Our bank has been helping customers be more financially successful through home ownership for nearly 80 years. We are excited to build on this tradition...to help Veterans take full advantage of the home loan benefits they've earned.
Union City, NJ (PRWEB) April 30, 2013
VA Loans are a unique offering of Veteran Affairs backed mortgages available to eligible US military veterans and their families. The program offers unique loans including the only 100% financing option for borrowers today. Having multiple VA loan lenders to work with and choose from, allows you and your service provider the opportunity to get the best VA Loan rate and product to meet your needs.
VA Loan Captain works with leading banks nationwide, and today has announced a formal partnership with First Federal Bank to provide VA Loans to veterans nationwide.
This partnership is significant in that First Federal Bank is a mutual bank as opposed to a traditional National Bank. The bank is community owned, and all profits are reinvested further into developing additional loan product and servicing the needs of the customer, first and foremost. This unique community ownership approach has helped many mutual banks rapidly grow into sound financial institutions. When the bank is strong, it is able to offer it's clients very competitive rates through economies of scale and a customer first approach.
First Federal Bank currently holds nearly $400 million in assets and has over $50 million in capital, which is over three times the minimum capitalization required by regulators. The bank was founded in 1934 and has been offering VA Loans since 1946.
“Our bank has been helping customers be more financially successful through home ownership for nearly 80 years," says Les Peterson, Senior Vice President & Chief Lending Officer for First Federal Bank. "We are excited to build on this tradition by partnering with VA Loan Captain to help Veterans take full advantage of the home loan benefits they’ve earned.”
With interest rates still at relative historical lows, and a strong VA Loan Lender platform to work with, veterans have a chance to lock in very good deals for low payment VA mortgages. Whether they are looking to buy a new home, or refinance an existing home using the VA IRRRL 'streamline' program, now is the time to take advantage of the unique offers available.
To get detailed information about your options as a veteran home buyer, visit http://www.valoancaptain.com today.
About First Federal Bank
Founded in 1934, the bank is a Federally chartered 'mutual' community owned bank. The bank is able to issue loans on homes nationwide. First Federal is based in Kansas with six locations, and have been issuing FHA loans since 1934, and VA Loans since 1946.
About VA Loan Captain
VA Loan Captain, Inc. assists veterans and service members obtain competitive interest rates and fees on their VA loans through a platform of approved lenders. The company is a service disabled veteran owned small business registered in New Jersey and verified by the US Department of Veterans Affairs. VA Loan Captain, Inc. is listed and searchable within the Department of Veterans Affairs Vendor Information Pages.