Mortgage Loan Center
Fixed Rate Mortgages | Federal Housing Administration (FHA) Loans
Adjustable Rate Mortgages (ARM) |
Construction-To-Permanent
Rural Development |
Home Equity Loans |
Loan Specials |
Rate Watch
Visit our online Mortgage Web Center
for a variety of resources, including mortgage calculators,
information on appraisals,
and more. You may also apply online,
which is the quick, easy way to get approved for a mortgage: just set up an online ID and password,
answer questions regarding your financing needs, select from loan options, and
provide loan-qualifying information.
All loans subject to specific qualification guidelines.
Fixed Rate Mortgage Loans
- May be used for purchase or refinance.
- Rate and payment remain stable for the life of the loan.
- Available in 10, 15, 20, or 30 year terms.
- Competitive rates.
- Interest may be tax deductible.*
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Federal Housing Administration (FHA) Loans
- Insured and administered by the U.S. Department of Housing and Urban Development (HUD).
- More flexible income, debt, and credit requirements than a conventional loan.
- Low down payment requirements.
- Low closing costs.
- Competitive rates.
- Not just for first-time homebuyers!
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Adjustable Rate Mortgage (ARM) Loans
- Typically offers a lower payment and interest rate at the start of the loan than traditional fixed rate loans.
- Rate may be fixed for 1 to 10 years; rate may adjust annually thereafter based on market conditions.
- Rate is tied to an independent, reported index and is capped for each interest adjustment period and the life of the loan.
- Interest may be tax deductible. *
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Construction-To-Permanent Loans
- Build the home of your choice.
- Same interest rate and one closing for both the construction loan and permanent loan.
- Pay closing costs once.
- Nine month construction period.
- Loan converts to permanent mortgage on last day of 9th month; interest on construction loan must be paid on that date.
- Maximum loan to value is 80% (based on cost of land plus cost of building home).
- Competitive rates.
- Interest may be tax deductible. *
Visit your nearest First Federal branch to complete an application.
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Rural Development Loans
- No down payment required.
- Favorable rates.
- No mortgage insurance required.
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Home Equity Loans
- Borrow a portion of a home’s equity – the difference between the current market value of the home and how much is owed.
- Use funds to purchase a new car, pay for home improvements or vacations, and more.
- Competitive rates.
- Interest may be tax deductible. *
Visit your nearest First Federal branch to complete an application.
*Consult your financial advisor for details.
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Loan Specials
First Federal occasionally offers special financing packages or discounts on closing costs. Contact a First Federal Loan Officer for details.
Rate Watch
You don’t have to monitor mortgage rates on a daily basis – let us do it for you. Sign up for Rate Watch, and you will receive an email when interest rates reach your goal. If you prefer, Rate Watch will email you rate information on a daily, weekly, or monthly basis for up to six months.
Submit My Insurance
If you have received a letter from the First Federal Bank Servicing Center requesting proof of insurance, submit your insurance information here.
Important Information about Procedures for Opening a New Account
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.
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