• The Smart Start Loan is for the Purchase, Refinance or Construction of a unique residential property.
  • Available for owner-occupied family residences or second homes.
  • Choose from any Adjustable Rate Program: 1/1, 3/1, 5/1 or 7/1 adjustment provisions with no prepayment penalty.
  • Maximum loan term is 30 years for stick built homes; 20 years for manufactured homes.
  • Maximum loan-to-value 95% for purchase and rate/term refinance; loan-to-value of 80% for construction and cash-out refinance.
  • Maximum loan amount is $400,000.
  • Secondary Financing is allowed under certain circumstances.
  • Down payments and closing costs can be gifted.
  • An excellent financing option for properties consisting of small living quarters attached to a garage, for cabin-type properties, geo-dome homes or when the improvements-to-land value is low.
  • Program allows borrowers to initially live on-site in garage or quest quarters prior to construction of their permanent home.
  • Adjustable rate index is established by the one year CMT as published weekly by the Federal Reserve. The rate adjustment margin is 3.0%. The rate is capped at 2.0% annually and 6.0% for lifetime on the 1/1 and 3/1 ARMs. The rate is capped at 2.0% annually and 5.0% for lifetime on the 5/1 ARM. The rate is capped at 5.0% annually and 5.0% for lifetime on the 7/1 ARM.
  • The periodic rate cap 2.0%.

*Items are subject to change

Apply Online

Connect with First Federal.

Find a Branch or ATM.

Go to the full map. »
Zoom Map
Live Chat
Chat with a local representative. »

Monday through Friday: 7am - 7pm

Saturday: 9am - 1pm


Monday through Friday: 7am - 7pm

Saturday: 9am - 1pm

(800) 800-1577

Report a Lost or Stolen VISA® Check Card
(800) 554-8969
  • First Federal Savings and Loan
    Routing # 325170848
  • Equal Housing Lender
  • FDIC
  • Digital Insight

© 2016 First Federal Savings and Loan. All rights reserved.