The Federal Savings Bank
The Federal Savings Bank is a veteran-owned mortgage lender offering a variety of mortgage products and banking services across all 50 states.
Services
The Federal Savings Bank provides a broad range of banking services, including CDs, checking and savings accounts, and money market accounts. The bank also offers personal loans exclusively to its mortgage customers. The Federal Savings Bank has a network of 55,000 ATMs across the nation and provides a multilingual customer service to accommodate its diverse clientele. Additionally, they offer a promotional 12-month CD with a 4.91% APY.
Mortgage Products
The Federal Savings Bank specializes in various mortgage products. These include VA Home Loans, construction loans, and reverse mortgages. They have a dedicated Condo/Co-Op Department, ensuring tailored mortgage solutions for these types of properties. Moreover, they offer an Express Loan Approval program specifically designed for VA loans. The bank also participates in the Homes for Heroes benefit program to assist veterans and first responders with their home buying process.
Branch and Customer Support
The Federal Savings Bank operates two traditional retail branches located in Illinois. Their customer support infrastructure spans multiple states including Arizona, Colorado, Florida, Georgia, Illinois, Indiana, Kansas, Maryland, Massachusetts, Missouri, Nebraska, New Jersey, New York, North Carolina, Tennessee, and Virginia. This extensive network ensures customers receive support wherever they are in the United States.
Educational Resources
The Federal Savings Bank is committed to educating its customers through its Learning Center. This platform offers a range of educational resources focused on home buying, refinancing, and personal finance. These resources aim to empower customers with knowledge to make informed financial decisions.
Advisory Boards and Benefit Programs
The Federal Savings Bank supports the veteran and first responder communities through its Military Advisory Board and First Responders Advisory Board. These boards help the bank to better understand and meet the unique needs of these groups. Furthermore, the bank's Homes for Heroes benefit program provides additional advantages for eligible customers, underscoring their commitment to those who serve.