Home and Auto Loans

At First Federal, we understand you have many lenders to choose from in the area. Consider the benefits of working with a local lender that knows Yamhill County, from its rural properties to its city homes.

Home Loans  Auto Loans

             

 

Home Loans

We offer options that many other lenders may not, such as loans for homes on large acreage, manufactured homes, jumbo loans and lot loans.

 

 Home Loans

Terms

 Variety

Application Fees

None

Prepayment Penalties

None

Reserve Accounts

May be required for payment of property taxes for all new loans and flood insurance if collateral is located in a flood zone.

Automatic Monthly Payments

Make loan payments from your checking account with First Federal Online Banking & Bill Pay

Get Prequalified

Get a prequalification at no charge.

Apply Online! Check Rates Contact Us

Construction Loans

A construction loan from First Federal takes your vision off the drawing board and onto solid ground. We’ve been offering stable financing, specialized knowledge and comfortable terms to Yamhill County residents for decades. We also have relationships with several local builders.

 

Construction Loans

Terms

Variety available

Loan Maximums

80% LTV

Application Process

One application, one closing fee and one fixed rate -- from construction through permanent financing.

Application Fees

None

Prepayment Penalties

None

Automatic Monthly Payments

Make loan payments from your checking account with First Federal Online Banking & Bill Pay upon completion of construction.

Draws

Paid quickly and interest is only charged on the amount drawn to date

Get Prequalified

Lock in a rate for 60 days at no charge.

Local Loan Approval and Servicing

Local decisions result in timely, personal and flexible solutions

Information and forms are provided on this site as a courtesy and do not constitute a credit decision or a commitment to make a loan. A documented loan application acceptable to First Federal is required for an application to be considered.

All programs, rates, fees, closing costs and loan terms are subject to change without notice. This is not an advertisement as defined by paragraph 226.24 of Regulation Z.

Check Rates Contact Us

First Time Home Buyer Program

Owning a home is a dream for many. We can help qualified individuals with low to moderate incomes make this dream a reality with our First Time Home Buyer Program.

This approach carries with it several criteria, including eligibility requirements, credit score minimums, cash equity investments and certain income levels for buyers. The property to be purchased must meet its own set of rules, plus there are loan stipulations to take into consideration.

Buying your first home can seem a daunting task, but First Federal is here to walk you through the process while making sure you know what you need to do and what your mortgage payments will be.

 

First Time Home Buyer Program

Eligible Property Types

Single family, owner-occupied dwelling units in Yamhill County

Property Examples

Stick built homes, zero lot line units, de-titled manufactured homes on real property meeting certain criteria

Purchase Price(s)

Up to $300,000

Inspection & Appraisal

Required

Loan types & Terms

Fixed rate loans, 15 to 30 years

Program Duration

January to December

Check Rates Contact Us

Home Equity Lines & Loans

If you own a first or second home and need money for home improvements, investment, education or other large expenses, a home equity loan or line of credit could be the right option for you. 

 

Home Equity Line Of Credit

Property Types

Variety

Loan Maximums

Up to 80% of your home's combined LTV

Terms

7-year draw period / 15-year repayment period

Rate

Adjustable

Minimum Line

$7,500

Maximum Line

$300,000

 

Home Equity Loan

Property Types

Variety

Loan Maximums

Up to 80% of your home's combined LTV

Terms

*5, 10, 15 & 20 years

Rates

*Fixed

Application Fees

None

Prepayment Penalties

None

Reserve Accounts

May be required for payment of property taxes on new loans and flood insurance if collateral is located in a flood zone. 

Automatic Monthly Payments

Make loan payments from a First Federal account with First Federal Online Banking & Bill Pay

Consumer & Auto Loans

Is it time to replace the family vehicle or finally invest in a ski boat? Get what you need (or want) with a First Federal consumer loan.

Collateral

Car Or Light Truck

Motorcycle, ATV Or Boat

Term for New Vehicles

Rate and terms based on year of vehicle and credit score

Up to 60 months

Terms and Financing for Used Vehicles

Rate and terms based on year of vehicle and credit score

Up to 36 months. Must be three or fewer years old.

Rates

Fixed

Fixed

Automatic Monthly Payments

Make loan payments from a First Federal account with First Federal Online Bill Pay

Make payments from a First Federal account with First Federal Online Bill Pay

Local Loan Approval and Servicing

Local decision-making gets you timely, personal and flexible decisions

Local decision-making gets you timely, personal and flexible decisions

Check Rates Contact Us

Vehicles with more than 120,000 miles not eligible for financing

Express Auto Loan Program

  • Auto loan applications of $50,000 or less
  • Credit score of 700 or greater
  • One year stable employment (same employer - includes self-employed) or retired.
  • Applications that do not meet this criteria require normal full underwriting.

*  All loans are subject to credit approval

** Rates are based on credit history and credit qualifications and include a 0.25% discount for automatic payment from a First Federal deposit account.

If automatic payment from a First Federal deposit account is not selected, increase quoted rate by 0.25%.  If the automatic payment option is cancelled during the life of the loan, the rate will subsequently increase by 0.25%.

***Auto Refinance:  add 1/4% to rates listed above, $50.00 loan fee applies and LTV based on Low Kelley Blue Book

****Carfax required on all private party and refinance transactions

Check Your Credit Score

Request a free copy of your credit report from each of three major credit reporting agencies once each year at AnnualCreditReport.com or call toll-free 1-877-322-8228.

Community Matters

Our philosophy continues to guide our decision-making and strengthen our dedication to our customers and our community. When you bank with us, your money is invested here and stays here, working for and giving back to our community.

Giving Programs

Community Support

Financial Education

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