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

Home Equity Line of Credit Payment

Repayment of a home equity line of credit requires that the borrower make a monthly payment to the lender. For some home equity lines of credit, borrowers can make interest-only…

How Escrow Accounts Work

When you purchase a home with the help of a lender, the lender will likely set up an escrow account for you as well. The lender collects the money from…

Building Equity in Your Home

If you own a home, the mortgage payments you make each month could help you build a substantial asset – home equity. The home equity you build represents how much…

Understanding Mortgages

Most people will need a mortgage to finance the purchase of a home. A mortgage works much like any other loan: You borrow money from a bank, credit union or…

Finding a Real Estate Agent

Real estate agents fill important roles in the home buying and selling process. Finding the right real estate agent for your situation may take a little time, but it is…

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…

Consolidating Debt with Home Equity

Home equity loans can be used to consolidate account balances from multiple credit cards or installment loans into a single loan, while offering the added benefit of consolidating multiple payments…