Loan Rates

Single Family / Owner-Occupied Mortgage Rates

Loan TypeMax TermRatePointsAPR* Payment**
10 Year Fixed1 10 Years7.000%0.00%7.272%$1,161.08
6.750%1.00%7.251%$1,148.24
15 Year Fixed1 15 Years7.000%0.00%7.194%$898.83
6.750%1.00%7.107%$884.91
20 Year Fixed1 20 Years6.875%0.00%7.031%$767.81
6.625%1.00%6.910%$752.95
30 Year Fixed1 30 Years7.125%0.00%7.246%$673.72
6.875%1.00%7.095%$656.93
5 Year Easy Refi2 5 Years7.375%--7.375%$1,997.86
10 Year Easy Refi2 10 Years7.500%--7.500%$1,187.02
15 Year Easy Refi2 15 Years7.625%--7.625%$934.13
Home Ready Mortgage30 Years7.125%0.00%7.246%$673.72
6.875%1.00%7.095%$656.93
20 Year Millennia Mortgage20 Years7.875%0.00%8.037%$828.68
7.625%1.00%7.921%$813.25
30 Year Millennia Mortgage30 Years8.125%0.00%8.253%$742.50
7.875%1.00%8.109%$725.07
Turn-Key 3 30 Years7.000%0.00%7.120%$665.60
6.750%1.00%6.968%$648.60
Construction Loan3 30 Years7.000%0.00%7.115%$1,330.60
6.750%1.00%6.964%$1,297.20
Lot Loan4 5 Years7.000%0.00%7.144%$449.41
6.750%1.00%7.159%$442.45
Medical Professional30 Years7.000%0.00%7.120%$665.30
6.750%1.00%6.968%$648.60

The above Annual Percentage Rates (APR) assume a 20% down payment with a loan amount of $100,000 for the maximum term disclosed and closed on the last day of the month. Jumbo loans (above $766,550) may have different rates and terms. This will result in a different APR calculation. First Federal has several loan programs for first-time homebuyers and others who do not have or want to put at least 5% down. We also have loans for 2-4 family dwelling properties. Please contact a Loan Advisor for complete details.

There may be loan-level price adjustments that may affect the interest rate quote based upon certain eligibility or other loan features, such as credit score, loan purpose, loan to value, product type, etc.

*All rates and APRs are accurate as of 3/15/2024 and are subject to change without notice.

**Except where indicated, payments are monthly and based on a loan of $100,000. Payment does not include tax and insurance obligations, if applicable, the payment obligation will be greater.

1 These loans have a maximum loan-to-value (LTV) of 95%. LTV’s above 80% require Private Mortgage Insurance (PMI) which could increase the Annual Percentage Rate (APR).

2 Easy Refi is for a first lien product only. The $199 closing cost paid by the applicant(s) includes the fees for the Appraisal, Credit Report, Flood Certification, Tax Service Fee, Second Mortgage Report and Mortgage Recording Fee. Any additional fees are the responsibility of the applicant(s).

3 These loan’s APRs assume a 20% down payment with a loan amount of $200,000.

 4 This loan’s APR is based on a 20% down payment with a loan amount of $50,000.


Fixed Rate Home Equity Loans1

Max TermFixed Rate 2nd Lien,
No Closing Costs
Home Improvement
Loan 2nd Lien
APRAPR
5 Years8.250%8.250%
10 Years8.750%8.750%
15 Years9.250%9.750%
20 YearsN/A9.875%

1 Annual Percentage Rates are based on a loan amount of $25,000. Loan payment example: A 10 year home equity loan for $25,000 with an APR of 5.00% would be payable in 120 monthly payments of approximately $265.05. Payment does not include tax and insurance obligations, if applicable, the payment obligation will be greater. For loans over 80% Combined Loan to Value (CLTV), closing costs will be the responsibility of the borrower. These costs may include, but aren’t limited to: credit report, flood certification, title search, appraisal, and recording fees. Property insurance is required;if the collateral is determined to be in an area with special hazards, flood insurance will also be required.

Home Equity Line of Credit3

Max Term80% LTV1 90% LTV2
10 Years9.000% APR9.500% APR

All rates and APRs effective as of 3/15/2024 and are subject to change without notice.  HELOC rates are variable and adjust monthly.

1 Wall Street Journal Prime + 0.5%.

2 Wall Street Journal Prime + 1%.

3 Maximum APR will not exceed 18%. Third-party fees charged for opening this account generally total between $0 and $600. A $50 Annual Maintenance Fee will be due on the yearly anniversary of the opening date of the account. Property insurance is required; if the collateral is determined to be in an area with special hazards, flood insurance will also be required. Paying only your minimum monthly payment can result in a balloon payment due at maturity; the entire unpaid balance and any outstanding fees or charges will be due at that time. 

Auto Loans1

YearRate as low as* APR as low as*
2023-New6.250%7.060%
20226.500%7.312%
20216.750%7.562%
20207.000%7.814%
20197.250%8.065%
2018 & older7.750%8.567%

Boat, Motorcycle or RV Loans3

YearRate as low as* APR as low as* Max MSRP
New-20239.500%11.144%90%
202210.250%11.901%90%
202110.500%12.154%90%
202010.750%12.405%90%
201911.250%12.912%90%
2018 & Older11.750%13.417%90%

* Rates and APRs effective as of 3/15/2024 and are subject to change without notice.  Rates are subject to credit review at application. 

1 These rates and APRs assume a $20,000 loan amount. A $20,000 automobile loan at a 6.500% interest rate for 36 months with a $200 document preparation fee, a $35.00 VSI Insurance fee, and a $7.00 Digital Titling Fee will have an APR of 7.312% and a $613.14 monthly payment.

2 These rates and APRs assume a $5,000 loan amount. A $5,000 unsecured installment loan at a 15.25% interest rate for 36 months with a $200 document preparation fee will have an APR of 18.06% and a monthly payment of $173.94.

3 These rates and APRS assume a $10,000 loan amount. A $10,000 Boat, Motorcycle or RV loan at an interest rate of 9.750% for 36 months with a $200 document preparation fee, a $35.00 VSI Insurance fee, and a $7.00 Digital Titling Fee will have an APR of 11.396% and a monthly payment of $321.98.


 

Loans are subject to credit and collateral approval.

Contact a banking center nearest you for more information.