News

Welcome to our newest educational content, Mortgage Guide, focused on enhancing your financial well-being! We are excited to debut this multi-blog series to hopefully help our customers and friends who are considering a home purchase. With mortgage rates continuing to remain unpredictable, coupled with home availability and price concerns, it can seem that buying a new home is out of reach. We are here to guide you and make what might seem impossible, possible, even in the current market. 

 

Our first installment of Mortgage Guide is “Why First Federal?” which will set a foundation for the rest of our series. Some readers already know us well and are loyal customers - we thank you. However, if you’ve never utilized First Fed for a home purchase or it has been a while, we hope this blog is an introduction to a long-term home buying partnership (as well as other banking needs).

 

Choosing your mortgage loan provider is almost as important as choosing your home. First Federal Bank has the professionals and expertise you want from your mortgage lender. We’ve actually been helping home buying dreams come true for over a century!

Rates and Fees 
The rate of your mortgage is a significant factor to your financial well-being. Our lending team frequently compares our rates with others in the market to ensure First Fed remains highly competitive. In addition, First Fed mortgage fees are routinely some of the lowest in the area.

Timely Closings
98% of our home purchase loans close on or before the contract date.* We proudly track and report these numbers to show our success to the realtors/builders we work with, ensuring peace of mind for a successful closing process.

Communication and Positive Google Reviews
Reviews and customer feedback highlight how well we communicate with buyers and realtors throughout the loan process. Strong communication is key, and we customize our communication to fit the needs of your realtor, builder, and you.

Loan Products
We offer a wide range of mortgage loan products. Our Mortgage Loan Professionals work closely with you to find the right product that fits your situation. From first-time homebuyers to building the home of your dreams, we have the options to match your needs. 

Local Presence
First Federal Bank is an Idaho community bank with local underwriting, processing, and closing. The communities we serve appreciate that we live and work here and understand the needs of our fellow Idahoans. As the Gem State's only mutual bank (with no shareholders or majority owners), we have one mission: to enhance the well-being of our customers and the areas we serve.

Knowledge and Collaboration
Our Mortgage Loan Professionals are knowledgeable and have many years of experience in the industry. Also, when you are a customer at First Fed, multiple teams work on your behalf behind the scenes, ensuring your satisfaction and success. So, you can rest assured and have confidence that a collection of experts are focused on fulfilling your dream.

We hope you choose First Federal Bank as your home loan partner!

 

*Contracts executed before scheduled closing dates on purchases from January 1, 2024, to October 30, 2024.

Member FDIC | Equal Housing Lender | Institution NMLS #402963
All credit products subject to approval.