Home Mortgage Center

Home Mortgage Loans


Limited-Time Anniversary Special- Let us help you buy, build, or refinance the home of your dreams and you’ll receive a $60 gift card at closing!* Our mortgage loan specialists have a wealth of knowledge and experience in mortgage lending. They live right here in Northern Michigan and are dedicated to helping you get a mortgage that will fit your needs. Call or visit us online today to get started!

Let us handle the financing so you can focus on the fun part — buying your new home. We offer competitive rates for home purchase, refinance, or construction.

Our mortgage lenders have firsthand knowledge of the local real estate market, so you’ll talk with someone who really knows their stuff. Work with one of our local lenders to finance your dream home.

  • Competitive rates for home purchase, refinance, or construction
  • Available for primary residence, second homes, vacation homes, cabins, cottages, vacant land, or investment properties
  • A wide range of financing terms and programs available:
    • Fixed rate mortgages
    • Adjustable rate mortgages (ARMs)
    • USDA rural development (USDA RD) mortgages
    • VA mortgages
    • FHA 203k mortgages
    • FHA mortgages
    • Reverse mortgages
    • One-step construction loans
    • Blanket mortgages
    • Bi-weekly mortgages
  • Helpful loan specialists who have a working knowledge of the Northern Michigan real estate market
  • Free pre-approval for extra confidence when it comes to shopping for a home or property
  • Refinance your current home to potentially lower your rate and/or shorten the term of your current mortgage
  • Use the equity in your home for home improvements, vacations, consolidate debts or many other personal reasons
  • Attentive, friendly service from start to finish

Meet Our Mortgage Lenders

**Offer valid August 1, 2017 through December 31, 2017. Not valid for existing loans or preapprovals. Approved mortgage customers will receive one (1) $60 gift card at loan approval and closing. Not redeemable for cash. Not all customers will qualify for a loan. Please see lender for full details.
Fixed vs. Adjustable Rate

First Federal offers both fixed and adjustable rate mortgages. Learn about the benefits of each and decide which is the best fit for your future plans!

Fixed Rate Mortgages

Provide the security of set monthly principal and interest payments throughout the length of your loan. This is ideal for many borrowers who want to purchase a new home or second home, refinance a current home, take out equity to do home improvements, or use the equity for many personal reasons. If your situation is similar, a fixed rate mortgage may be a good option for you and your family.

Adjustable Rate Mortgages (ARMs)

An ARM offers a set term for an initial period of your mortgage. After the initial interest period, rates are subject to change with market conditions. Adjustable-Rate Mortgages are perfect for borrowers who may want to apply large payments towards the loan in the first few years, or if they are simply looking for a way to save money with a lower fixed rate for the first 5 to 7 years.