irst Federal is proud to offer the following loan products and services. The association is capable of accepting applications at any of its offices.

1 - 4 Single Family Residential Loans; 5 and Over Residential Loans; Construction Loans for Business and Private Residence

The desire for home ownership is often described as "the American Dream". Fewer needs, within this community as within other American communities, are more basic to the preservation of our standard of living. First Federal shares the dream of home ownership and is this communities leading lender in residential and home construction loans.

Housing Rehabilitation Loans

Within the community, there exist a number of older homes and buildings. This product is directed towards individuals who wish to refurbish these structures. Proceeds from this loan type could also be used for preservation of homes and buildings that have historical significance.

Small business loans secured by real estate; Commercial loans, secured by real estate

While First Federal is not a commercially oriented institution, it does recognize existing needs of entrepreneurs to build and fund business ventures. A business loan is offered to help meet those commercial needs within the association's area of expertise.

Community Development Loans

Community Development Loans meet a variety of needs to include the funding of affordable housing initiatives and business developments.

Building Lot Loans; Unimproved Property Loans

Unimproved property is normally less expensive than property with an existing structure. Therefore, less money is required for the down payment as well as other related loan fees. Because of the lesser amount, this credit offering permits individuals with limited funds to begin building all, or a portion, of a larger down payment for a proposed home.

Second Mortgage Loans

This product allows individuals to access their property's equity. Cash from a second mortgage can be used for a variety of wants and needs, such as home additions, furnishings, repairs and improvements, consumer goods, luxury items, transportation, recreation, and debt consolidation.

Home Equity Loans (Line of Credit)

Also like second mortgages, Home Equity Loans permit individuals to use the cash value built up in their real estate. This product includes features that allow reoccurring access to credit without the expense and inconvenience of additional loan requests. To draw upon a Home Equity Loan, a First Federal customer simply writes a check or visits a convenient office, and like the second mortgage, the proceeds are used at the customers discretion.

Consumer Loans; Single Payment Loans; Unsecured Loans

These loans satisfy many diverse, individual needs such as transportation, education and recreation, to name a few. Consumer loans are inexpensive to acquire and offer convenient repayment schedules.

Savings Account and Certificate of Deposit Loans

Borrowing against an established savings account provides an inexpensive alternative to other collateralized loans. This type of loan affords depositors access to funds without incurring a penalty associated with early withdrawal and the accumulated savings remains intact. In addition, borrowing against a savings account is a recommended means of establishing a credit file.