First Federal Bank, A Federal Savings Bank 2

NMLS#

416044

About

First Federal Bank, A Federal Savings Bank 2

At First Federal Bank, A Federal Savings Bank, we are committed to assisting you throughout your homeownership journey. As an Equal Housing Lender and Member FDIC, we prioritize providing support and guidance at every step. Our team, led by Daniel Pate (NMLS #416044), a trusted Loan Originator, is available to address any questions or concerns you may have. You can reach out to Daniel Pate directly via email at dpate@1stfed.com or by calling his cell at (205) 393-1888. We adhere to industry regulations and maintain transparency through our Terms & Conditions and Privacy Policy. Trust First Federal Bank (NMLS #410785) for reliable lending services.

Loan programs at

First Federal Bank, A Federal Savings Bank 2

- Conventional Loan Program:

- Description: This program provides traditional mortgage options to borrowers with good credit and stable income.

- Eligibility: Borrowers with sufficient down payment and a good credit score.

- FHA Loan Program:

- Description: This program offers government-backed mortgages that allow borrowers to purchase a home with a lower down payment and flexible credit requirements.

- Eligibility: Borrowers with a credit score of 580 or higher and a down payment as low as 3.5%.

- VA Loan Program:

- Description: This program is exclusively for active-duty service members, veterans, and eligible surviving spouses, providing them with mortgage options that require no down payment and offer competitive interest rates.

- Eligibility: Active-duty service members, veterans, and eligible surviving spouses.

- USDA Loan Program:

- Description: This program assists borrowers in rural areas by offering mortgages with no down payment requirement and lower interest rates.

- Eligibility: Borrowers who meet the income and property location requirements set by the USDA.

- Jumbo Loan Program:

- Description: This program caters to borrowers seeking to finance higher-priced properties beyond conforming loan limits.

- Eligibility: Borrowers with good credit and a higher income who plan to finance a property above the conventional loan limits.

- 203k Renovation Loan Program:

- Description: This program provides financing for both the purchase of a home and the cost of renovations or repairs.

- Eligibility: Borrowers looking to purchase a property in need of renovation or repair.

- Construction Loan Program:

- Description: This program supports borrowers who are building their dream home by providing financing during the construction phase.