Mortgage Banking 

First Federal is a mutual organization. That makes us different. We’re in this together, and helping our neighbors all around the Peninsula own homes is part of the reason we exist. How can we help? How can we make the experience better, faster, more convenient? We’re local; all the decision makers are right here on the Peninsula, and we understand your needs. You have a lot of home lending options at First Federal, and we’ll explore them with you—then put together the combination of terms and rate that fits you best.

Buying, refinancing or building  a home may be one of the most important financial decisions you make, whether you’re thinking of your first home, your dream home or a family vacation home. There are a lot of factors to think about, but you won’t have to do it alone. We can help you decide if a fixed or variable rate is better for you, whether a conventional mortgage or some of the alternative home loan options will work best.

Apply Online for a First Federal Home Loan!

Simply click here.

Conventional Fixed Rate Mortgages

Our long term, fixed rate mortgage is the traditional way to finance a home. The interest rate stays the same for the entire term of the mortgage, so your monthly principal and interest payment is always the same.

Adjustable Rate Mortgages (ARM)

With an Adjustable Rate Mortgage (ARM), your initial rate is lower than the rate on a fixed rate mortgage. This means lower monthly payments at first, a real savings that can help you offset the costs of your down payment, closing costs, moving expenses and other incidentals that are part of buying a new home. Depending on rate movements in general, the ARM may offer a lower cost over the life of the loan. First Federal ARMs feature caps which limit the amount your interest rate can change in a single year and over the life of the loan.

Land Loans are available for financing a future home site and property up to 20 acres.

Refinancing your home may be a very smart financial decision. First Federal can help with that, too. Again, we’ll look at the options and customize a loan that fits you best.

Low Down Payment Loan Programs offer an array of loans designed to meet the credit needs of low and moderate income residents as well as those who are first time home buyers to the real estate market. These loan programs feature a low down payment, making it easier than ever to own your own home.

With affordable monthly payment plans, home ownership is a reality for almost everyone. Talk with us today about the loan that fits you!

Home Equity Lines of Credit allow you to use the equity in your home to finance remodeling and home improvements as well as major purchases and unexpected expenses. The interest you pay on a Home Equity Line of Credit may be tax deductible, so consult your tax advisor. For more information and Home Equity Line of Credit application click here.

First Federal offers a variety of fixed and variable rate lending choices to meet a wide range of needs with personalized service that lets First Federal make banking simpler for you. We’ll help you take an honest, responsible look at your circumstances and develop a plan that helps you live comfortably in your own home. Talk with us about your mortgage options and let us help you come home to your dream home.