New York City Police Department

Buying or refinancing a home is one of the most important financial decisions you can make. The Homeownership Advantage Program (HAP) for all officers of New York City Police Department (NYPD) officers is here to help make your dream of homeownership a reality. This program offers reduced fees on purchases and refinances for active duty and retired NYPD officers buying or refinancing anywhere in the US. In addition, The Federal Savings Bank offers a series of free seminars to help you learn about a variety of homeownership issues related to budgeting, buying, remodeling, refinancing, and selling your home. Ready to get started – apply now!

Introducing Homeownership Advantage Program (HAP)

HAP is a mortgage benefit that provides you a service related to your home financing. Whether you are an aspiring or current homeowner you have access to:

  • A consultative approach tailored to your individual short and long-term home financing goals
  • Closing cost credits
  • Access to down payment assistance programs and other specialty loan programs not available through other banks
  • A full portfolio of loan products and programs to meet your needs
  • A dedicated team to guide you through the mortgage process from start to finish
  • Live and web based educational classes and seminars

Classes and Seminars

Working with The Federal Savings Bank means access to classes and seminars. We don't just want to be your lender, we want to be your overall financial solution. Classes and seminars offered include but are not limited to the following:

  • Keys to Homeownership
  • Why Refinance
  • Buying a Second Home vs. Investment Property
  • Understanding VA Home Loan Benefits
  • Home Equity Conversion Mortgages (HECM)


Not sure where to start and looking for more information. Download our some of helpful resource guides below. 

Guide to Mortgages

We are a veteran-owned, federally chartered bank with a focus on educating our customers about the mortgage process and providing opportunity for home ownership. With a large list of loan programs available to our bankers, we will find the loan that is right for you. This guide provides a step by step mortgage process that will make financing and building your home a worry-free experience.

First Time Home Buyer's Guide

Buying a home is one of the biggest decisions of your life. This guide will help explain what goes into a mortgage and define terms that you will hear throughout the process, so that you are an informed buyer when you find the perfect home! I am here to answer any mortgage questions you may have along the way and to provide a loan product that fits your needs.

Do's and Don'ts of the Mortgage Process

Understanding what to do and not to do in the mortgage process is vital to getting you to the closing table.

The Cost of Renting vs. Buying

Buying a Home is an Investment. You can build equity, take advantage of tax benefits, protect yourself against rent increases, and possibly watch the value of your home increase over the years.

Waiting Period Requirements

If you have experienced a derogatory event in the past learn about what the waiting requirements are for certain loan types based on the derogatory event. 

Apply Here!