First Federal - Home Mortgage

First Federal

Branch Manager: JoAnn Dehring

100 South Second Avenue
Alpena, MI 49707
Telephone: (989) 356-9041
FAX: (989) 354-8671

Your dream home starts here

Buying a home can be a stressful situation. Unless of course, you plan ahead and work with a bank that provides fast, friendly and fair financing. At a bank like First Federal, we provide a wide variety of mortgage loan products with the rates and financing that are right for you.

- Traditional Fixed Rate
- Adjustable Rate Mortgages
- Construction to Permanent Loans
- USDA Rural Development mortgages available
- Vacant Land Mortgages
- Cabin Mortgages
- Cottage Mortgages
- Vacant waterfront mortgages
- Condominium mortgages
- Construction Loans
- Manufactured Home Loans
- Investment or rental property loans
- Second Homes
- Blanket Mortgages
- Bi-Weekly Mortgages

Greater Experience. Local Financing.

When considering your home financing options, consider this. At First Federal, we service all of our loans locally. This means if you have questions, you don't have to wait for answers from some faraway office. In short, you're working with someone you know. What's more, our experienced lending staff knows the local market and can help you determine the mortgage option that best suits your needs.

Which mortgage is right for you?
First Federal offers several mortgage options. Here are some things to consider when deciding.

* Fixed Rate Mortgages
Provide the security of set monthly principal and interest payments
throughout the length of your loan.
* Adjustable Rate Mortgages (ARMs)
Offer lower initial interest rates and significantly reduce initial monthly
payments. Rates are subject to change with market conditions.