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Mortgage Loans
Slavie Federal Savings Bank offers a variety of mortgage, home equity and home improvement loans to suit virtually any borrowing need. Please note that, at this time, we are only originating loans for Maryland residents.
For those interested in the traditional features of mortgage lending, Slavie Federal offers 10-year through 40-year Fixed-Rate Mortgages. For customers who prefer lower mortgage payments during the first year, Adjustable-Rate Mortgages are also available. Slavie Federal also offers Community Development Administration and Jumbo Mortgage programs.
If you have any questions about mortgage lending or other personal lending programs at Slavie, please call our Loan Consultant at 443-265-5561, or send us an e-mail at lending@slavie.com.
Fixed-Rate Mortgage Loans 
 Terms from 10 through 40 years
Maximum 100% loan-to-value ratio (LTV)
Fixed rate for the life of the loan
Adjustable-Rate Mortgage Loans
First-year rate slightly lower than traditional
fixed-rate mortgages
Rate and monthly payment adjusted annually
No prepayment penalty
Community Development Administration Mortgage Loan
30-year fixed rate
Reduced interest rate and points
Available for purchase of a primary residence
MORE HOUSE FOR LESS with down payment
and settlement cost assistance
Certain income restrictions apply
100% Loan-to-Value
Jumbo Mortgage Loans
Loans in excess of $417,000
Maximum 100% loan-to-value ratio (LTV)
Choose from 10-year through 40-year terms
80/10/10 Financing Program
Our 80/10/10 loan combines the low rates of a standard mortgage loan with the flexibility of a variable home equity rate. You may choose from our full variety of first mortgage products (see above) for the 80% loan.
Downpayment is 10.1% of the selling price.
The first mortgage is 80% of the selling price.
For the other 9.9%, our variable home equity
loan rate applies; or, you may select from our
fixed term and rate options.
Mortgage insurance is not needed with this
program.
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