The Federal Savings Bank is a HUD-licensed reverse mortgage lender located at 4120 W Diversey Ave Suite C501 in Chicago, Illinois. The Federal Savings Bank is likely licensed to offer reverse mortgages to seniors with homes in the state of Illinois and may be licensed in other states as well. The Federal Savings Bank can be reached by phone at (312) 738-8400 or by fax at (312) 491-5301.
Is a reverse mortgage the right financial solution for your needs? Licensed reverse mortgage lenders like The Federal Savings Bank can help you figure that out. Seniors from all walks of life across Illinois and beyond have taken advantage of a reverse mortgage to live better in retirement. Homeowners commonly use a reverse mortgage to eliminate mortgage payments and other debt payments (medical bills, credit cards, or other loans), pay for home improvements, supplement income, and provide additional retirement assets to live on.