First Federal Bank Mortgage Lenders Review 2024

How Bankrate scored First Federal Mortgage Lenders

• Affordability: A key benefit to working with First Federal Bank Mortgage Lenders: It doesn’t charge fees on VA loans. To get a rate quote tailored to you, you’ll need to contact the team directly.
• Availability: The team offers a wide range of loan products to borrowers nationwide.
• Borrower experience: You’ll be able to complete much of the mortgage process online, but still have the option to consult with a loan officer when needed.

Affordability: 6.8/10

You won’t be able to easily compare First Federal Bank Mortgage Lenders’ mortgage rates via its website. You can request a custom quote, however, based on your loan amount, down payment, credit score and other information.

Availability: 10/10

Available to borrowers nationwide, First Federal Bank Mortgage Lenders offers conventional and government-backed loans on both home purchases and refinances. Notably, you might be able to get away with a debt-to-income (DTI) ratio as high as 60 percent on some types of loans.

Borrower experience: 5.8/10

The First Federal Bank Mortgage Lenders website doesn’t feature a lot of information beyond its loan products, so you’ll need to get in touch to learn more. You can contact the team Monday through Friday, 9:30 a.m. to 6 p.m. ET. at 913-647-7000.

Images courtesy of First Federal Mortgage as of 3/20/2024. Note: Depending on method of contact, your individual credit profile and other circumstances, your experience might differ.

How to apply for a mortgage with First Federal Mortgage Lenders

You can apply for a mortgage with First Federal Mortgage Lenders online or by phone at 913-647-7000. Here are some tips to prepare for the process:

1. Check your credit report. It’s important to check your credit report before your lender does, in case there are errors that could impact not only whether you get preapproved but also your ability to get the best mortgage rate. Knowing your credit score also helps you decide what type of loan to apply for. If your score is in the very low 600s, for instance, an FHA mortgage might be best for you, as its standards are more lenient than those for conventional loans.

2. Gather personal and financial documents. With any lender, you must supply documentation about your income, assets and debts. This includes pay stubs and W-2s and account and loan statements.

3. Provide details about the property. You’ll need to provide the address of the home and submit to an appraisal. (If you’re refinancing, you might or might not need an appraisal.)

Refinancing with First Federal Mortgage Lenders

The First Federal Mortgage Lenders team offers both rate-and-term and cash-out refinancing options. 

• Methodology

  To determine a mortgage lender's Bankrate Score, Bankrate rates lenders on a scale of one (1) to five (5) stars — with five (5) the highest rating — based on a variety of factors relating to the lender's products and services. To assign our ratings, we assessed each mortgage lender across three core areas:

  • Affordability. Annual percentage rate (APR) - 80%; assistance for first-time homebuyers - 10%; down payment - 10%

  • Availability. Loan products - 50%; licensing - 40%; credit score - 10%

  • Borrower experience. Rate transparency - 45%; customer service - 25%; convenience - 10%; days to close - 10%; rate locks - 10%; reputation (bonus)

  Learn more about our methodology.

  How we suggest lenders to compare

  To help you make the most informed decisions, our editorial team suggests two (2) alternative mortgage lenders for each lender reviewed in our comparison table. In most cases, these alternatives 1.) share the same strength (affordability, availability or borrower experience) as the lender reviewed; and 2.) rate highly for Bankrate Score. In the event more than two lenders meet these standards, we suggest the ones with the lowest APRs.