Why Choose First Federal Lakewood

As we help you with your banking needs and grow together, we’re proud to be part of your community.

Careers

Our employees are valued, respected, and their voices are heard.

Community Impact

Our commitment to our neighbors has been setting us apart since 1959.

Management Team

Their experience and dedication provide strategic direction for today — and tomorrow.

Board of Directors

Our Board of Directors ensures we are fiscally sound and focused on your needs.

Some product features

Here’s some features of the product

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Additional Resources

Using the Equity in Your Home Wisely

You’ve paid down a significant amount of your mortgage. Since you have, you now have an equally significant amount of home equity. This is good news. Home equity provides you…

Saving for a Down Payment on a Home

Owning a home instead of renting is often a wise financial move. It allows you to reduce your overall monthly costs while you build equity in real property. The biggest…

Cash-Out Refinancing or a Home Equity Loan?

What’s the top benefit of owning a home? Many would point to the equity you gain as you steadily pay down your mortgage. For instance, if you owe $100,000 on…

Are You Ready to Buy a Home?

Ready to test your knowledge on buying a home? You’ll have ten multiple choice questions to answer. Click on each question to reveal the question and multiple choice answers. After…

Calculate a Home Equity Loan Payment

Repayment of a home equity loan requires that the borrower make a monthly payment to the lender. That monthly payment includes both repayment of the loan principal, plus monthly interest…

Should You Refinance Into a Shorter Term Mortgage?

When mortgage rates are high — and in December 2022, the rate for a 30-year mortgage loan was at 6.27 percent, while the 15-year fixed-rate mortgage loan was at 5.52…

Tips for a First Time Home Buyer

The hallmark moments in our lives — the ones that truly change our trajectory – are celebrated down every greeting card aisle in America. Beyond “Happy Birthday,” “Bon Voyage,” “It’s…