If you need a fixed rate due to a fixed budget, then a Fixed Rate Loan is what you are looking for. The principal and interest payments on a Fixed Rate Loan remain the same during the entire term of the loan. Fixed Rate Loans come with your choice of a 10, 15, 20 or 30 year term. Fixed Rate Loans can be made with a loan-to-value of up to 97%. Private mortgage insurance is required for loans exceeding 80% loan-to-value. The maximum amount for a Fixed Rate Loan is $453,100.


Federal Housing Administration Loans or FHA Loans are Government insured loans with low down payments and low closing costs. A FHA Loan assists with the purchase of your first home with a maximum LTV of 96.5%.*


VA loans help Service members, Veterans and eligible surviving spouses with a Certificate of Eligibility become homeowners with no down payment required.*


USDA Loans, or Rural Housing Loans, are government funded loans available to low, to moderate income households to help you obtain homeownership. Applicants may obtain up to 100% financing to purchase a single family dwelling home that is located in a designated rural area, as defined by the Rural Housing Service Office.*


Swing Loans are designed to assist homeowners in financing the purchase or construction of a new single-family, owner occupied home while still in the process of selling their existing home. A First Federal Swing Loan pays off your existing mortgage loan(s) and provides equity from your existing home to purchase or construct your new home all in one loan.

Terms and conditions

  • Loan-to-value maximum is 80%
  • Loan amount maximum is $200,000
  • Loan term maximum is 6 months
  • Principal and interest are due at the end of the six-month term
  • The existing home must be listed for sale
  • First Federal must finance the new home


Lot Loans provide financing for the purchase of an unimproved residential building lot for the purpose of building a single-family owner occupied dwelling.

Terms and conditions

  • Loan term maximum is 5 years
  • The building lot financed must be 5 acres or less
  • 15 year amortization
  • Loan-to-value maximum is 75% of the lessor of purchase price or appraised value
  • Loan amount maximum is $100,000


All mortgage loans over $453,100 are considered Jumbo Loans. A Jumbo Loan can be used for the purchase, refinance or construction of a single family, owner occupied home. Jumbo Loans are  Fixed Rate Loans and are limited to a maximum loan-to-value of 70%.


Our Home Ready First Mortgage plan provides first-time home buyers with up to $8,000 in matching funds of the borrower’s own funds toward your down payment and closing costs. To qualify for the Home Ready First Mortgage, the homebuyer must have household income that is equal to or less than 80% of the area median income adjusted for family size. First-time home buyers must complete education classes and contribute 3% of their own funds. Funds are available on a first-come, first-served basis.

*We offer government financing options for FHA, VA and USDA through an investor with servicing released programs.