PROUDLY SERVING THOSE WHO SERVED
Home Loans Built for Heroes
Unlock the benefits you’ve earned with a VA loan—no down payment, no private mortgage insurance, and competitive rates. We make the path to homeownership simple, secure, and centered around you.
How do VA loans work?
Qualifying Veterans, active military, and eligible surviving spouses have earned the right to take advantage of VA’s home lending programs. The primary benefit is the ability to borrower up to 100% of the property value (purchase or cash out refinance) at extremely competitive rates, with no mortgage insurance.
- No down payment required for purchases (Truly 100% financing).
- Veterans can borrow up to 100% of the appraised value on cash out refinances.
- No monthly mortgage insurance premiums; regardless of the loan to value.
- Credit lending options available through First Federal down to a 580 FICO.
- Competitive low interest rates, made available due to the Department of Veterans Affairs guaranteeing a portion of each loan.
- Flexible payment options due to varying loan terms with no penalties for paying the mortgage off early.
VA Purchase Loans
Few loan programs offer what VA loans do—100% financing with no down payment.
You can even roll in closing costs, prepaid expenses, and discount points—all without paying costly Private Mortgage Insurance (PMI), which conventional and FHA loans typically require.
If you are considering buying a home and have questions about VA financing, we would love the opportunity to help.
VA Streamline Refinance
The Streamline Refinance—also known as the IRRRL—lets Veterans lower their interest rate and monthly mortgage payment by refinancing an existing VA loan.
Often done with no out-of-pocket costs, expenses can be rolled into the new loan or covered by a slightly higher rate.
Because it’s a VA-to-VA refinance, the process is fast and simple—no appraisal, income check, or extensive paperwork required.
VA Cash-Out Refinance
The VA Cash-Out Refinance lets qualified Veterans borrow up to 100% of their home’s appraised value—turning equity into cash for debt payoff, home improvements, education, and more.
There’s no maximum loan limit imposed by the VA—you can finance up to the full VA guarantee.
Loan limits vary by county, with higher amounts available in designated high-cost areas.
About First Federal Bank
First Federal Bank is a community bank founded in the heart of North Central Florida in 1962. Today, First Federal is a community based, mutual bank offering a full line of personal and business financial solutions, services and loans through full-service banking offices in Florida’s Panhandle, North Central Florida, and coastal South Carolina. In addition, First Federal has mortgage lending offices across the Southeast and Midwest, and SBA and USDA lending offices throughout Florida and in multiple states.
"They listen to you, they learn about you, and they lead the way in developing financial solutions. If you are searching for a bank that fosters an authentic environment of service, your search is over with finding First Federal Bank. I look forward to moving other accounts to them and for you to stop by a local branch to meet their team, they can help!"
