Apply Today. Envision Tomorrow.
At Dearborn Federal Savings Bank, we take pride in helping families secure affordable mortgages. We believe everyone deserves a fair chance at owning a home.
Affordable mortgages and transparent rates help ensure you “Get More Home.”
- Long-term affordability
- Flexible tax payments and escrow requirements
- Crystal-clear lending terms
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We Do Mortgages Differently
Every year, we help hundreds of families in greater Dearborn and across Wayne County become proud homeowners.
As a community bank, our focus is on investing in Dearborn, and investing in your dreams. As a result, a mortgage with us comes with unique features:
- We are your mortgage servicer for the length of your mortgage: most other financial institutions sell your mortgage to 3rd party servicers soon after closing. We remain your partner as long as you have a mortgage with us.
- Flexible Escrow Terms: Michigan’s Property Tax Uncapping laws can result in dramatic increases in taxes during the first year of homeownership. Most banks require escrow reserves, that can dramatically increase your payment. Our flexible escrow terms lessen the impact that these laws have on your budget.
- Easy PMI Removal: some lenders make PMI removal complex and difficult, meaning you could be paying PMI much longer than necessary. You work hard to improve your home – and we make it easy to remove PMI when you’re ready.
- When you apply for a mortgage online, AND set up auto-payment for your mortgage payment from a Dearborn Federal Savings Bank checking or savings account, you qualify for a 0.125% discount off your mortgage rate.
Subject to new account opening procedures and guidelines.
Trust Our Lending Team
We are unique as our loan officers don’t work on commission. That means we are fully focused on finding the most affordable mortgage for you – not just closing the deal.
Dearborn Federal Savings Bank is more than a mortgage lender – we’re your partners in building your brightest future.
Start Your Mortgage Application Online
Click “Apply now”
and complete the online mortgage application. It takes about 20 minutes.
We’ll help with pre-approval
as you gather the paperwork to secure your loan.
Find your dream home
and you’ll have 60 days to lock in or lower your lending rate before closing.
Apply Now Online
Our lending team will review your application and get in touch quickly to discuss your mortgage options.