Federated Bank

Providing Our Communities with Exceptional Banking

Community Banks Are Helping Customers Secure Their First Home

Tips to Help Simplify the Homebuying Process

In recognition of National Homeownership Month, Federated Bank and the Independent Community Bankers of America (ICBA) are encouraging consumers to consult their local community banker about the homebuying process. As detailed here, there are ways to make the process simple, efficient, and more affordable. At Federated Bank, we are dedicated to doing what we can to make homebuying as easy as possible.

Owning a home is a major purchase and an important component in building financial independence. The mortgage experts at Federated Bank want to make what can be a lengthy and complex process as effortless as possible and walk you through what to expect so you can assess your needs and find suitable options to finance your first or forever home. From our easy online mortgage application through the signing and closing, we are here for homebuyers.

Whether you are refinancing or purchasing your home, Federated Bank can help you determine:

  • The ideal loan amount and products to meet your budget considerations. We can review the mortgage process in detail and flag ideal programs and loan features.
  • How mortgage rates, terms, and related expenses (including property taxes and insurance premiums) affect payments. This will help you set a home budget and manage your homeownership expenses.
  • Your rights and obligations under your mortgage contract. Today’s consumers have many financing options—each with unique stipulations outlined in the fine print.
  • Suitable government-sponsored programs. In addition to federal homeownership and home-buying assistance programs, we can recommend state, local government, and specialty programs for consideration.
  • Additional resources to help create a budget and set financial targets. We can help you find additional helpful resources, such as the free online educational tools found at www.hud.gov.

For many Americans, homeownership helps strengthen community roots, establish financial stability, and create generational wealth. As relationship lenders, your local community bank, Federated Bank, can shepherd you through the process and improve your outlook as an informed buyer.

For more information on how Federated Bank can support your homeownership needs, visit us at federatedbank.com/mortgage or contact us at (800) 843-3708.