Loan Programs

The following is a summary of our loan programs. Please stop in, call us or email us for details. We've been helping families own their homes since 1895 and we want to help your family, too.

Home Loans

We make home loans up to 90% of the appraised value. We offer fixed or adjustable rates and terms up to 30 years.*

• No application fee.
• No prepayment penalty.
• We do not require Private Mortgage Insurance (PMI). Most lenders require this insurance for loans over 80% of the appraised value which can increase your monthly payment by hundreds of dollars.

Construction Loans

No need to worry about permanent financing at the end of your construction. Our loans combine both the financing for construction and a permanent home loan into one mortgage loan.

• Lock in your interest rate before you even begin construction.
• Pay closing costs only once.
• 12 month construction period during which you only pay interest on the funds used.

1-4 Family Rental Property Loans

Loans up to 85% of the appraised value or 85% of the purchase price (whichever is lower)*

• No application fee.
• No prepayment penalty.

We offer three programs for rental properties:*

• A 25 Year Fixed Rate.
• A 30 Year ("1/1") Adjustable Rate.
• A 30 Year ("5/1") Adjustable Rate.

Large Multi-Family and Commercial Real Estate Loans

Closing costs, interest rates, repayment and other terms are customized for each loan. No application fee.

Land Loans

• Loans up to 65% of the appraised value or purchase price (whichever is lower).
• Maximum loan amount of $100,000.
• No application fee.
• No prepayment penalty.
• 10 year adjustable rate loan.

Home Equity Loans

• 15-year fixed rate.
• No application fee.
• No prepayment penalty.
• $15,000 minimum; $100,000 maximum loan amount.

Home Equity Lines of Credit

• No prepayment penalty.
• 10 year draw period (during which you pay interest only on the loan fund used).
• Additional 15-year repayment period.
• $15,000 minimum; $500,000 maximum loan amount.
• $50 annual participation fee.
• Free checks.
• Adjustable rate.

Want to lower your monthly payments?

If you have both your mortgage loan and checking account with Fairfield Federal, you may qualify for an interest rate discount on your mortgage loan. Sign up today to have us automatically transfer your monthly mortgage payment from your Fairfield Federal checking account and receive a 1/8% discount on your mortgage loan interest rate.

Loan Details

• Interest rate buydowns available.
• We have a written preapproval service for no fee.
• We do not require escrow of taxes or insurance.
• Credit concerns? We do not use credit scoring. Our credit standards are available to you upon request.
• We do not sell loans. We are not bound by secondary market rules.
• Ask us about our Neighbors Helping Neighbors program for first-time homebuyers in Fairfield County.
• We're proud to be an Equal Housing Lender, so you know you'll receive fair treatment from us.

Lending Area

We lend in Fairfield, Franklin, Licking, and Pickaway Counties.