Loans are subject to the underwriting standards of First Federal Savings of Lorain. Minimum loan amount: $5,000.00. Minimum APR is 0%; maximum APR is 25%. Above rates available on single-family owner-occupied homes or second home. APR is indexed to the Prime Rate as published in the Wall Street Journal and may change monthly. Any rate change will take effect the day after your monthly statement is produced. At the end of 15 years, a balloon payment may occur. Property insurance required; flood insurance may be required. An appraisal is generally not required, but if one is necessary there will be a fee for this service. Terms and rates are subject to change without notice.