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Our Loan Types

You don’t have to be an expert. You just need to know what’s available.

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Proud To Help You Find the Best Loan Type For Your Future

At The Federal Savings Bank, we know that buying or refinancing your home may be overwhelming.

You have many options, and finding the right one is important for your future. But you don’t have to be an expert: you just need to work with one. Our team will help guide you to the loan that makes the most sense for you.

Find your home loan

No matter what your goals or dreams are, we provide a wide array of loan products – from FHA loans to VA, Construction, and more. Get ready to decide – find our types of home loans below!

Adjustable-Rate Mortgage

With an adjustable-rate mortgage (ARM), the interest rate you pay can change periodically throughout the life of the loan.

These loans are a good option for people who plan to move before the fixed adjustment period ends.

Learn more about our Adjustable- Rate Mortgages.

Fixed Rate Mortgage

A Fixed Rate Mortgage sets an interest rate that will not change throughout the term of the loan, even if interest rates go up or down.

You will always know exactly how much principal and interest is paid every month, which makes budgeting easy.

Learn more about our Fixed Rate Mortgage.

FHA Loans

FHA loans are available to homebuyers who have a small amount of cash saved for a down payment and those who have less than ideal credit.

These are generally considered great loans for first-time homebuyers and provide more flexibility.

Learn more about our FHA loans.

VA Home Loans

VA Loans are designed for those who have served our country and come with various options not available through other types of loans.

As a veteran-owned business, we understand your unique needs, and are ready to help you get what you deserve.

Learn more about our VA loans.

ITIN Home Loans

People who are not eligible to have a Social Security Number (SSN) endure constraints when they want to buy a home. However, if they have an Individual Tax Identification Number (ITIN), they become eligible for ITIN home loans.

Learn more about our ITIN loans.

Construction Home Loans

A construction loan can also be a good option for you if the homes for sale in your area don’t check all your boxes. You can build your dream home from the ground up or you can buy an existing home and make the needed additions or improvements.

Learn more about our Construction loans.

USDA Home Loans

USDA home loans can be used in eligible rural areas and the applicant must meet certain income criteria to qualify.

USDA home loans offer low interest rates and do not require a down payment. The requirements vary by region, depending on the county where the residence is located.


Reverse Mortgage Loan

The world of reverse mortgages has changed. These highly regulated loans help provide stability and security no matter your financial situation.

We’re proud to offer safe, practical, and easy-to-manage loans to all our clients.

Learn more about our Reverse Mortgages offering

Down Payment Assistance (DPA)

DPA programs are granted by state and local governments through organizations like ours. They help you pay for your down payment through a grant, but you must meet specific requirements determined by each program.

Learn more about DPA programs here.

This information is intended for educational purposes only. Products and interest rates subject to change without notice. Loan products are subject to credit approval and include terms and conditions, fees and other costs. Terms and conditions may apply. Property insurance is required on all loans secured by property. VA loan products are subject to VA eligibility requirements. Adjustable Rate Mortgage (ARM) interest rates and monthly payment are subject to adjustment. Upon submission of a full application, a mortgage banker will review and provide you with the terms, conditions, disclosures, and additional details on the interest rates that apply to you individual situation.

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We’re On Your Side.

Not sure which loan is right for you? Get in touch with our loan experts, to learn more. Start the process today and see how we can help.

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