Rates
| Rochester | 800-422-3372 | Winamac | 800-936-6199 |
| Elkhart | 800-251-2618 | Bremen | 800-546-5161 |
| Plymouth | 800-382-2664 | Mishawaka | 800-796-1711 |
Call any of our loan originators for rates any time.
No Origination Fee - $3,500 Point Cap excluding jumbos - Free Pre-Approvals
Mortgage Loan Interest Rates
Interest Rates and Annual Percentage Rates (APRs) are effective as of: 01/31/2012
| FIXED RATES | 0 points | APR * | 2 points | APR * |
|---|---|---|---|---|
| ARM RATES | 0 points | APR ** |
|---|---|---|
| FHA RATES | 0 points | APR ** |
|---|---|---|
FHA Mortgage Loan - A borrower does not have to have perfect credit to qualify for an FHA mortgage. And FHA has many options to help borrowers stay in their home and avoid foreclosure.
Interest rates are subject to change at anytime and may be subject to additional fees, including delivery fees, depending on the loan program selected, LTV, credit history, and additional underwriting characteristics.
Check rates on all our mortgage products listed below by calling any of our branch offices or loan originators.
- Construction loans
- Modular construction loans
- Blanket (bridge) loans
- Investment loans
- Closed end seconds
- 80-10-10 mortgage loans
- First Time Home Buyer (First Federal pays all standard closing costs)***
- Home equity loans
*APR = Annual Percentage Rate. The APRs shown are based on a $125,000 loan with an applicable down payment and the following estimated prepaid closing costs: Tax service fee $60, $300 application deposit (applied toward closing costs), $25 flood cert. fee, $250 document preparation fee, and 15 days of prepaid interest, which can vary depending upon the date of loan closing.
A Freddie Mac delivery fee may be applicable to your loan. Please contact one of our loan originators for further information and to determine how any delivery fees may impact your loan's annual percentage rate (APR).
**ARMs have a 5% or 6% lifetime cap. The estimated APR is based on an index, which is subject to change. The APR and the payments are subject to change on an annual
basis after the initial fixed-rate term. The initial interest rate will be in effect for the fixed term of the loan and is not based on the formula set forth in the loan contract. On the first change date, the rate cannot increase or decrease more than 2% for one-year ARMs, 3/1 ARMs and 5/1 ARMs, and 5% or 6% for 7/1 ARMs and 10/1 ARMs.
Deposit Interest Rates
Interest Rates and APYs are effective as of: 02/01/2012
Checking Accounts - $150 Minimum Opening
Deposit On All Interest-Bearing Checking Accounts
| INTEREST RATE | APY | |
|---|---|---|
| HOMEOWNER CHECKING | INTEREST RATE | APY |
|---|---|---|
| PREMIER CHECKING | INTEREST RATE | APY |
|---|---|---|
$150 Minimum Opening Deposit
| SAVINGS ACCOUNTS | INTEREST RATE | APY |
|---|---|---|
$2500 Minimum Opening Deposit
| MONEY MARKET | INTEREST RATE | APY |
|---|---|---|
$500 Minimum Opening Deposit
| CERTIFICATE OF DEPOSITS | INTEREST RATE | APY |
|---|---|---|
Variable Rates: The rate may change after the account is opened.
Fees could reduce the earnings on the account.
*Interest Rates And Annual Percentage Yields Disclosed Are Effective As Of This Date
**Annual Percentage Yields (APYs) are based on Monthly compounding. The interest rate and APY earned are calculated on your entire ending account balance each day. If this ending balance moves into a higher or lower tier, then the applicable interest rate and APY will calculate on that entire ending balance and will not be retroactive.
***Annual Percentage Yields (APYs) are based on Quarterly compounding for Regular Savings. Certificates also compound quarterly and the APY assumes that interest remains on deposit and any withdrawals will reduce earnings. We may impose a penalty if you withdraw any of the principal before the maturity date.
Please telephone 800-422-3372 for current terms and conditions on any First Federal account.
