First Place Bank – Short Term Rates Near Zero

When buying a home in Bethesda, it's important to understand how your financing will be affected so it's critical to be affiliated with a good lender who you know will get your loan in Bethesda all the way to the settlement table.  

Our industry received some good news yesterday when the Federal Reserve’s policy making arm said that they have decided to keep short-term interest rates near zero for an “extended period”.  This should help stabilize 30 year fixed rates and keep them at reasonably low levels.    This is great news for all of us because low interest rates will bring new buyers into the market.  It is always nice to hear good news! 

Community Banking Specials (First Place Bank):

- 80/10/10’s available with fixed rate seconds

- Best in the industry group of local appraisers (No 3^rd Party system like the “big banks”)

- In-office underwriting, processing, and closing (The file never leaves Rockville….. closing papers to the settlement table a few days before closing)

- Discounted 30 year fixed rates (upper 4’s / up to $729,750)

***About First Place Bank

First Place Bank is an established community bank new to the MD/ DC/ VA market.  With all the struggles of the “large banks” the community banking model has proven to be much more efficient.  We still offer 80/10/10’s, in-house operations, and have a group of local approved appraisers (no 3^rd party appraisal system).  My entire group made the move to First Place Bank after thirteen years at a large bank mainly because we believe in a higher level of service.  We work with some of the best Realtors in the area and our goal is to create a new, higher standard in the mortgage business.  We think all top Realtors should have a community bank option to rely on.  We are changing the way people think about the mortgage business.  

Call us for the best Bethesda home mortgage rates!

Chad Loube

First Place Bank
Sr. Vice President / Regional Manager
15400 Calhoun Drive Suite 170
Rockville, MD 20855
Phone: (301) 279-5125  Efax: 301-560-6571
Mobile: (301) 452-7399
Email:  CLoube@fpfc.net
Web:    www.FirstPlaceBank.com/ChadLoube