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The Federal Savings Bank

4.5

About this business

We are a veteran-owned, federally chartered bank with a focus on educating our customers about the mortgage process. To ensure we provide the highest quality mortgage experience, we start with understanding the needs of our customers. With our high standards for customer satisfaction, employee professionalism, and the ability to lend across all 50 states, we provide the opportunity for home ownership. 

Location details

961 Morris Park Ave, Bronx, NY, 10462, United States

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WeekdayScheduleStatus
Mon8:30 a.m. to 5:30 p.m.
Tue8:30 a.m. to 5:30 p.m.
Wed8:30 a.m. to 5:30 p.m.
Thu8:30 a.m. to 5:30 p.m.
Fri8:30 a.m. to 5:30 p.m.
SatClosed
SunClosed
4.5615 reviews
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Abe H's profile image
Abe H 
4 years ago

I have used the federal savings bank for a mortgage and to refinance. Both times the process was very easy and painless. James and his team did a great job at navigating through all the paperwork and left me without worry. The customer service was some of the best I have ever had. I would definitely recommend the federal savings bank to my family and friends. 

Michelle R's profile image
Michelle R 
4 years ago

We were pleased with FSB & banker Vidal's exceptional communication, attentive care throughout loan process. His extensive knowledge, together with his professionalism & integrity, helped us achieve our financial goals & peace of mind. 

Wendy T's profile image
Wendy T 
4 years ago

Chad ******** and his team at The Federal Savings Bank are fantastic, knowledgeable and into relationship banking. 

Martin D's profile image
Martin D 
4 years ago

This was a great overall experience,made it simple to do and things rolled out smoothly. 

victoria w's profile image
victoria w 
4 years ago

Daniel ****** and his boss Neal ***** were by far the worst people we have ever had to deal with. The 30 day closing on our home took 120 days. Yes you read that right. 4 months. Danny and his coworkers managed to push this back week after week. They were rude and unprofessional during the process. I would never recommend this mortgage company 

Kevin F.'s profile image
Kevin F. 
4 years ago

The Federal Savings Bank was very professional, easy to work with and great at explaining all of the steps in refinancing my VA loan. I highly recommend them. 

Frank H.'s profile image
Frank H. 
4 years ago

To whom it may concern: On April 3rd 2020 I was contacted by Coner ****** of The Federal Savings Bank | 900 Wilshire Drive Suite 351, Troy, MI 48084 about refinancing our home. It was determined that we would not qualify for a conventional loan but may qualify for a VA loan. He then asked for 725 dollars to cover the appraisal and I gave him a credit card. I was also contacted by another lender and he told me because we had taken money out on a previous loan we would not qualify for a VA loan. I then contacted Coner and told... read more

Business response:

Hi Frank, We regret to hear you had a negative experience with us. We would like to look into this further on your behalf. If you have any additional details to share on your experience please email us directly at customersupport@thefederalsavingsbank.com Thank you, Customer Support 

Adam O's profile image
Adam O 
4 years ago

This bank is worse than TERRIBLE when it comes to customer service. A one star rating gives too much credit to this bank. The loan officer that was assigned to deal with my case file in refinancing a VA loan name is Yousof. This person was trying to rip me off by saying he was giving me $5000 back in lender credit when all he was doing was offsetting the cost of the loan. When I called him out on it, this man had the gull to insult my intelligence, call me a r***** and a dumbass. I am not exaggerating this is the actual trut... read more

Business response:

Hi Adam, We regret to hear you had a negative experience with us. We would like to look into this further on your behalf. If you have any additional details to share regarding your experience please email us directly at customersupport@thefederalsavingsbank.com Thank you, Customer Support 

Steven R's profile image
Steven R 
4 years ago

Cannot stop this company from contacting me. They send a letter that looks almost exactly like it's from my current mortgage company EVERY SINGLE WEEK. This is just a way to trick people into calling in. Everytime I move there is another company that pulls this phishing scam by mail or god forbid you give them more info by email or phone. I am permenantly on the do not mail list and no matter what I do these people will not stop contacting me about "available funds". 

Business response:

Hi Steven, We regret to hear you had a negative experience with us. We can add you to our opt out mailing list. To complete this, we will require either your full mailing address or the notice ID number on your most recent mailer. Please send either of those to us via email to customersupport@thefederalsavingsbank.com Thank you, Customer Support 

Frequently asked questions about The Federal Savings Bank

How is The Federal Savings Bank rated?

The Federal Savings Bank has a 4.5 star rating with 615 reviews. 

When is The Federal Savings Bank open?

The Federal Savings Bank is closed now. It will open tomorrow at 8:30 a.m. 

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