home mortgage loans
Toll Free Number

800-278-9435

Loan Professionals are waiting for your call
Local Phone: 208-733-4222
Toll Free Number

800-278-9435

Loan Professionals are waiting for your call
Local Phone: 208-733-4222

Loan Programs

Choosing a Loan Program
The right type of mortgage for you depends on many different factors.

Conventional Loans
Conventional loans are generally secured by government sponsored entities such as Fannie Mae and Freddie Mac or loans held in a lender's portfolio. Conventional loans can be made to purchase or refinance homes, single family to four family homes.

Fixed Rate Mortgages
A loan program where your monthly principal and interest payments never change.

Adjustable Rate Mortgages (ARMs)
These loans generally begin with an interest rate that is generally below a comparable fixed rate mortgage, and could allow you to buy a more expensive home.

Home Buyer Education
Buying a home is a big deal.  Do it right.

Introductory Rate ARMs
In certain markets, Adjustable Rate Loans (ARMs) may offer a low introductory rate or start rate. This start rate is for a limited time. As a rule, the lower the start rate is the shorter the time before the loan makes its first adjustment.

Standard ARMs and the Differences
Various types of adjustable rate mortgages.

Cost of Funds Index (COFI)
This index is used to determine the interest rate for some types of ARMs.

Interest Only Loans
"Interest only" products are a good way to save money and a popular alternative to traditional long term financing.  When loan funds are needed for a short-term, First Federal offers Interest Only loans for short-term; generally up to 12 months.

Graduated Payment Mortgages (GPMs)
The GPM is an alternative to the conventional adjustable rate mortgage, and has a fixed note rate and payment schedule.

Interest Rate Buydowns
In certain markets, Interest Rate Buydowns may be available. In general Buydowns this is how they work. Payments are reduced and figured on a lower interest rate over a specific term. The difference between the "real" note rate and the lowered interest rate is paid in cash by the seller or the buyer. The more common buydowns are 3-2-1 and 2-1.

Reverse Mortgages
A reverse mortgage is a special type of loan made to older homeowners to enable them to convert the equity in their home into cash.

Goverment Loans
 

Market News
Economic Calendar
Market Commentary

Refinance
Build Home Equity Fast
Should You Refinance?
Reverse Mortgages

Calculators
Figure Payment
How Much Can You Afford?
Buy Vs. Rent
Should I pay Points

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Contact Us
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Library
Appraisals
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FHA Loans
Home Buyer Education
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Second Mortgages
First Federal Savings Bank
383 Shoshone Street North
Twin Falls, ID 83301

Ph: 208-733-4222
Toll Free: 1-800-278-9435

Privacy | Terms Of Use | NMLS# 402963

FDIC          EHL

Market News
Economic Calendar
Market Commentary

Refinance
Build Home Equity Fast
Should You Refinance?
Reverse Mortgages

Calculators
Figure Payment
How Much Can You Afford?
Buy Vs. Rent
Should I pay Points

Our Company
Home
Contact Us
Full Company Website
About Our Company
Originator NMLS#'s

Library
Appraisals
Credit
FHA Loans
Home Buyer Education
Insurance
Second Mortgages
First Federal Savings Bank
383 Shoshone Street North
Twin Falls, ID 83301

Ph: 208-733-4222
Toll Free: 1-800-278-9435

Privacy | Terms Of Use | NMLS# 402963

FDIC          EHL