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

Paying Off a Home Equity Loan or Line of Credit

The length of time it will take to pay off a home equity loan or line of credit is largely driven by the interest rate being paid on the outstanding…

Using the Equity in Your Home

Ready to test your knowledge? You’ll have ten multiple choice questions to answer. Click on each question to reveal the question and multiple choice answers. After you’ve completed answering all…

Understanding Home Equity

One of the great benefits of owning a home is that as you pay off your mortgage loan you build up equity. What exactly is home equity? Simply put, home…

FHA Mortgage Basics

FHA mortgages are a popular option for first-time home buyers to consider. These loans offer attractive terms, including the ability to make smaller down payments and a some flexibility when…

About Private Mortgage Insurance

If you are in the market to buy a new home and have less than a 20 percent down payment, you are usually required to buy private mortgage insurance. Overview…

What’s the Deal with Timeshares?

A timeshare offers regular access and partial ownership to a condo, resort, or vacation property. Resort rooms and timeshare units are usually situated at popular travel destinations, like mountains, beaches,…

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…