Mortgage Loans
Where are you on your home buying journey?
Mortgages Available
Conventional Loans (fixed or adjustable rates)
- Purchase or refinance
- Competitive rates and flexible term options
- Local processing and servicing
Freddie Mac Loans
- Purchase or refinance
- Competitive rates and flexible term options
- 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?
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Mortgage Lending Specialists
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Multiple Loan Options
Our 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 Magdalena Delgado
Jennifer Tjelle
Lender
Dwight Banking Center
Jennifer Tjelle
Lender
Dwight Banking Center
NMLS#: 579166
P: 815.584.1212
Lending Divisions
Mortgage, Personal
Email Jennifer Tjelle
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 Leala Eastman
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 Wendy Cantu
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 Jolene Efnor
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 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.
Choosing between a mortgage lender and broker - a homebuyer's guide!
The process of buying a home, whether you’re a repeat buyer or brand new one, can mean facing numerous questions you need answers to. One of the first questions you may face is whether you should work with a mortgage lender or a broker. It’s beneficial to understand the difference between these two and how a mortgage lender may be a better fit for your financial needs.
What is Mortgage Insurance and When is it Required?
When you’re financing a home, you’ll likely come across the term “mortgage insurance.” It’s easy to confuse this with homeowners’ insurance, but it’s vastly different from insuring your physical property. Instead, mortgage insurance is put in place for the sole purpose of protecting the lender in case you can’t make your mortgage payments as agreed.
6 Strategies to Pay off your Mortgage Faster
Paying off your mortgage faster may feel like a daunting goal, but it offers a wealth of benefits no matter when you achieve it.
How to get pre-qualified for a home loan and into your dream home
The homebuying process can be an exciting one, but potential homebuyers might not realize the critical role a loan pre-qualification can play. Getting pre-qualified for a home loan before you fall in love with a home can benefit you in multiple ways.
Mortgage loans and the home buying process
The home buying process can be a bit overwhelming, exciting and sometimes an emotional process. PNB is here to highlight key information and break down the steps of the process to help you feel informed and prepared to purchase your dream home!
