First Federal: The first place to go for home loans

May 29, 2013 

First Federal: The First Place to Go for Home Loans

For nearly 80 years, First Federal Bank has been the first place that generations of families in Lee’s Summit have visited to build, buy, refinance and remodel their homes.

Today, homebuyers will find a wide range of low-cost loan options at First Federal Bank that few lenders can match.

The reason families depend on First Federal Bank for mortgage solutions is simple: First Federal is a true community bank, focused on helping customers become more financially successful through home ownership.

Unlike most banks, First Federal does not have an owner or stockholders. First Federal is a mutual bank, which means deposit customers “own” the bank. Simply put, First Federal Bank answers to the families that bank with them!

Because First Federal Bank is customer-focused, all of their products and services are designed to help individuals and families achieve their goals. “Helping people become home owners is our mission at First Federal,” said Eddie Brann, Vice President and Senior Mortgage Loan Officer. “This is probably one of the best times to buy a home I’ve seen in 30 years, and we have the mortgages families need to take advantage of this market.”

Homebuyers can use FHA loans to buy a home with a small down payment. The bank also offers conventional mortgages with as little as 5% required for a down payment.

First Federal Bank also has a unique loan program to help customers build a home, called Construction Plus. “For people interested in building a home, Construction Plus is a very convenient financing option. All a buyer has to do is pick a builder and a home design, and we take it from there,” said Brann.

In-addition to helping homebuyers, First Federal also helps homeowners take advantage of historically low rates to refinance their homes. “With our local loan processing, we make refinancing as easy as possible,” said Brann. Mortgage rates are hovering near 30-year lows, so it is a good time to consider refinancing.

As home sales increase, many homeowners consider home improvements to add to their home’s value. First Federal offers convenient and affordable Home Equity loans to finance remodeling projects.

Kim Thornton, Vice President and Banking Center Manager says they are getting more inquires about equity financing. “Many customers are ready to invest in remodeling projects that increase home values and their quality of life. Our equity financing options make that easy,” said Thornton.

Since 1934, First Federal Bank has been the first stop for families looking to build, buy, refinance or improve their homes. To learn how First Federal Bank can help you achieve your real estate goals, call today at 816-525-5626 or stop by their banking and home loan center at 50 Highway and Todd George Road in Lee’s Summit.

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