need an in-house loan: 

• Condos, Lofts, Townhomes

• Unique properties 

• Recently flipped properties

• Parents co-signing with children 

We finance up to 90% of the purchase price on a purchase and 90% of appraised value on a refinance. The 10% down payment can be cash or collateral from another source. Traditional fixed-rate mortgages will include private mortgage insurance (PMI) in the monthly payment if you do not have a 20% down payment, but our in-house loans do not charge this additional fee. 

Land Loans – 

The lenders at Focus Bank are ready to help you purchase land. Just give us a call to discuss your options. The down payment required will vary depending on the nature of the land being purchased (a lot in a subdivision vs. 80 acres of hunting land vs. 10,000 acres of farmland). 

Construction Loans – 

Are you ready to build a home of your own? We will finance up to 85% of the appraised value. You will pay interest only payments on the funds you have drawn out of the loan during the construction process. We will need your house plans, builder contract, and cost sheet to get started. 

Investment Property – 

Maybe you are ready to purchase a rental property. We would like for our customers to pay 15% of the purchase price for a down payment or take other collateral with the same or higher value. Most investment properties are amortized over a 20 year period. Principal and interest payments are paid to the bank monthly.