First National Bank expands affordable mortgage programs

FNB Strengthens Commitments to Low-to-Middle Income Communities and Economic Equality with New Refinance Programs and Increased Closing Cost Assistance Offered Through eStore and convenient locations

PITTSBURGH, March 22, 2022 /PRNewswire/ — First National Bank, the largest subsidiary of FNB Corporation (NYSE: FNB), today announced that it has expanded its affordable mortgage offerings with two new refinancing programs, Fannie Mae RefiNow™ and Freddie Mac Refi PossibleSM. Available to homeowners with an income at or below the Regional Median Income (AMI) for their market, these specialized programs make it more accessible and affordable to refinance a current Fannie Mae or Freddie Mac mortgage at a lower rate and lower payment. , while also offering credit of up to $500 to cover expert fees.

The new refinance programs add to the suite of affordable mortgage programs available to consumers across FNB’s footprint, including its proprietary Affordable Homeownership and Home Improvement and Rehabilitation programs. of habitat. FNB is also increasing its closing cost assistance grant to $5,000 in April 2022advancing its commitment to borrowers who have low to moderate income or who are buying a home in a low to moderate income (LMI) community.

“We continue to enhance our affordable mortgage offerings with new programs and increased digital access through eStore as part of our ongoing commitment to providing solutions and education that make homeownership accessible to more families. “, said Joseph CartillonExecutive Vice President and Director of Mortgage Services.

The Closing Cost Assistance Grant further builds on FNB’s overarching focus on promoting economic equality as the majority of IMT areas where it is available include historically underserved minority communities. The grant is currently offered in Pittsburgh, Pennsylvania; Johnstown, Pennsylvania; Harrisburg, Pennsylvania; Cleveland, Ohio; Youngstown, Ohio; Baltimore, MD; Raleigh, North Carolina; Charlotte, North Carolina; Winston-Salem, North Carolina; and Charleston, South Carolinawith additional market projects to consider in the future.

FNB’s growing affordable mortgage programs align with its broader mission to improve the quality of life in the communities it serves. As part of its efforts, FNB continues to focus on improving access to banking services and resources, including financial literacy and an evolving product line.

Clients can digitally access FNB mortgage products and services, participate in financial education content, and easily schedule an appointment to speak with an FNB mortgage expert through the Bank’s proprietary system. eStore™ at fnb-online.com/eStore or in the FNB Direct Mobile Banking app. To view the full eligibility requirements for RefiNow and Refi Possible, please contact an FNB mortgage representative or visit the Fannie Mae or Freddie Mac websites.

About FNB Corporation
FNB Corporation (NYSE: FNB), headquartered in Pittsburgh, Pennsylvaniais a diversified financial services company operating in seven states and the District of Colombia. ETF market coverage spans several major metropolitan areas, including: Pittsburgh, Pennsylvania; Baltimore, Maryland; Cleveland, Ohio; washington d.c.; Charlotte, Raleigh, Durham and the Piedmont Triad (Winston Salem, Greensboro and high point) in North Carolina; and Charleston, South Carolina. The Company has total assets of approximately $42 billion and over 340 banking offices across Pennsylvania, Ohio, Maryland, West Virginia, North Carolina, Caroline from the south, washington d.c. and Virginia.

FNB offers a full range of business banking, consumer banking and wealth management solutions through its branch network led by its largest subsidiary, First National Bank of Pennsylvania, founded in 1864. Commercial banking solutions include corporate banking, small business banking, real estate investment finance, government banking, corporate credit, capital markets and credit finance- lease. The consumer banking segment offers a full range of consumer banking products and services, including deposit products, mortgages, consumer loans and a full range of mobile and online banking services. FNB’s wealth management services include asset management, private banking and insurance.

Common stock of FNB Corporation trades on the New York Stock Exchange under the symbol “FNB” and is included in Standard & Poor’s MidCap 400 Index along with the Global Industry Classification Standard (GICS) Regional Banks Sub-Industry Index. Customers, shareholders and investors can learn more about this regional financial institution by visiting the FNB Corporation website at www.fnbcorporation.com.

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