A Path to Homeownership
If you are a veteran, active-duty service member, or a surviving spouse of a veteran, you may be eligible for a VA loan with many benefits.
Benefits of a VA Loan:
- No down payment
- No private mortgage insurance (PMI)
- Competitive interest rates
- Flexible credit requirements
- VA guaranteed
Experienced loan officers to help guide you through the loan process.
Find your perfect mortgage loan officer today.
Resources for homebuyers.
Renting vs Owning
First Time Homebuyer
Coming home to make a difference.
How much will my mortgage save me in taxes?
How much can I borrow?
How much interest could I save by increasing my mortgage payment?
How much could I save with a 15-year mortgage?
How long will it take to break even on a mortgage refinance?
Should I buy points?
What will my monthly payment be?
Should I buy or rent a home?
How much will I need for a down payment?
VA loans require no down payment. However, there are many advantages to both small and large down payments including income tax benefits. Contact a Loan Officer today to provide you with all your options.
What is the difference between Pre-Approved and
Pre-Qualification is an informal estimation of what size mortgage the borrower may qualify for. Pre-Approval is a formal statement of the specific mortgage amount in which the borrower is approved for.
What if I am in the process of switching jobs?
Securing a mortgage during an employment transition is common. You need income that is reliable, stable, and likely to continue for at least 3 years. New positions require you to remain in the same field. Contact your First Federal Bank Loan Officer today to assist you with this process.