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.

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Here’s some features of the product

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Additional Resources

Buying vs Renting a Home

Does it make more sense to rent than to buy? That has been a long-running debate in this country. However, the question is flawed: There is no correct answer. There…

Rent or Buy?

Depending on how fast prices and rents rise and how long you stay in your home, you may be better off renting rather than buying. Factors that are part of…

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…

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…

Understanding Your Debt-to-Income Ratio

Your debt-to-income ratio (DTI) is the percent of your gross monthly income that goes toward required debt payments. This number allows potential lenders to see at a glance whether you…

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…

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…