1. Lock in Your Interest Rate
   When you get a fixed rate loan from Abbeville First, the interest rate (the percentage you pay your lender in exchange for the loan) that you qualify for at the time of closing remains the same throughout the life of the loan. This means that even if interest rates increase, your mortgage payment stays the same every month.
   For families or individuals on a budget, this is a huge benefit of having a fixed rate loan. When you know exactly what you’re paying each month, budgeting and building a savings becomes easier.
2. Transparent Loan Terms
   Many buyers opt for fixed rate loans due to their easy-to-understand terms and conditions. When shopping for a mortgage, a lot of the terms you’ll hear may sound overwhelming if you’re not familiar with the industry.
   Fixed rate loans are upfront with their terms and repayment schedule, and often come with an amortization schedule at closing. This schedule outlines each month’s payment, how much will be allocated towards principal (the original amount that you borrow) and interest, and exactly how much longer it will take to pay off the loan.
3. Pay Towards Principal
   Since Abbeville First Bank doesn’t have any prepayment penalties, you have the option of paying extra money towards your principal each month. Even an amount as small as an extra $10.00 per month can help you make huge strides towards taking months, or even years, off your mortgage.

Ready to take the next step? Get pre-qualified for a Fixed Rate Mortgage today!

As of May 11th our lobby has been open for regular business. To ensure the safety of our customers and employees we are using the following guidelines:

Abbeville Main Office

• • 9:00 to 9:30 lobby opened only for customers age 60 & older and those at high risk
  • All Frontline employees will be wearing a mask
  • All customers are encouraged to wear a mask (Disposable masks are available)
  • All customers will be asked sanitize their hands when entering
  • All customers will follow social distancing measures (floor markings)
  • No more than four customers will be allowed in lobby at a time

Calhoun Falls Branch

Lobby will remain closed

We at Abbeville First Bank understand the concerns, worries and stress everyone is feeling in the community.  We are right here with you.  We all need to do our part to try to “Flatten the Curve”.  We ask our customers to limit their lobby visits by using our Drive-Thrus, ATMs (disinfected often), and online banking at our Online Services Page.

To help alleviate the stress, upon request we will defer the loan payments on any small business loans for the month of April and May.  If you have a consumer or mortgage loan and you have had a significant loss of income due to the virus crisis, we will defer your April and May payments upon request. Just call and ask.

Abbeville First’s only concern is the well-being of the community it serves, Abbeville.  We ask everyone to do their part: following the advice of the Centers for Disease Control, limit your exposure, check on your neighbors, and pray for a speedy recovery of our community, state, and nation.

Abbeville First is proud to support the many great organizations we have serving the needs of our community. Among those great local organizations Operation Impact has proven to be a star. We’re happy to support the ongoing ministries that they provide to Abbeville County with a donation of $1,000.00.

We would like to welcome Selena Belcher as the newest member of our team. Selena joins us as our new teller in the Calhoun Falls Office. She is new to banking and comes to AFB from Bilo where she has worked for the past 15 years. Selena trained at the Abbeville office for the past couple weeks and started at the Calhoun Falls office this week. Stop by and say hello to Selena when you’re at the Calhoun Falls office and make her feel welcome as a new member of the AFB family.