Building Better Communities

We celebrated National Homeownership Month by supporting our community with volunteers and providing home-buying tips.

GIVING BACK DURING NATIONAL HOMEOWNERSHIP MONTH

First Federal Bank & First Insurance Group1 recognize the many benefits of homeownership for families and our communities. That's why we celebrated National Homeownership Month by challenging all of our employees to work together to reach our goal of volunteering 500 hours with organizations that help build better communities. We are excited to announce that we exceeded our goal and volunteered a total of 597 hours during the month of June. Watch us in action below!

 

Total hours donated: 597

Special thanks to these amazing organizations for supporting our cause and giving us the opportunity to make a difference:

HELPFUL RESOURCES FOR EVERY STAGE OF BUYING

Whether you're crunching the numbers for your home buying budget, buying your first home or shopping for a house, First Federal Bank is here to help. Browse through our helpful homebuying tools and tips below.

 

 

Home Buying Tips

  • Link to video testimonial of Save for a Down Payment

    Start saving now for a down payment – while special programs with lower down payment options may be available, a traditional mortgage requires a 20% down payment of the home’s purchase price.

  • Link to video testimonial of Determine a Monthly Payment Budget

    We recommend spending below 30% of your gross income on your monthly mortgage payment.

  • Link to video testimonial of Know the Homebuying Process

    Understand the fundamental steps to buying a home before you get started with this helpful infographic.

  • Link to video testimonial of Get Pre-Approved or Pre-Qualified First

    Understand your home buying budget and show sellers you’re serious by getting pre-qualified and/or pre-approved.

  • Link to video testimonial of Connect with a Local Lender

    Find a lender that offers more than just a low-interest rate so that buying a home is as easy and stress-free as possible.

  • Link to video testimonial of Use our Interactive Comparison Tool

    Keeping track of details after multiple home showings can be tough. Use our home comparison tool to help as you shop.

  • Link to video testimonial of Check your Credit

    Credit is one of the key factors in the approval decision and may determine your interest rate. Find out your score as a first step.

  • Link to video testimonial of Explore Your Options

    As a ­first-time homebuyer, you have access state and federal programs that specifically help with the down payment, some as low as only 2.5%–5% down vs. 20%.

  • Link to video testimonial of Use Your Resources

    From figuring out how much you can afford to finding the best solutions, there are a lot of helpful articles and tips for first-time homebuyers to get you moving.  

  • Link to video testimonial of Budget in Closing Costs

    Beyond the down payment, you will still need to add 2-5% of your loan amount in closing costs into your budget.

  • Link to video testimonial of Get the Best Rate

    In addition to finding the best interest rates, decide if a fixed or adjustable rate mortgage is right for you depending on your needs for predictability or flexibility.

  • Link to video testimonial of Determine Your Payoff

    Compare a 15-year vs a 30-year mortgage to determine which makes the most sense for you based on long term savings, projected monthly payments and more.

READY TO APPLY FOR A MORTGAGE?

Contact us for more information, apply for a mortgage online, or find your local First Federal Bank lender.

To find a First Federal mortgage specialist in your neighborhood, please select the city closest to you:

STAY POSTED

Thanks for following along with us on social media as our teams lend a helping hand to homeowners in the community.

 

 

1Not FDIC Insured. Not a Deposit. May Lose Value. Not Guaranteed by the Bank. Not Insured by Any Federal Government Agency.