Contact Stacy Snyder. Mortgage Banking Consultant at FNB. 

Cell: 301-343-4433

1000 Bestgate Road, Annapolis , MD 21401

Botero Homes works with First National Bank (FNB) of Pennsylvania. The experience of working together has been excellent. During this team work, we have refined the procedures to make the process more efficient.

The Loan: Once Botero introduces the client to the Bank’s Vice President, they take care of guiding the client during the entire loan approval process.  While complying with all the new regulations imposed on banks after the 2008 crisis, they make it as simple and expeditious as possible.

Terms: The bank finances about 80% of the total cost of the project including the land acquisition. It is a 12 to 18 month construction loan. At the end of construction, the bank transforms the initial construction loan into a “permanent loan” over 20 to 30 years based on the need of the client. As Botero’s preferred lender, the bank provides the most competitive financing solutions for our clients.

The Building Process: The bank prepares a “Draw Schedule” to disburse the loan in tranches as the builder finishes every phase of construction. The bank sends an inspector that carefully verifies the construction stage. Once approved, the bank releases the draw to a particular bank account opened by Botero for the client. The last draw is conditioned to the county issuing the occupancy permit.

Requirements by the Bank: In order to formally process the loan, the bank requires that Botero send the construction contract and the architectural plans accompanied by the receipt of the initial deposit made by the client, which is 25%-35% of the cost of the construction, at the discretion of Botero Homes. Projects of more than $2,000,000, Botero may accept the deposit to be paid in two installments: (1) the first installment of 50% when the construction contract is signed, and (2) the second 50% at the time of closing of the loan. The second part of the deposit is sometimes financed by the bank.


Whether you’re building from the ground up or renovating a classic structure, FNB offers flexible, permanent financing options that can make that drome home a reality. First National Bank mortgage experts assist in selecting the financing option that’s best for you and work to ensure a smooth , simplified application process. 

Benefits of choosing FNB:

      • Single closing combines your construction and mortgage loans (saves time and money)
      • Competitive interest rates
      • Interest-only payments during construction (up to 12 months)
      • Interest rate is fixed at inception and during the construction period
      • Low down payment options available
      • Options for owner-occupied and second homes
      • Fixed Rate options up to 30 years
      • 15/1 and other adjustable Rate Mortgages available


FNB understands that physicians have unique financing needs, so they have created a specialized mortage program developed exlusively for professionals who hold an M.D., D.O., D.D.S., D.V.M. or D.M.D. degree. They will work within your busy schedule and their streamlined process lets you concentrate on what matters most – your patients, your pratice and the challenges of everyday life.

Physician Program Benefits:

      • Up to 100% financing available with no Private Mortgage Insurance (PMI)
      • Purchase, refinance or new construction
      • No title insurance required on mortgages up to $500,000
      • Mortgages up to $1.5 million available
      • Fixed rate mortgages up to 30 years
      • Adjustable rate mortgages also available
      • Second homes also qualify! (not availble for investment properties)


It’s the perfect spot. Perfect. And even though you’re not yet ready to build the home of your dreams, you need to act fast before someone else grabs the property. FNB can help.

Financing Benefits:

      • Available for new purchase or refinances (refinancing only available on existing FNB lot loans)
      • For undeveloped lots up to 5 acres
      • Maximum LTV is 75%
      • Terms: 3 Year Balloon with 30 year amoritization
      • Pre-qualification within 24 hours
      • Equity in property may be eligible for use as part of a construction loan down payment.


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