From the Desk of Greg

Saving for a Down Payment on a Home

Owning a home instead of renting is often a wise financial move. It allows you to reduce your overall monthly costs while you build equity in real property. The biggest…

Down Payment Strategies for First-Time Home Buyers

The idea of buying a first home is exciting. However, coming up with a sizable down payment can feel like an impossible task. That is especially true when many lenders…

About Private Mortgage Insurance

If you are in the market to buy a new home and have less than a 20 percent down payment, you are usually required to buy private mortgage insurance. Overview…

What People Say About Greg

Additional Resources

Types of Mortgage Loans

Explore our mortgage loan options to find the perfect fit for your home financing needs!

Ultimate Homebuying Guide

Download our step-by-step guide on the homebuying process. From making an offer to closing, this guide gives you the information you need to feel comfortable throughout the process. 

Home Ownership Resources

Discover additional resources and guidance on home ownership.

    From the Desk of Terry

    Finding a Real Estate Agent

    Real estate agents fill important roles in the home buying and selling process. Finding the right real estate agent for your situation may take a little time, but it is…

    How a Smart Home Can Save You Money

    Smart homes have become increasingly popular due to their convenience, comfort, and security benefits. However, one of the most significant advantages of having a smart home is that it can…

    How Much Home Can I Afford?

    So, you’re ready to buy a home, but don’t know how much you can afford? Discover the simple steps you can take to determine the right amount!

    What People Say About Terry

    “Terry and everyone at FFL were WONDERFUL! We had a very fast close and everyone was on top of everything with very little issues. Extremely satisfied!”
    Robert and Margarita

    Additional Resources

    Types of Mortgage Loans

    Explore our mortgage loan options to find the perfect fit for your home financing needs!

    Ultimate Homebuying Guide

    Download our step-by-step guide on the homebuying process. From making an offer to closing, this guide gives you the information you need to feel comfortable throughout the process. 

    Home Ownership Resources

    Discover additional resources and guidance on home ownership.

      From the Desk of Joshua

      FHA Mortgage Basics

      FHA mortgages are a popular option for first-time home buyers to consider. These loans offer attractive terms, including the ability to make smaller down payments and a some flexibility when…

      Down Payment Strategies for First-Time Home Buyers

      The idea of buying a first home is exciting. However, coming up with a sizable down payment can feel like an impossible task. That is especially true when many lenders…

      About Private Mortgage Insurance

      If you are in the market to buy a new home and have less than a 20 percent down payment, you are usually required to buy private mortgage insurance. Overview…

      Additional Resources

      Types of Mortgage Loans

      Explore our mortgage loan options to find the perfect fit for your home financing needs!

      Ultimate Homebuying Guide

      Download our step-by-step guide on the homebuying process. From making an offer to closing, this guide gives you the information you need to feel comfortable throughout the process. 

      Home Ownership Resources

      Discover additional resources and guidance on home ownership.

        From the Desk of Greg

        About Private Mortgage Insurance

        If you are in the market to buy a new home and have less than a 20 percent down payment, you are usually required to buy private mortgage insurance. Overview…

        FHA Mortgage Basics

        FHA mortgages are a popular option for first-time home buyers to consider. These loans offer attractive terms, including the ability to make smaller down payments and a some flexibility when…

        Down Payment Strategies for First-Time Home Buyers

        The idea of buying a first home is exciting. However, coming up with a sizable down payment can feel like an impossible task. That is especially true when many lenders…

        Saving for a Down Payment on a Home

        Owning a home instead of renting is often a wise financial move. It allows you to reduce your overall monthly costs while you build equity in real property. The biggest…

        What People Say About Greg

        “Very happy with the service, the bank and especially Greg Palumbo!!!”
        Evangelos B.

        Additional Resources

        Types of Mortgage Loans

        Explore our mortgage loan options to find the perfect fit for your home financing needs!

        Ultimate Homebuying Guide

        Download our step-by-step guide on the homebuying process. From making an offer to closing, this guide gives you the information you need to feel comfortable throughout the process. 

        Home Ownership Resources

        Discover additional resources and guidance on home ownership.

          From the Desk of Matthew

          5 Tips for Applying for a Mortgage

          The process of buying a home can be daunting if you’re a first-time buyer, especially when it comes to acquiring a home loan. Proper preparation can be the key to…

          Buying a Vacation Home

          It is something many families dream of: Owning a small cottage by the lake, a cabin in the mountains, or a beach bungalow they can visit on long weekends, during…

          FHA Mortgage Basics

          FHA mortgages are a popular option for first-time home buyers to consider. These loans offer attractive terms, including the ability to make smaller down payments and a some flexibility when…

          Additional Resources

          Types of Mortgage Loans

          Explore our mortgage loan options to find the perfect fit for your home financing needs!

          Ultimate Homebuying Guide

          Download our step-by-step guide on the homebuying process. From making an offer to closing, this guide gives you the information you need to feel comfortable throughout the process. 

          Home Ownership Resources

          Discover additional resources and guidance on home ownership.

            From the Desk of Dave

            15-Year vs 30-Year Mortgages

            What makes more sense financially for you, a 15-year fixed-rate mortgage or a 30-year fixed-rate mortgage? Both loan types come with their positives and negatives. So how do you determine…

            5 Tips for Applying for a Mortgage

            The process of buying a home can be daunting if you’re a first-time buyer, especially when it comes to acquiring a home loan. Proper preparation can be the key to…

            About Private Mortgage Insurance

            If you are in the market to buy a new home and have less than a 20 percent down payment, you are usually required to buy private mortgage insurance. Overview…

            What People Say About Dave

            Additional Resources

            Types of Mortgage Loans

            Explore our mortgage loan options to find the perfect fit for your home financing needs!

            Ultimate Homebuying Guide

            Download our step-by-step guide on the homebuying process. From making an offer to closing, this guide gives you the information you need to feel comfortable throughout the process. 

            Home Ownership Resources

            Discover additional resources and guidance on home ownership.

              From the Desk of Sherry

              5 Tips for Applying for a Mortgage

              The process of buying a home can be daunting if you’re a first-time buyer, especially when it comes to acquiring a home loan. Proper preparation can be the key to…

              Down Payment Assistance Programs

              For those at the low-to-moderate-income level, the most substantial barrier to homeownership are the closing costs and a down payment associated with obtaining a mortgage loan. Because of this, most…

              Down Payment Strategies for First-Time Home Buyers

              The idea of buying a first home is exciting. However, coming up with a sizable down payment can feel like an impossible task. That is especially true when many lenders…

              What People Say About Sherry

              “Sherry is the best! Smart, hardworking, professional and responsible! The best possible outcome carried out in the best possible manner is what I came to expect and was delivered by Sherry!”
              Steven E.

              Additional Resources

              Types of Mortgage Loans

              Explore our mortgage loan options to find the perfect fit for your home financing needs!

              Ultimate Homebuying Guide

              Download our step-by-step guide on the homebuying process. From making an offer to closing, this guide gives you the information you need to feel comfortable throughout the process. 

              Home Ownership Resources

              Discover additional resources and guidance on home ownership.

                From the Desk of Christopher

                15-Year vs 30-Year Mortgages

                What makes more sense financially for you, a 15-year fixed-rate mortgage or a 30-year fixed-rate mortgage? Both loan types come with their positives and negatives. So how do you determine…

                5 Tips for Applying for a Mortgage

                The process of buying a home can be daunting if you’re a first-time buyer, especially when it comes to acquiring a home loan. Proper preparation can be the key to…

                Buying a Home with a Friend

                Buying a home can be a wise financial decision because it allows you to make an investment rather than spending money on rent each month and getting nothing to keep…

                What People Say About Christopher

                “Chris Johnson went above and beyond to assist us during the construction loan process. We were very pleased with the promptness of his communication. Overall, the experience was great and we would definitely recommend First Federal Lending to anyone looking to build a new home.”
                Travis & Michelle E.

                Additional Resources

                Types of Mortgage Loans

                Explore our mortgage loan options to find the perfect fit for your home financing needs!

                Ultimate Homebuying Guide

                Download our step-by-step guide on the homebuying process. From making an offer to closing, this guide gives you the information you need to feel comfortable throughout the process. 

                Home Ownership Resources

                Discover additional resources and guidance on home ownership.

                  From the Desk of Sharon

                  15-Year vs 30-Year Mortgages

                  What makes more sense financially for you, a 15-year fixed-rate mortgage or a 30-year fixed-rate mortgage? Both loan types come with their positives and negatives. So how do you determine…

                  About Private Mortgage Insurance

                  If you are in the market to buy a new home and have less than a 20 percent down payment, you are usually required to buy private mortgage insurance. Overview…

                  Down Payment Strategies for First-Time Home Buyers

                  The idea of buying a first home is exciting. However, coming up with a sizable down payment can feel like an impossible task. That is especially true when many lenders…

                  Additional Resources

                  Types of Mortgage Loans

                  Explore our mortgage loan options to find the perfect fit for your home financing needs!

                  Ultimate Homebuying Guide

                  Download our step-by-step guide on the homebuying process. From making an offer to closing, this guide gives you the information you need to feel comfortable throughout the process. 

                  Home Ownership Resources

                  Discover additional resources and guidance on home ownership.

                    From the Desk of Brent

                    Additional Financial Home Buying Obligations

                    You have found your dream home in the perfect neighborhood for you and your family. You have even determined that you will be able to afford the monthly mortgage payments…

                    Building a Home Buying Team

                    Buying a home can be complex. Since it’s probably one of the most significant purchases you will make in your lifetime, it’s a good idea to assemble a team to…

                    Buying a Home from a Family Member

                    When you have a parent, sibling, or another family member who is planning to move, you may be able to be first in line to buy their home. Plus, they…

                    Buying vs Renting a Home

                    Does it make more sense to rent than to buy? That has been a long-running debate in this country. However, the question is flawed: There is no correct answer. There…

                    Additional Resources

                    Types of Mortgage Loans

                    Explore our mortgage loan options to find the perfect fit for your home financing needs!

                    Ultimate Homebuying Guide

                    Download our step-by-step guide on the homebuying process. From making an offer to closing, this guide gives you the information you need to feel comfortable throughout the process. 

                    Home Ownership Resources

                    Discover additional resources and guidance on home ownership.

                      From the Desk of Beth

                      5 Keys to Borrowing to Build Your Dream Home

                      When it comes to building your home, the right financing is the real foundation that everything else will be built upon. First Federal Lakewood can help you with this all-important…

                      FHA Mortgage Basics

                      FHA mortgages are a popular option for first-time home buyers to consider. These loans offer attractive terms, including the ability to make smaller down payments and a some flexibility when…

                      Finding a Mortgage

                      Ready to test your knowledge? You’ll have ten multiple choice questions to answer. Click on each question to reveal the question and multiple choice answers. After you’ve completed answering all…

                      What People Say About Beth

                      “First Federal Lakewood is a great bank, I’m a very happy customer. More importantly, Beth Ann Silverman is a joy and pleasure to work with. I am not shy about referring her to my friends and co-workers. She is excellent.
                      Matthew M.

                      Additional Resources

                      Types of Mortgage Loans

                      Explore our mortgage loan options to find the perfect fit for your home financing needs!

                      Ultimate Homebuying Guide

                      Download our step-by-step guide on the homebuying process. From making an offer to closing, this guide gives you the information you need to feel comfortable throughout the process. 

                      Home Ownership Resources

                      Discover additional resources and guidance on home ownership.

                        From the Desk of Caroline Purcell

                        5 Tips for Applying for a Mortgage

                        The process of buying a home can be daunting if you’re a first-time buyer, especially when it comes to acquiring a home loan. Proper preparation can be the key to…

                        Buying a Home with a Friend

                        Buying a home can be a wise financial decision because it allows you to make an investment rather than spending money on rent each month and getting nothing to keep…

                        Buying a Vacation Home

                        It is something many families dream of: Owning a small cottage by the lake, a cabin in the mountains, or a beach bungalow they can visit on long weekends, during…

                        What People Say About Caroline

                        Additional Resources

                        Types of Mortgage Loans

                        Explore our mortgage loan options to find the perfect fit for your home financing needs!

                        Ultimate Homebuying Guide

                        Download our step-by-step guide on the homebuying process. From making an offer to closing, this guide gives you the information you need to feel comfortable throughout the process. 

                        Home Ownership Resources

                        Discover additional resources and guidance on home ownership.

                          From the Desk of Alex

                          Buying Down an Interest Rate with Points

                          As a savvy consumer, you should always be looking for ways to shave some money from your monthly budget. Even small adjustments can add up to significant savings over the…

                          Buying vs Renting a Home

                          Does it make more sense to rent than to buy? That has been a long-running debate in this country. However, the question is flawed: There is no correct answer. There…

                          Calculate a Mortgage Payment

                          Repayment of a mortgage loan requires that the borrower make a monthly payment back to the lender. That monthly payment includes both repayment of the loan principal, plus monthly interest…

                          What People Say About Alex

                          “Alex Dickos and Elisabeth Lang were a great team to work with! Thank you for all of your help.”
                          Kimberly R.

                          Additional Resources

                          Types of Mortgage Loans

                          Explore our mortgage loan options to find the perfect fit for your home financing needs!

                          Ultimate Homebuying Guide

                          Download our step-by-step guide on the homebuying process. From making an offer to closing, this guide gives you the information you need to feel comfortable throughout the process. 

                          Home Ownership Resources

                          Discover additional resources and guidance on home ownership.

                            From the Desk of Jack

                            A Financial “To-Do List” When You Move

                            Moving is one of life’s most stressful events. What with organizing your belongings and packing them up, as well as sorting out the general moving logistics, it is no wonder…

                            About Private Mortgage Insurance

                            If you are in the market to buy a new home and have less than a 20 percent down payment, you are usually required to buy private mortgage insurance. Overview…

                            Additional Financial Home Buying Obligations

                            You have found your dream home in the perfect neighborhood for you and your family. You have even determined that you will be able to afford the monthly mortgage payments…

                            Additional Resources

                            Types of Mortgage Loans

                            Explore our mortgage loan options to find the perfect fit for your home financing needs!

                            Ultimate Homebuying Guide

                            Download our step-by-step guide on the homebuying process. From making an offer to closing, this guide gives you the information you need to feel comfortable throughout the process. 

                            Home Ownership Resources

                            Discover additional resources and guidance on home ownership.

                              From the Desk of Brent

                              5 Keys to Borrowing to Build Your Dream Home

                              When it comes to building your home, the right financing is the real foundation that everything else will be built upon. First Federal Lakewood can help you with this all-important…

                              Being Pre-Qualified vs. Being Pre-Approved

                              Pre-qualified and pre-approved are some of the most common terms you may encounter when applying for a mortgage. Unfortunately, most people often use these two phrases interchangeably, not knowing they…

                              Building a Home Buying Team

                              Buying a home can be complex. Since it’s probably one of the most significant purchases you will make in your lifetime, it’s a good idea to assemble a team to…

                              What People Say About Brent

                              Additional Resources

                              Types of Mortgage Loans

                              Explore our mortgage loan options to find the perfect fit for your home financing needs!

                              Ultimate Homebuying Guide

                              Download our step-by-step guide on the homebuying process. From making an offer to closing, this guide gives you the information you need to feel comfortable throughout the process. 

                              Home Ownership Resources

                              Discover additional resources and guidance on home ownership.

                                From the Desk of Don

                                5 Tips for Applying for a Mortgage

                                The process of buying a home can be daunting if you’re a first-time buyer, especially when it comes to acquiring a home loan. Proper preparation can be the key to…

                                About Private Mortgage Insurance

                                If you are in the market to buy a new home and have less than a 20 percent down payment, you are usually required to buy private mortgage insurance. Overview…

                                Add to Your Monthly Payment and Save Money

                                On any loan, your monthly payment is divided between two purposes. First, part of the payment is used to cover the interest that has accrued on your balance since you…

                                Adjustable Rate Mortgage Analyzer

                                Adjustable rate mortgages typically offer home buyers the advantage of having a lower mortgage payment during the initial period of the mortgage. Adjustable rate mortgages are typically offered on a…

                                What People Say About Don

                                “My wife and I are first time home buyers and First Federal Lakewood has made this purchase a very easy transaction.”
                                Andrew & Katherine E.

                                Additional Resources

                                Types of Mortgage Loans

                                Explore our mortgage loan options to find the perfect fit for your home financing needs!

                                Ultimate Homebuying Guide

                                Download our step-by-step guide on the homebuying process. From making an offer to closing, this guide gives you the information you need to feel comfortable throughout the process. 

                                Home Ownership Resources

                                Discover additional resources and guidance on home ownership.

                                  From the Desk of Lisa

                                  Calculate a Mortgage Payment

                                  Repayment of a mortgage loan requires that the borrower make a monthly payment back to the lender. That monthly payment includes both repayment of the loan principal, plus monthly interest…

                                  15-Year vs 30-Year Mortgages

                                  What makes more sense financially for you, a 15-year fixed-rate mortgage or a 30-year fixed-rate mortgage? Both loan types come with their positives and negatives. So how do you determine…

                                  5 Keys to Borrowing to Build Your Dream Home

                                  When it comes to building your home, the right financing is the real foundation that everything else will be built upon. First Federal Lakewood can help you with this all-important…

                                  Additional Resources

                                  Types of Mortgage Loans

                                  Explore our mortgage loan options to find the perfect fit for your home financing needs!

                                  Ultimate Homebuying Guide

                                  Download our step-by-step guide on the homebuying process. From making an offer to closing, this guide gives you the information you need to feel comfortable throughout the process. 

                                  Home Ownership Resources

                                  Discover additional resources and guidance on home ownership.