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 mortgage refinancing to borrowers in 50 statess across the USA (and Washington, DC).

What is the maximum loan term for a mortgage refinance via The Federal Savings Bank?

The term of a mortgage refinance will determine the cost of your monthly payments. Longer terms will typically reduce your monthly payments but it will also increase the interest you pay. The Federal Savings Bank offers mortgages refinancing with terms ranging from 15 to 30 years.

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 home 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
  • FHA 203k
  • HARP
  • 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
  • Secondary homes and vacation properties
  • Rental properties
  • Inestment properties and house flipping projects 

  • Loan Term (Years)
    15 - 30
  • Institution Type
  • Intended Use
    • Investment/House Flipping
    • Primary Home
    • Rental Property
    • Secondary Home
  • Loan Amount
    Up to $3000000
  • Terms
    1/1, 3/1, 5/1, 7/1, 15, 30 years
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