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At Security Federal Savings Bank we offer several loan options: Conventional loans - This type financing features an interest rate that is set for up to 30 years. Federal Housing Administration (FHA) - This loan offers the benefit of a low down payment. Veterans Administration (VA) - VA loans make 100 percent financing available to borrowers with at least six months active duty and fixed rate financing up to 30 years. Rural Economic and Community Development (RECD) - These loans offer 100 percent financing and the possibility of including closing costs in the loan, if the property appraises for more than the sales price. Tennessee Housing Development Agency (THDA) - This loan is for first-time home buyers or buyers who have not owned a home within the past three years and offers a lower fixed interest rate up to 30 years. Refinance Security Federal Savings Bank can help with your refinance needs, whether for a lower rate, shorter term, or cash back for debt consolidation or home improvements. Call one of our friendly loan officers to find our more about the refinance options or to find out if it could save you money. "How much will my monthly mortgage payment be?" To figure your monthly mortgage payments, simply enter the amount of the loan, the interest rate and the term into the calculator below and click on the Calculate button for the totals*.