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Mortgage Services
Mortgage services are different at FIRST FEDERAL. You know it
as soon as you meet us.
Individualized service, experienced mortgage professionals, custom loan options, competitive rates - expect all that and more when you place your confidence in First Federal. Trust your mortgage loan with community banking professionals that have been helping homeowners for decades.
Pre-qualification Services
Benefits from a Pre-qualified Mortgage
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Mortgage Lending Services
Fixed Rate Mortgage
If you plan to stay in your home for a while or want to lock into a good rate, secure a fixed interest rate and gain the security of stable monthly mortgage payments for the life of your loan. Our competitive rates and local processing give you the security and peace-of-mind you require.
Interest Only Mortgage
If your annual income fluctuates or you don't have the down-payment needed to secure a traditional mortgage, an Interest Only loan may be your best solution. Your payments are substantially lower since they apply only to interest expense and principal payments can be made when finances allow or at the end of the loan term.
Adjustable Rate Mortgage (ARM)
Consider an ARM to make your initial mortgage payments more affordable. Rates and payments are adjusted during the life of the loan based on market conditions. For your protection, built-in rate caps and margins limit allowable increases throughout the loan period.
Jumbo Loan
If your purchase requires a large mortgage, exceeding the standard limits defined by Fannie Mae and Freddie Mac, we can offer you a jumbo mortgage with either a fixed or adjustable rate.
Construction Loan
When building a new home, partner with First Federal Bank to provide construction financing. Our "one-time close" new home interest-only construction loan program helps to simplify the process from the time construction starts until your loan is converted and your permanent mortgage is funded. Gain the benefit of one set of loan documents, with no need to re-qualify or incur costs for a second closing!
Land Loan / Lot Loan
If you found the perfect property to build your future home or vacation property, a short-term land loan with a fixed or variable rate may be your best choice.
Home Equity Loan / Line of Credit
Expanding, remodeling or have a significant life expense? Use the equity in your home to meet large cash flow needs. You can borrow up to 90% of your equity at tax-deductable interest rates lower than standard credit card or bank loan rates.
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