LOAN PROGRAMS

Fairfield Federal Locations
*For Today's Home Loan Rates and Important Account Information: Click Here.

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. We make fixed and adjustable rate home equity lines of credit loans.

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.

5 OR MORE RESIDENTIAL PROPERTY & COMMERCIAL PROPERTY LOANS
Specifics will vary depending on your individual situation. Call us for details.

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 LINES OF CREDIT
• No application fee.
• No prepayment penalty.
• 10 year draw period (during which you pay interest only on the loan funds used.)
• Additional 10 year repayment period.
• $10,000 minimum loan amount.
• $50 annual participation fee.
• Free checks.
• Fixed and adjustable rates.

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.
• 300 day rate lock is 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.
 
Contact any one of our Home Loan Specialists Today!
MAIN OFFICE LOCATION
740-653-3863 / 800-650-0987
WEST FAIR LOCATION
740-653-1895
Susan Fernow
nmls id# 404890
Cathy Glenn
nmls id# 732450
Cathy Glenn Loan Officer at Fairfield Federal
Susan Fernow Loan Officer at Fairfield Federal
Julie Grefe Loan Officer at Fairfield Federal
Julie Grefe
nmls id# 493968
Bev Stratton
nmls id# 404888
Bev Loan Officer at Fairfield Federal
PICKERINGTON LOCATION
614-863-0333
Jennifer Rabb
nmls id# 1175629
Jennifer Rabb Loan Officer at Fairfield Federal
Kathy Boucher
nmls id# 1193395
Kathy Boucher
Lisa A. Berry
nmls id# 1430546
Lisa A. Berry
Brandee Cunningham
nmls id# 1485622
Cunningham Loan Officer at Fairfield Federal
 
LET'S GET STARTED!
Let's Get Started