Dedicated Time and Resources with Your Local Bank

Buying and financing a home can be an overwhelming and confusing process. Our team of experienced loan professionals is here to help you find the right solution to meet your individual needs.

We take the time to get to know you and find out what you’re looking for in a new home, including discussing your budget, credit and timeline. Then, we can recommend mortgage programs that are the best fit for you. 

You’ll work with one Fidelity Federal team member from the beginning of the homebuying process to the end. Our local loan officers will originate, underwrite and close your loan. We’re here to assist you every step of the way, and we’ll do our best to communicate proactively with you.

Fixed-Rate Mortgage

Fidelity Federal’s fixed-rate mortgage program offers 10-year, 15-year, 20-year and 30-year terms. You’ll never have to worry about your principal and interest payments changing. Additionally, escrow options are available. 

Adjustable-Rate Mortgage

We offer two adjustable-rate mortgages: the 5/1 and 7/1. The primary difference between the two options is the length of time of its fixed interest rate. The 5/1-year adjustable-rate mortgage has a fixed rate for the initial five years, and the 7/1-year adjustable-rate mortgage has a fixed rate for the initial seven years.

Details of both adjustable-rate mortgages include:

  • Lower initial interest rate
  • The remainder of the term is a one-year adjustable
  • The index is the Weekly Average Yield on U.S. Treasury Securities adjusted to a constant maturity of one year
  • Interest rate caps of 2% at every 12-month adjustment period
  • Life of loan interest rate caps of 5% protect you from extreme fluctuations in your payment

First-Time Homebuyer

Our First-Time Homebuyer mortgage is a great option for those purchasing a home for the first time. 

  • 5% down payment
  • No Private Mortgage Insurance (PMI)
  • Primary residence in Ohio only

Construction/Permanent Loan

With our construction/permanent loan, you can lock in your rate for the life of the loan and avoid two closings. Fidelity Federal offers six-month or one-year construction periods combined with the permanent loan terms of your choosing. 

A fixed interest rate is charged during the construction phase on funds disbursed. Amortized payments of principal and interest begin upon the completion of the construction phase.

Additionally, we have temporary construction and lot loans. The temporary construction loan is a six-month or one-year fixed-rate interest-only loan.

The lot loan finances a parcel of land where you’d like to build a home. We offer a five-year maximum balloon loan where you pay low monthly payments for up to five years, followed by a large final payment to cover the remaining balance at the end of the term. 

Investment Property

Investment property loans are similar to our other mortgage programs but have a slightly higher interest rate than owner-occupied ones.

Welcome Home

The Welcome Home Program is an annual program that offers grants of up to $25,000 for low- and moderate-income homebuyers. The funds can be used to help pay for down payments or closing costs.

Honorably discharged veterans, surviving spouses of military personnel and active-duty military personnel are eligible to receive up to $25,000. All others may receive up to $20,000. The home you are purchasing must be used for your primary residence to be eligible for the grant funds. 

Note: You may be required to pay back the grant if you plan on moving from the home within five years. This five-year retention period will be detailed in the warranty deed upon closing. 

To check for availability, please contact your local lending team.

Government – FHA and VA Loans

  • FHA Loan – A FHA loan is a good option for individuals who want to purchase a home but may be unable to save money for a down payment, like recent college graduates, current students, newly-married couples or young adults entering the workforce.
  • VA Loan – A VA loan is available for individuals presently serving in the U.S. military and planning to purchase a home as their primary residence. The Department of Veterans Affairs (VA) doesn’t lend money for the loan, but it does back the loans made by private lenders like us, for veterans who qualify. 

Use Automatic Payments to Manage Your Mortgage Loan

Our automatic payment service allows you to schedule monthly deductions at no charge from your Fidelity Federal deposit account or an account from an outside institution. Setting up automatic payments is a convenient way to stay on top of your mortgage loan and helps you avoid missing a payment or incurring late fees.

Collage of 3 photos: Young couple with toddler on shoulders of dad looking at home, key in the front door of a house, couple shaking hands over mortgage loan closing

Frequently Asked Questions

What is the interest rate on these accounts?

How do I get started?

Schedule an appointment with one of our loan officers to discuss your unique goals, timeline and needs — or, if you’re ready, you can apply online to begin the process.

Do you have a special loan for first-time homebuyers?

Yes! We have a special mortgage for first-time homebuyers with a 5% down payment, no private mortgage insurance and limited verifications. Another option for first-time buyers is the Welcome Home Program, which offers up to $25,000 for low- and moderate-income borrowers.

Schedule an Appointment with a Loan Officer

Our loan officers are here to help make the loan process go as smoothly as possible. Schedule a time that works best for you — you’ll be in great hands with the Fidelity Federal lending team.

Loan Application

Is my data secure when submitting this form?

Yes. Fidelity Federal’s website uses the latest encryption technology to ensure your information stays private. We don’t sell or share your information without your permission.

Ready to Apply for a Mortgage?

Our online application is quick and easy — get started today.