Mortgage Loans

All of the Federation Bank loans include free WebBank internet banking and free automatic payments.  Please contact us for more information.

Construction Loans

Let Federation Bank help you build the home of your dreams.  You will find the process very easy and funds can be advanced as needed for construction expenses.  Once the home is complete, the loan will then be converted to long term financing.

First Mortgages

Federation Banks offers several options, including fixed-rate and balloon mortgages that are serviced here at your local bank.  Escrow is available to include your property taxes and homeowners insurance in your monthly payment.  We also offer secondary market mortgages.  Contact one of our lenders to discuss which option meets your financing needs.

Home Equity Loans

Whether you want to do that home improvement project, take a dream vacation, pay for medical or dental expenses, finance college tuition or consolidate debt, we can help you determine which product will best fit your needs:

A closed-end home equity loan will give you a set amount of money with a set payment amount, secured by the equity in your home.  Homeowners insurance is required.

  • Fixed interest rate with multiple year term options
  • Fixed monthly payment 
  • Credit available up to 95% of your combined loan-to-value
  • Interest may be tax deductible (Consult your tax advisor)

A home equity line of credit is a revolving line of credit, secured by the equity in your home.

  • Variable interest rate
  • Access funds as you need it, when you need it
  • Revolving line of credit
  • Monthly payment 1.25% of outstanding balance – with minimum payment of $100
  • Credit available up to 95% of your combined loan to value.
  • Interest may be tax deductible (Consult your tax advisor)
  • Funds can be advanced through internet banking transfers, telephone, or in person.