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First Federal locations - Hammond and Highland Indiana

 

FDIC

Equal Housing Lender

Mortgage Loans

***Mortgage Loans are only considered for properties located in the Northwest Indiana region***

When we say we are a local financial institution ... we mean it! Unlike so many other mortgage lenders who "sell" their mortgages to agencies around the country, all of our mortgage loans are currently serviced right here at First Federal. Borrow here! Pay here! Talk face-to-face here!

Fixed Rate Mortgage
Lock in an interest rate for the life of your loan. We offer 5, 10, 15, 20 and 30 year repayment programs.

Adjustable Rate Mortgages (ARM)
The interest rate is fixed for the program term you choose and may adjust every year thereafter depending on the market conditions. We offer 1/1, 3/1, 5/1 and 7/1 ARM Loan programs (a 1/1 ARM indicates a fixed interest rate for 1 year and potential adjustments annually thereafter; a 3/1 ARM has a fixed interest rate for 3 years with potential adjustments every year thereafter, etc.)

Mortgage Products

Purchase
When you decide on that home of your dreams and can't wait to move in, First Federal can assist with quick service, competitive interest rates and low closing costs.

Refinance
Do you scratch your head when the interest rate on your current mortgage is higher than the mortgages offered today? A refinance loan can payoff your existing mortgage and provide cash up to 80% of your equity.

Construction
If you choose to build your new home rather than purchase an existing house, First Federal is here to discuss how we might help. Proceeds will be disbursed up to 3 draws and you get 9 months to complete the home after the first draw. And, if you get your end loan from First Federal, you'll save on closing costs.

Investment Property
We do not offer Non-Owner Occupied loans at this time.

 

Interest Rates and Programs

We are a proud
member of:


Federal Home Loan Bank of Indianapolis

 


Indiana Bankers Association
Indiana Bankers Association



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