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Choosing
a good home loan used to be easy. Now there is a seemingly
endless choice of rates, terms and fees. It's good to
know that your First Federal Bank representative is someone
who will sit down with you and help you with your home
buying goals while working with your financial situation.
We help you get a mortgage that fits your budget and lifestyle.
At
First Federal Bank, we offer the following types of real
estate loans and services:
- Owner-occupied and Non Owner-occupied loans
- Residential Real Estate Loans
- Home Improvement Loans
- Home Equity Lines of Credit
- Construction Loans/Lot Loans
- First Time Homebuyer Programs
- Pre-qualification Programs
- Local Servicing
- Try our easy-to-use On-Line Loan Calculator
At First Federal Bank, one of our favorite jobs is helping people get into the homes they want.
We offer the following mortgage programs:
Adjustable Rate Mortgages
- Based on the 1yr U.S. Treasury Rate
- Rate is fixed for 1,3,5,7 or 10 years, then can adjust annually
- All property types
- 95% Loan-to Value
- Up to 360 months ammortization
- Rate Caps of 2% per adjustment and 6% lifetime.
Fixed Rate Mortgages
- All Property Types
- Maximum 100% Loan-to-Value
- Primary residence, second home, or investment property
- Cash-out refinances of primary residence only
Home Equity Lines of Credit
- Competitive rates
- Access to funds anytime with personalized checks
- Low monthly payments
- Interest may be tax-deductible (consult your tax advisor)
- Loan amounts from $5,000 to $100,000
- Maximum Loan-to-value 100%
For more information regarding our loan products or to set up an apointment please contact the First Federal Office nearest you.
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