FBC Mortgage LLC is a U.S.-based residential mortgage lender known for offering a variety of home loan options serving both purchase and refinance needs, with recent rebranding activity indicated by the transition to Acrisure Mortgage LLC in some markets as of 2025. This page explores FBC Mortgage LLC’s offerings, key facts, eligibility criteria, and answers common questions for borrowers seeking clarity on its mortgage programs.
Who This Mortgage Is For
Homebuyers seeking fixed-rate or adjustable-rate mortgages for primary residences, second homes, or investment properties.
Borrowers interested in refinancing existing mortgages to take advantage of lower rates or access home equity.
First-time buyers and repeat owners; programs are suitable for a range of credit profiles depending on loan type.
Borrowers located in markets served by FBC Mortgage LLC, now also operating under Acrisure Mortgage LLC, especially in regions such as Huntsville, AL and Miami, FL.
Key Facts (At-a-Glance)
Item
Details
Loan Purpose
Purchase / Refinance / Cash-out.
Property & Occupancy
Primary, second home, or investment property; single-family, condo, and multi-unit options.
Rate Type
Fixed and adjustable-rate options (ARM); confirm structure with lender.
Term Length
Commonly 15–30 years; other length options may be available; “sample/illustrative”.
APR
Varies by applicant, loan product, and market; “sample/illustrative”.
Points & Credits
Discount points may be available for lower rates; “sample/illustrative”.
Down Payment
Typical minimums vary by program, such as conventional, FHA, VA (“sample/illustrative”).
Loan-to-Value (LTV)
Maximum LTV depends on loan type and occupancy; “varies by program”.
Debt-to-Income (DTI)
Typical caps depend on product and underwriting; “sample/illustrative”.
Mortgage Insurance
PMI for certain loans below 20% down, MIP for FHA; cancellable according to program rules.
Estimated based on property, loan size, and program; “sample/illustrative”.
Prepayment Penalty
Varies; confirm using official lender disclosures.
Rate Lock
Available; typical periods are 30–60 days; subject to lender terms.
Escrow
Taxes and homeowners insurance commonly escrowed; varies by loan product and state.
Pros
Wide selection of conventional and government-backed programs, allowing access to both fixed-rate mortgages and adjustables (ARM).
Online and branch availability in major markets, with dedicated support in regions like Huntsville, Alabama and Miami, Florida.
May offer lower down payments on FHA or VA loans (for qualifying applicants).
Potential lender credits to offset closing costs, depending on program and negotiation.
Refinance options available, including cash-out and rate-and-term structures.
Cons
Rates, fees, and program availability can fluctuate by location and borrower profile.
Mortgage insurance (PMI or MIP) required on certain loans, adding to costs.
Closing costs and appraisal fees can be significant, especially for refinances and jumbo loans.
Eligibility hurdles such as minimum credit scores, DTI/LTV limits, and property requirements must be met for approval.
Potential prepayment penalties on select products; always verify with lender before finalizing.
Costs, APR & Amortization
The nominal interest rate is the base rate charged, while the APR (annual percentage rate) factors in lender fees, origination costs, and discount points—offering a more realistic view of total loan cost.
Mortgage insurance (PMI/MIP) may apply for loans with low down payments or government-backed programs, and is often included in the monthly payment until equity targets are met or removed per program terms.
Escrow accounts frequently collect and pay property taxes and homeowners insurance, but these are not typically included in the APR calculation.
Total monthly payment includes principal, interest, and sometimes escrowed items; closing costs and points are paid at closing or rolled into the loan per program specifics.
Below is a “sample/illustrative” scenario to demonstrate typical costs and amortization components.
Example
Loan Amount
Rate
APR
Term
Monthly Principal & Interest
Total Paid
Sample Scenario
$300,000
6.25% (sample/illustrative)
6.41% (sample/illustrative)
30 years (sample/illustrative)
$1,847 (sample/illustrative)
$665,000 (sample/illustrative over full term)
Fixed vs Adjustable (ARM)
Fixed-rate mortgages offer predictable monthly principal and interest payments and long-term certainty, often favored by those who plan to stay in their home for many years.
Adjustable-rate mortgages (ARMs) provide lower initial rates for a set period (e.g., 5, 7, or 10 years), after which the rate resets periodically based on an index plus margin.
ARMs include rate caps (limits on periodic and lifetime rate increases), which protect against extreme payment shock.
Borrowers should assess their risk tolerance, expected tenure in the property, and market conditions before choosing between fixed and ARM options.
Eligibility, Underwriting & Documentation
Credit score requirements vary: typically, conventional loans require higher scores than FHA or VA programs; confirm minimums with FBC Mortgage LLC or Acrisure Mortgage LLC directly.
DTI (debt-to-income) and LTV (loan-to-value) ratios must meet program guidelines; stricter limits apply for jumbo or investment loans.
Verification of stable income, employment, and acceptable sources of down payment is required.
Collateral: full property appraisal is standard; appraisal waivers may be available for certain low-risk loans.
Loan approval depends on underwriter review of credit, income, assets, liabilities, and property condition/title; policies change by loan program and market.
Application, Disclosures & Closing Timeline
Start with pre-qualification or pre-approval to gauge loan options and strengthen purchase offers. Borrowers in the U.S. benefit from rate-shopping within a defined time window (typically 14–45 days on major credit scoring models).
The formal application triggers required disclosures. U.S. borrowers receive a Loan Estimate and later a Closing Disclosure detailing costs, terms, and payments. Reviewing these closely before signing is crucial.
Processing includes appraisal ordering, underwriting, and satisfaction of lender conditions. Upon “clear to close,” a final review and signing appointment occurs; the loan is funded and closed—typically in 30–45 days for most purchase loans.
Government-Backed & Special Programs
FBC Mortgage LLC and its successor Acrisure Mortgage LLC participate in several official government-backed programs, including FHA, VA, and USDA loans. These facilitate low or zero down payment options for qualifying applicants.
Program eligibility hinges on income, property location, and borrower status (veteran, rural, first-time buyer). Rules differ by program and can be checked via agency sites like HUD (FHA program), VA Home Loans, and USDA Rural Development.
Special down payment assistance and closing credits may be available regionally; confirm details on the lender’s or agency’s official pages.
Rate Locks, Points & When to Reprice
Borrowers may “lock in” their interest rate for a designated period to protect against rate fluctuations during processing (commonly 30–60 days).
Lock extensions or float-down options may be available for an added cost; terms must be clarified on official disclosures.
Paying discount points can lower the rate and APR, while lender credits can reduce upfront out-of-pocket closing costs by accepting a slightly higher rate.
Repricing may occur if credit, property, or loan details change before closing.
Refinance & Remortgage Options
Standard refinance (rate-and-term) allows replacing an existing mortgage to secure a lower rate, extend repayment, or remove mortgage insurance requirements.
Cash-out refinances enable tapping home equity for other financial needs, subject to new LTV and DTI restrictions.
FHA, VA, and USDA “streamlined” refinances offer reduced documentation and potentially lower costs for qualifying loans.
Calculate break-even on closing costs by dividing total fees by the expected monthly savings; official disclosures provide specific cost details for FBC Mortgage LLC loans.
Risks & Responsible Borrowing
Adjustable-rate borrowers face payment increases at reset; fixed-rate borrowers may pay more in initial years but gain long-term payment certainty.
Falling home values or overleveraging can result in negative equity and foreclosure risk if repayments lapse.
Responsible borrowing includes budgeting for insurance, taxes, and maintenance; ensuring a financial buffer for unexpected homeownership expenses.
Alternatives & Comparisons
Side-by-Side Comparison
Feature
FBC Mortgage LLC (now Acrisure Mortgage LLC)
Fixed-Rate Alternative
ARM/HELOC Alternative
Rate Type
Fixed or ARM, product-dependent
Fixed; predictable for life
Adjusts after fixed period; HELOC is fully variable
Down Payment
Varies—3%+ on select programs
Typically 5%+ for conventional
Depends on product; HELOC often 10%+
Insurance (PMI/MIP)
Required if <20% down; program-dependent
Required if <20% down
Often not applicable to HELOC; ARMs similar to fixed
Closing Costs
Sample: 2–5% of loan, varies
2–5% typical
HELOC lower upfront; ARM similar to fixed
Frequently Asked Questions
What types of loans does FBC Mortgage LLC (Acrisure Mortgage LLC) offer?
Conventional fixed-rate and ARM mortgages.
FHA, VA, and USDA government-backed loans.
Refinance and cash-out structures.
Has FBC Mortgage LLC changed its name?
Some FBC Mortgage operations have rebranded to Acrisure Mortgage LLC as of 2025 in select regions.
Check with your regional office for the current operating name and any implications for your application or servicing.
How do I confirm loan limits and eligibility?
Always verify current loan limits for your area via FHFA or the lender’s official disclosure pages.
Eligibility depends on loan type, credit, DTI, and property details—use official agency and lender resources for updates.
Conclusion & Next Steps
FBC Mortgage LLC (now known as Acrisure Mortgage LLC in some locations) provides a spectrum of mortgage products to suit diverse borrower needs, with options for both purchase and refinance, and access to government-backed programs.
This lender is best suited for buyers and owners wanting a direct, regionally present lender with broad product access and the ability to compare flexible rate structures.
Always review official disclosures and validate product eligibility, rates, and limits with the lender or relevant agency before making decisions.
Borrowers should compare alternatives such as fixed-rate, other ARM lenders, or HELOCs and assess costs, risks, and fit for their financial strategy.
