Home Loans
Whether you're purchasing a new home
or refinancing your existing mortgage,
We have programs for fixed and adjustable-rate mortgages, lot and construction financing and jumbo mortgages
Apply for your loan now!
Start your online loan application to begin your home purchasing journey. You can choose a location with whom you would like to work with. Click on the Apply Now button in your area to begin the process. You can save your progress by easily creating an account. Our helpful and knowledgeable Loan Originators will reach out to you after your submission to talk next steps. We look forward to being part of your journey to home ownership!
And 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.
- Make your payment easily by mail, electronically through ACH or in person at one of our convenient branch locations. In addition, when you establish a deposit account with us, you can transfer funds via our Internet Banking application.
- When you have a question, we are just a local phone call away
So if you're considering a new home loan, call us, we're here for you!
Fixed Rate Loans
Offers the security of a fixed payment throughout the loan term
- 10, 15, 20 and 30 year terms available
- Choose a shorter term - pay less interest and build equity faster
- No application fee
- No penalty for prepayment of the loan
Adjustable Rate Loans
Our loans feature interest rate caps that protect the homeowner from unanticipated payment changes
- Lower initial rate and payment than most fixed rate loans
- Great option if you plan to sell your home or refinance within 10 years
- Initial fixed interest rate periods available for 1, 3, 5 or 10 years
- 15 and 30 year loan terms available
- Choose a shorter term - pay less interest and build equity faster
- No application fee
- No penalty for prepayment of the loan
Unimproved Lot Loans
Not ready to build, consider a lot loan to purchase the lot of your dreams
- Initial fixed interest rate for 1, 3 or 5 years
- 20 year term available
- No application fee
- No penalty for prepayment of the loan
Construction Loans
A short-term loan where funds are disbursed during construction
- Construction to Permanent loans available
- Pay interest only on the funds disbursed during the construction period
Manufactured Home and Land Loans
We offer single and double wide manufactured home (also known as mobile homes) and land financing
- Fixed and Adjustable rate loans available
- No application fee
- No penalty for prepayment of the loan
Manufactured Home Only Loans
We finance manufactured homes in parks or on private property
- Fixed rate loans available on new and used manufactured homes (also known as mobile homes)
- No application fee
- No penalty for prepayment of the loan
Residential Investment Property Loans
- Initial fixed interest rate for 1 year or 3 years
- 30 year term available
Commercial Real Estate Loans
- Customized loans available, please call for information
When opening a business deposit or loan account, all banks are required to obtain information verifying the business as well as the individuals associated with the business. Visit our Beneficial Owners of Legal Entities section for more information.
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 e-mail. Or feel free to visit any of our convenient branch locations.
Nationwide Mortgage Licensing System and Registry
- First Shore Federal is registered in the Nationwide Mortgage Licensing System and Registry (NMLS). The assigned NMLS number is 431561.
- View our loan officer Nationwide Mortgage Loan System registration identification information.