Home Loans

Home Loans Are Our Specialty! Since 1904, Tecumseh Federal Bank’s primary lending focus has been for the purpose of constructing, purchasing, refinancing, or improving residential properties.

Your Loan Is Important to Us! TFB underwrites all of its loans and holds them in our portfolio. Your loan and data will not be sold to some other company. We will be the one you call to answer your questions and service your requests.

You’ll Find Our Rates Very Attractive. Loan Origination Charges are included in these examples. No Document Preparation Fees! No Prepayment Penalty!

(Data as of October 1, 2020. Contact our office for current information.)

These examples will show you how our rates on a $40,000 using a 20% down payment ($10,000) loan compare:

 Fixed Rate (15 Year)Fixed Rate (20 Year)Fixed Rate (30 Year)
Loan Rate 4.50% 4.75% 5.00%

Annual Percentage Rate 

(The cost of credit as a yearly rate)

4.666% 4.881% 5.098%

Finance Charge 

(The dollar amount the credit costs)

$15,551.00 $22,510.27 $37,777.13

Amount Financed

(The amount of credit provided)

$39,529.00 $39,527.33 $39,525.67
Total of Payments (Principal and Interest only) $55,080.00 $62,037.60 $77,302.80

Monthly Payments 

(Taxes and Insurance premiums not included)

180 @ $306.00
start 11/1/20
final 10/1/35
240 @ $258.49
start 11/1/20
final 10/1/40
360 @ $214.73
start 11/1/20
final 10/1/50

Home Loan Application -- Complete and Mail to Us

Member FDIC Equal Housing Lender