1) One (1) offer (up to $300) per business account; cannot be combined with any other offer. Offer limited to the first 50 customers who meet the criteria. Bank transfers from an existing personal or business First Federal Bank account do not qualify. Offer not valid to anyone whose accounts have been closed within 90 days, or whose accounts closed with a negative balance within the past three years. Once the criterion is met, the bonus will be credited to the new account no later than 120 days from the open date. If either account is closed by the customer within 6 months after account opening, First Federal Bank reserves the right to deduct the bonus amount from that account at closing. Offer valid until June 30, 2024
2) 7.99% available to those who qualify. Loan approval is subject to credit underwriting and approval. Loan available for up to and including $75,000, fixed interest rate for up to 60 months, fully amortizing with principal payments. Customer is responsible for closing costs. First Federal Bank business checking account and auto debit required.
3) The 7.00% Annual Percentage Rate (APR) is a 12-month promotional rate. After 12-months the APR Margin will be based on credit worthiness at that time (e.g. Prime+ 0% - 3.5%) capped at 18%. As of 1/30/2024 the prime rate is 8.50%. 25 year term with a maximum amount of $250,000 on 1st mortgage and $150,000 on 2nd mortgage which are only available on site built homes.