First Keystone Bank - Chester, PA

First Keystone Bank
23 East Fifth Street
Chester, PA 19013
(610) 876-8131 (tel)
(610) 876-7168 (fax)

First Keystone Bank first opened its doors in Chester, Pennsylvania in the 1880s, as a building and loan association whose primary purpose was to enable families to purchase farmland and build homes. At that time, Delaware County was the heart of the region's marketplace, with textile, flour and lumber mills thriving and the industrial waterfront in the City of Chester providing access to goods and services to both nearby communities and the outlying counties of Pennsylvania and Delaware.

As times and technology have changed, so has First Keystone, and today we provide retail and commercial customers with a wide variety of business delivery channels, from traditional teller and personal courier services to online banking and cash management. Our eight full-service branches in Delaware and Chester Counties offer convenience, excellent customer service, and a wide range of products and services aimed to meet the needs of a rapidly developing marketplace.

Whether you are looking for competitive CD rates, assistance in starting up your own business or a home equity loan for that long-anticipated addition, First Keystone Bank can help. Our branches, Administrative Office and Lending Department are staffed with qualified, experienced professionals who look forward to working with you to achieve your goals. At First Keystone, our customers always come first, and that is our cornerstone. Thank you for the trust you place in us.

Here at First Keystone Bank, we believe applying for a mortgage doesn't have to be complicated.

We offer a variety of home mortgage options to meet your individual needs. Our loan officers recognize buying a home can be the most important purchase of your life, and will spend as much time as you need to review all of your mortgage options.

Our rates compete with any mortgage lender! Plus, you will know who you are working with throughout all aspects of the loan process--including application, underwriting, and servicing. You make your mortgage payment directly to First Keystone Bank and not to some unknown bank or mortgage company.

Residential Loans

* Fixed Rates
We offer fixed rate mortgages with a variety of terms at very competitive rates.
* Adjustable
We offer three and five year adjustable rate loans based on fifteen and thirty year terms where the initial rate is usually priced below treasury rates. After the initial term, it then adjusts annually based on a government security index plus a margin.
* Balloon
We offer five and seven year balloon loans. The interest and principal payments are based on a 30 year amortization term, and all principal is due at the end of the balloon period, unless a conditional right to refinance is enacted.
* Bi-Weekly
This option is only available on fifteen year fixed rate loans. The biweekly mortgage requires a payment every two weeks. Each payment is half the amount of a regular monthly payment. The 26 biweekly payments are equivalent to 13 monthly payments a year. This method of payment greatly reduces the principal of the loan, and therefore, can significantly reduce the amount of interest paid.

Equity Loans

First Keystone Bank provides home equity loans up to 80 percent of the value of your home. Our rates are very competitive and flexible term options are available. These loans let you turn equity into cash that can be used for any personal reasons such as home improvement, vacations, tuition, investment, or debt consolidation.

* Equity Booster Loans - This loan is designed to help you make substantial improvements when the existing equity in your home is not sufficient to support a loan for the entire amount of the proposed improvement. The maximum loan amount is based on the value of your home after the improvements are completed.
* Equity Line of Credit - This type of loan may be used for any purpose: business, tuition, home improvements, credit cards, purchasing a car, etc. The entire amount of the loan may be accessed, or portions of the loan may be used on an as needed basis. The interest is paid only on the portion of the loan used and the rate of interest is adjustable with a rate cap for your protection.

Construction Loans

First Keystone can provide you with the cash you need to get your construction project underway. We're one of the leading residential construction lenders in southeast Pennsylvania as a result of our reputation for fast processing, excellent rates and quality service. (Business Construction Loans)

We offer:

* Builder acquisition, development and/or construction loans
* Residential housing loans
* Builder speculative loans
* Ground loans for future residences and for builder speculation