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Home Loans

We Don't Sell Your Loan
When you borrow from First Shore Federal, your loan stays here. Since 1953, our mission has been to serve the residents of the lower eastern shore by offering competitive loan products. That commitment doesn’t stop when you settle on your new home loan. We’re there for you each and every month when you make each payment and when you have questions.
  • Your payments can be made easily by mail or in person at one of our eight convenient branch locations.
  • When you have a question, we are just a local phone call away.
So if you are considering a new home loan, call us, we're there for you!

Adjustable Rate Loans

  • Offers a lower initial interest rate and payment than most fixed rate loans.
  • A beneficial option for buyers who expect to earn more in later years, but want to qualify sooner for a larger amount.
  • Initial fixed interest rate for 1 year, 3 years, 5 years and 10 years.
  • 15 and 30 year terms available.
  • No application fee.
  • No penalty for prepayment of the loan.

Fixed Rate Loans

  • Offers the security of a fixed payment throughout the loan term.
  • 10, 15, and 30 year terms available.
  • Pay less interest and build equity faster by choosing a shorter loan term.
  • No application fee.
  • No penalty for prepayment of the loan.

Lot Loans

  • Initial fixed interest rate for 1, 3, and 5 years.
  • 20 year term available.
  • No application fee.
  • No penalty for prepayment of the loan.

Construction Loans

  • Construction to Permanent loans available.
  • Pay interest only on the funds disbursed during the construction period.

Investment Loans

  • Initial fixed interest rate for 1 year and 3 years.
  • 30 year term available.

Commercial Real Estate Loans

Customized loans available, please call for information.

Mobile Home Loans

  • Fixed Rate loans available on new and used mobile homes.
  • A variety of loans are available for mobile home/lot financing.
  • No application fee.
  • No penalty for prepayment of the loan.

If you would like to receive additional information about these loans or any services offered at First Shore Federal, please write to us at: PO Box 4248, Salisbury, MD 21803-4248 or send us an eMail.



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First Shore Federal Savings and Loan Association
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Last Updated Thursday, June 26, 2008