First Federal Bank mortgage

Written by: Kat Tretina
• Updated •2 min read
This date may not reflect recent changes in individual terms.
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In a Nutshell

First Federal Bank has several mortgage options for first-time homebuyers looking for low- or no-down-payment loans. But the lender provides limited information online. If you’re looking for greater transparency online or a digital mortgage experience, you may want to look elsewhere.
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First Federal Bank mortgages at a glance

Though First Federal Bank primarily operates in the Southeast, it offers a variety of home loans to customers nationwide.

Things to know about a First Federal Bank loan

It has several mortgage options

In addition to the commonly used conventional mortgages, First Federal Bank offers a handful of other home loans options.

Branches are only in certain states

Though First Federal Bank issues loans to customers nationwide, it only operates branches in a few states. The bank is based in Florida, with at least a couple dozen branches in the Southeast and operation centers in the Midwest.

The lack of a physical footprint may be frustrating for people who want to meet with a loan specialist in person and don’t live near a First Federal Bank branch.

It recently acquired the mortgage division from BNC National Bank

In June 2023, First Federal Bank acquired the mortgage division of BNC National Bank. Thanks to the acquisition, First Federal Bank took over servicing existing BNC mortgages.

Who is a First Federal Bank mortgage good for?

First Federal Bank’s mortgages are best for people who want personalized, in-person assistance and are shopping for a home in the Southeast.

It could also be a good match for people who have struggled to find financing for manufactured, modular or specialty homes. First Federal Bank offers a range of loan products for different property types, from manufactured homes to luxury mansions.

About the author: Kat Tretina is a personal finance writer with a master’s degree in communication studies from West Chester University of Pennsylvania. Obsessed with her many side hustles, she focuses on helping people pay down their … Read more.