Features

Where does The Federal Savings Bank do business?

The Federal Savings Bank is based in Chicago, IL. The company was founded in 2011 and offers mortgages to borrowers in 50 states across the USA (and Washington, DC).

How much can you borrow via The Federal Savings Bank?

The Federal Savings Bank allows borrowers to apply for loan amounts of up to $3,000,000. Note that the maximum loan amount you can borrow will also vary depending on the type of mortgage you choose, regardless of the lender you choose.

What range of rates does The Federal Savings Bank offer?

The Federal Savings Bank offers home loans with APRs starting at 4% .

Does The Federal Savings Bank charge a mortgage origination fee?

Yes, The Federal Savings Bank may charge a loan origination fee.

Does The Federal Savings Bank charge prepayment fees?

Yes, The Federal Savings Bank charges additional fees to borrowers who pay off their loans sooner than anticipated. Take this into consideration when choosing a lender because prepayment fees can reduce or even cancel the interest savings of repaying a loan early.

What mortgage programs does The Federal Savings Bank offer?

The Federal Savings Bank offers the following mortgage programs:

  • Conventional mortgages
  • FHA
  • VA

What property usage types does The Federal Savings Bank allow?

Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. The Federal Savings Bank allows the following property usage types: 

  • Primary home 

  • Intended Use
    Primary Home
  • Primary Residence
  • Estate/Trust/Retirement
  • Loan Amount
    Up to $3000000
  • APR
    Starting at 4%
  • Terms
    10, 15, 20, 25, 30
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