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Our Heroes: Our Priority

Honoring Those Who Serve

The Federal Savings Bank is owned and operated by veterans with a mission to help serve veterans. Most members of our executive leadership team and many of our employees have also served our country and know from experience that the transition from soldier to civilian means having a place to be able to call "home". Since buying a home is the biggest purchase of someone's life, we want to make sure that veterans are aware of the options and benefits available to them.

What is a VA home loan?

Designed for veterans, active-duty military service members and their families who would like to buy a home, the VA home loan is guaranteed by the U.S. Department of Veterans Affairs and often offers fewer restrictions than other types of mortgages. VA home loans have no down payment, no private mortgage insurance (PMI), and competitive rates. With the VA home loan option, qualified veterans or active duty personnel can finance up to 100% of the purchase price of their home. For that reason, The Federal Savings Bank can offer a low interest rate, regardless of the down payment amount, with no private mortgage insurance payments.*

Key Things to Remember

  • VA home loans have no down payment, no PMI*, low interest rates and usually easier qualification terms.
  • Veterans can use basic allowance for housing to pay some or all of their monthly mortgage costs.
  • The VA home loan allows borrowers to pay off their home loan at any point without having to worry about a pre-payment penalty.
  • Veterans with conventional home loans now have the option to refinance to a VA home loan, often for a lower rate than a typical refinance.

Popular Among:

  • Veterans
  • Active duty personnel
  • Reservists/National Guard members
  • Qualified surviving spouses

To learn more about which loan option is best for you, call to speak with one of our expert mortgage bankers or if you're ready, get started today. We’re here to provide you with a clear path to home ownership!

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*VA loans do have a funding fee.  The funding fee may be waived if you have a disability.  Ask your banker for more information