Do you ever get the feeling your banker can talk the talk, but can’t walk the walk?

As real estate investors ourselves, we found the process of securing a mortgage for investment properties complex and frustrating. As lenders, we felt very much the same. So, we broke the whole process down looking at it through both lenses... the investor and the lender. We removed the unnecessary components and reconstructed it to favor simplicity and efficiency.

We believe in “If it makes sense, do it!” and our motto is “We run our bank like a business, not a bank!” Our way of talking the talk...

Offering a tier-one product to strong borrowers on desirable investment properties using our proprietary, streamlined underwriting criteria…quick! Our way of walking the walk...

Why First Western Federal Savings Bank

First Western Federal Savings Bank has been a portfolio lender for over 40 years. That means we keep every loan we make on our books and service them until the loan is paid off. Our lenders have experience working with investors like you who have lending needs that are different from the average investor. We have a top-notch escrow department that can tell you the status of your loan with us at any time. Our personalized service is second to none.

Special Scenarios

Perhaps you have maxed-out your Fannie/Freddie loan options. Because we are a portfolio lender, we offer the best overall program for real estate investors nationwide- with no limits to the number of loans or properties a borrower can own or leverage.
Or maybe you have created an LLC or Trust to hold your real estate holdings - shielding liability or to create anonymity. Nonsense is writing a personal loan and requiring the entity pledge assets. Common sense is writing a commercial loan direct to the legal entity owning the collateral.
Not every investor is the same. Whether you are purchasing your first investment property or are a seasoned investor with several properties, our Investor Loan Program is custom-tailored to each investor and is suited to help investors grow their portfolios.

Eligible Properties

From coast to coast, we lend in 49 states to investors for the purchase or refinance of investment properties. Whether leased long-term or operated as a nightly/weekly vacation rental and everything in between, we will consider nearly any developed property.

• 1-4 Family Residential
• 5 Units+ residential and apartments
• Commercial/Industrial buildings
• Ag Land with income

Process

Our process is straight-forward and simple. Complete the application and submit it along with transaction specific documentation (leases, Profit/Loss, Purchase Agreement or closing settlement statement) along with necessary financial condition reports on the entity/borrower/owners (tax returns, Personal financial statement, and paystubs, etc.). We will decision the loan within 48 hours, making a loan offer subject to appraisal/inspections. It is our goal to close the transaction within 30 days of our offer (property and contract dependent).
We lend up to 70% LTV. The property’s income is the primary driver for our investment property loans, but also taken into consideration is the total income for the entity applying for the loan and that of the owners/trustees of the entity, along with their credit histories. In most cases we will require a state-certified appraisal and personal guarantees from the beneficial owner(s) of the entity obtaining our loan.

Terms

We write 30-year loans. We offer both fully amortizing adjustable and fixed-rate loans.