Ally Bank
3.5 Bankrate ScoreAlly Bank began offering direct-to-consumer home...
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Formerly affiliated with BNC National Bank, the First Federal Bank Mortgage Lenders team specializes in VA loans, but can help you obtain a conventional, FHA or USDA mortgage as well. The team is based in Kansas, but works with borrowers nationwide.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Star ranking and total number reflects the lifetime customer reviews received while this lender has been an advertiser on Bankrate.
To help serve you with relevant information, the customer reviews shown are limited to only those that this advertiser has received during the past 12 months.
Loans offered
Conventional, jumbo, FHA, VA, USDA, refinancing
Min. credit score required
620 for conventional loans
Nationwide availability
All U.S. states
Min. down payment
Undisclosed
Formerly affiliated with BNC National Bank, the First Federal Bank Mortgage Lenders team offers a wide range of loan programs but specializes in serving veterans with VA loans, with more than 50 percent of its business coming from the sector.
Specializes in VA loans
Will use manual underwriting to work with borrowers who have less-established credit histories
No e-closing option available
Limited branch network
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.
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.
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.
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:
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.
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.
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.)
The First Federal Mortgage Lenders team offers both rate-and-term and cash-out refinancing options.
Rating: 3.8 stars out of 5
3.8
Bankrate Score
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
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Rating: 4.9 stars out of 5
4.9
Bankrate Score
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
|
Rating: 4.8 stars out of 5
4.8
Bankrate Score
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
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Loans offered Conventional, jumbo, FHA, VA, USDA, refinancing |
Loans offered Conventional, jumbo, FHA, refinancing and more |
Loans offered Conventional, jumbo, FHA, VA, USDA, refinancing and more |
Min. credit score required 620 for conventional loans |
Min. credit score required 620 for conventional loans, 500 for FHA loans |
Min. credit score required 620 for conventional loans, 580 for FHA loans, 580 for VA loans |
Down payment Undisclosed |
Down payment 3% for conventional loans, 3.5% for FHA loans |
Down payment 3% for conventional loans, 3.5% for FHA loans, none for VA loans and USDA loans |
Nationwide availability All U.S. states |
Nationwide availability Available in all U.S. states except Texas |
Nationwide availability All U.S. states |
NMLS: 408902
5.0
73 ratings
This lender has 73 recent reviews.
100% of customers would recommend this lender.
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In addition to collecting reviews on-site, Bankrate collaborated with third-party Slice MR to survey 750 homeowners nationwide in July 2024. Bankrate and Slice MR collected, averaged and presented responses to nine questions. Users received an incentive for their feedback. Responses are based on individual experiences, and therefore cannot be verified for accuracy. User ratings are unedited and have not been reviewed or approved by lenders, nor do these ratings reflect Bankrate’s own reviews of these lenders.
To help serve you with relevant information, the consumer reviews shown below are limited to only those that this advertiser has received during the past 12 months.
Rates and terms of loan honored?
Closed mortgage with this lender?
Closed on time?
Would you recommend this lender?
Rates and terms of loan honored?
Closed mortgage with this lender?
Closed on time?
Would you recommend this lender?