Bedford Federal Savings Bank
Mortgage Services
Lending Services





Lending Services



Fixed Rate Loans

  • A fixed rate loan gives you the security of knowing that your Interest rates are fixed throughout the life of the loan. We offer several options in the secondary market. Terms can vary from 15, 20, and 30 year options. VA Loans and Rural Housing Loans are also available with 0% down payment.

ARM Loans:

  • An Adjustable Rate Mortgage offers you the flexibility of a lower interest rate while starting out with an initial fixed rate but adjusting to the current market conditions after a predetermined lock period of (1, 3, or 5 Years).

 Construction Loans

  • Looking to build your dream house? Come in or call our Loan Officers to get started on building your home of your dreams. We offer several options to get your home completed just the way you have in mind.

Home Equity Loans

  • A Home Equity Loan is very similar to other loans. The lender gives you a lump sum, expecting repayment plus interest and other fees. Home Equity Loans are secured by your home and are good for use on a specified project for a set amount. Many people find that Home Equity Loans are convenient for debt consolidation, paying for education expenses and paying for other personal expenses, as the interest rate is often lower and usually tax-deductible (please consult your tax advisor).

Home Equity Line of Credit

  • A Home Equity Line of Credit (HELOC) is another type of home equity. However, a HELOC is considered a "Variable Rate" revolving credit account. It is flexible. It works like a line of credit - you can borrow money, and as you pay it down, you can borrow more. A HELOC comes with a limit that usually corresponds somewhat to the equity you have in your home. Money from a home equity line of credit is fairly accessible. You don’t have to apply for a new loan to get more money if you need more than you thought you did. However, you do have to stay within your limit. Like a Home Equity Loan, the HELOC often has tax-deductible interest payments.

Personal Loan

  • We can help you with a new ATV, boat, or by helping you to pay off your high-rate credit card balances, cover unexpected expenses, or vacations. Terms are tailored to individual situations up to 36 months.

Auto Loans:

  • We offer a variety of terms for automobile loans. We offer up to a 72 month loan term for new vehicles.

CD Secured:

  • Have money invested in a CD and you don’t want to cash it in to pay off an unexpected expenses, we can use it as collateral and offer you a competitive low interest rate all the while keeping your money in a CD. 



Loan Calculators


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