LOAN PROGRAMS

* Today's Home Loan Rates and Important Account Information

Our primary business is making loans for the purchase, construction and refinance of homes. We also lend on residential rental properties, commercial real estate, and on vacant land. Access the equity in your home with our fixed rate Home Equity Loan or variable rate Home Equity Line of Credit.

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 $1,000,000 and 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 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 LOAN

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

HOME EQUITY LINE 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 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
360 day rate lock is available on fixed-rate home loans for no fee
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.

Contact any one of our Home Loan Specialists Today!

MAIN OFFICE LOCATION
740-653-3863 / 800-650-0987