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Single Family / Owner-Occupied Mortgage Rates
Call for modification and non-conforming loan rates. All rates and APRs are accurate as of 8/27/08 and subject to change without notice. Stop by the branch office nearest you, call or e-mail a Mortgage Loan Officer for more information about these and other loan programs we have available. 1 These loans have a maximum Loan-to-Value (LTV) of 95%. LTV's above 80% require Private Mortgage Insurance (PMI) which could increase the Annual Percentage Rate (APR). 2 These loans have a 2% annual and 6% lifetime cap. When the interest rate adjusts, it will adjust to the 1-year Treasury bill rate plus 2.75% with a maximum adjustment of 2% per year. The original interest rate will be the floor rate. 3 If First Federal Savings Bank finances the construction loan, the point paid on the lot loan will be rebated back on the closing cost of the construction loan. 4 For new conforming loan applications only. The above Annual Percentage Rates (APR) assume a 20% down payment with a loan amount of $100,000 for the maximum term disclosed and closed on the last day of the month. Jumbo Loans (above $417,000) may have different rates and terms. This will result in a different APR calculation. In order to guarantee these rates a complete application must be submitted and a Rate-Lock Agreement must be signed. First Federal has several loan programs for first-time home buyers and others who do not have or want to put at least 5% down. We also have loans for 2-4 family dwelling properties. Please contact a Mortgage Loan Officer for complete details. The information listed here is meant to be a summary. Please contact us for a complete disclosure. 
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