Where are you on your home buying journey?

Mortgages Available

Conventional Loans (fixed or adjustable rates)

  • Purchase or refinance
  • Terms up to 30 years
  • Local processing and servicing

Freddie Mac Loans

  • Purchase or refinance
  • Competitive rates and terms up to 30 years
  • Local processing and servicing

FHA Loans

  • Purchase or refinance
  • Low down payment requirement
  • Lower credit scores accepted

USDA Rural Development Loans

  • For first time home buyers and borrowers with limited credit experience
  • 100% financing
  • Competitive rates

*Must meet USDA eligibility requirements.

VA Loans

  • Available to eligible Veterans to become homeowners at an affordable cost
  • Up to 100% financing available
  • Competitive rates

HELOC Loans

  • Open line of credit
  • Flexible and convenient
  • Ability to tap into your home’s equity

Why choose PNB for your home loan?

Our Mortgage Lending Specialists are dedicated to providing the best service and guidance to our customers.

Schedule a consultation with one of our mortgage lending specialists and we’ll walk you through every step giving you added peace of mind. Let’s make your home ownership dreams come true.

Our Mortgage Lending Specialists

Magdalena Delgado Assistant Vice President and Lender Peoples National Bank of Kewanee Yo hablo Español Magdalena Delgado Assistant Vice President and Lender Peoples National Bank of Kewanee NMLS#: 514760 P: 309.853.3333 Lending Divisions Mortgage, Personal Yo hablo Español Email Me
Nikki Lanxon Assistant Vice President and Lender Peoples National Bank of Kewanee Nikki Lanxon Assistant Vice President and Lender Peoples National Bank of Kewanee NMLS#: 392979 P: 309.853.3333 Lending Divisions Mortgage, Personal Email Me
Jennifer Tjelle Lender Dwight Banking Center Jennifer Tjelle Lender Dwight Banking Center NMLS#: 579166 P: 815.584.1212 Lending Divisions Mortgage, Personal Email Me
Leala Eastman Lender Peoples National Bank of Kewanee Leala Eastman Lender Peoples National Bank of Kewanee NMLS#: 1680524 P: 309.853.3333 Lending Divisions Mortgage, Personal Email Me
Wendy Cantu Operations Supervisor and Lender Reynolds Banking Center Wendy Cantu Operations Supervisor and Lender Reynolds Banking Center NMLS#: 673698 P: 309.372.4242 Lending Divisions Ag, Commercial, Mortgage, Personal Email Me
Jolene Efnor Lender Peoples National Bank of Kewanee Jolene Efnor Lender Peoples National Bank of Kewanee NMLS#: 2436969 P: 309.853.3333 Lending Divisions Mortgage, Personal Email Me

Note: Please do not send personal information (account numbers, credit card numbers, or social security numbers, etc.) via email. Thank you.

Mortgage Resources

Five Steps in the Home-Buying Process

Step 1: Prepare Your Finances

Figure out what you can afford BEFORE you begin your home search. Review your income, debt, savings and other financial obligations. Then use our convenient mortgage calculator to help you determine a home price and monthly mortgage payment that works for your budget.

Check your credit score and compare your debt to income. You'll want to have enough for a down payment and closing costs, and then be able to comfortably pay your mortgage payment, including taxes and insurance, each month.

Step 2: Prequalify For The Right Loan

Next, meet with one of our Mortgage Lenders to discuss loan options and current interest rates. We can provide you with a prequalification letter that states the maximum amount we will lend you for your mortgage. A pre-qualification is good for a certain amount of time, typically 60 days. These are key items to have on hand when you are ready to place an offer.

Step 3: Contact a Trusted Real Estate Agent

Once you know how much you qualify for, narrow your search to homes that fit your financial criteria. You can preview properties online and opt to have your real estate agent show you only listings that are right for your needs and your budget.

When you are ready to put an offer in on a house, your agent will help you make an intelligent, informed offer. If your offer is accepted, a purchase contract is drawn and typically contains a good-faith deposit (“earnest money”) to show your commitment.

Step 4: Lock In Your Mortgage

After an offer is accepted, it’s time to apply for a mortgage. You typically have 45 to 60 days to fulfill your purchase contract so you will need to act fast by locking in your interest rate and allowing us time to start the home appraisal process.

Once you have submitted your application, within approximately three days, we will send you a loan estimate that includes your approximate interest rate, monthly payment and closing costs. You will review this document to make sure the details reflect the loan you requested and to check if your interest rate is locked. Next, we need to verify your income and assets. This requires extensive documentation, which is necessary to assure the lender you are able to make the loan payments.

Step 5: Prepare to Close

Once your mortgage is approved and at least three business days before you close, you will receive a closing disclosure that lists your fees (usually 2 to 5 percent of the home price). Then, bring your ID and any payments that are due to the closing. If you have a cosigner for your home loan, that person will also need to be present.

Once the loan closes (which may take a couple days) the funds go to the seller, you get the keys and the home is yours!

Fixed vs. Adjustable

Fixed Rate

Fixed-rate mortgages feature interest rates that are locked in for the life of the loan. They are one of the most common ways to finance a home purchase.

Best For

  • Buyers who want a consistent consistent mortgage payment
  • New purchases during periods of low interest rates
  • Long-term residency

Types Available

  • Conventional
  • FHA (Federal Housing Authority) Loans
  • VA (Veterans Administration) Loans

Benefits

  • Choice of terms
  • Rate buydowns
  • Easy monthly payments
  • Local processing and servicing

Adjustable Rate

Available in various terms, adjustable-rate mortgages feature interest rates that fluctuate based on market conditions. Interest rates and payments are often lower than those of comparable-term fixed-rate mortgages. 

Best For

  • Buyers expecting a change of income
  • Those who can afford fluctuating payments
  • Short-term residency (five to seven years)

Types Available

  • 5-year ARM
  • 10-year ARM

Benefits

  • Lower initial interest rates
  • Monthly installment payments
  • Local processing and servicing

Questions? Read Our Mortgage FAQ

What is Peoples National Bank of Kewanee’s NMLS identification number?

PNB’s NMLS identification number is 462098.

What are your current mortgage rates?