First Savings Bank of Hegewisch Reviews

First Savings Bank of Hegewisch publishes current mortgage rates on its website to help borrowers estimate their costs. As of publishing, it lists rates for 30-year fixed-rate mortgages at 5.750% (5.832% APR). For comparison, the national average for a similar loan is 6.37%, according to Freddie Mac data.

Your specific rate will vary based on your credit history, loan amount, down payment and the loan term. For the most accurate pricing, it is best to contact the bank directly or get prequalified through its website.

First Savings Bank of Hegewisch offers a variety of mortgage products, including:

• Fixed-rate mortgages
• Adjustable-rate mortgages
• First-time homebuyer programs
• Jumbo mortgages
• Home equity and home improvement loans

The maximum loan you can get with First Savings Bank of Hegewisch depends on the type of loan you apply for and your financial qualifications. In general, the maximum loan you can get through First Savings Bank of Hegewisch is $2 million through a jumbo or home equity loan (HELOAN).

In high-cost counties, conforming loan limits in 2026 can reach up to $1,249,125, while the ceiling in Alaska and Hawaii is $1,873,675. Because this bank operates in Illinois and Indiana, most borrowers will likely be subject to the baseline limit of $832,750.

Below are the basic requirements borrowers must meet to qualify for a loan with First Savings Bank of Hegewisch.

First Savings Bank of Hegewisch minimum credit score

First Savings Bank of Hegewisch does not list a universal minimum credit score requirement on its website. Credit requirements can vary by loan type and borrower profile, so contact the bank or start a prequalification to confirm your eligibility.

Even if you can’t meet the bank’s credit score requirements, you might be able to apply for a nonqualified mortgage through another lender. Note that this will likely result in a higher interest rate.

First Savings Bank of Hegewisch minimum down payment

The bank does not publicly list a universal minimum down payment for its programs. Its published mortgage payment examples use 20% down, but its first-time homebuyer loans may offer lower down options depending on the specific program.

Conventional loans, like those offered by First Savings Bank of Hegewisch, typically require a higher credit score and down payment than you’d need for a government-backed mortgage, but individual cases may differ.

First Savings Bank of Hegewisch maximum debt-to-income ratio

First Savings Bank of Hegewisch’s published mortgage guidance does not confirm a single debt-to-income (DTI) cap. As with many lenders, your acceptable DTI ratio likely depends on the loan program and your overall financial profile.

For reference, most lenders issue conventional loans to those with a DTI ratio below 36%, but some mortgage lenders and loan types allow for a DTI ratio of up to 45%. Some FHA-insured loans may even allow for a DTI ratio of up to 50%.

You can start a loan application online through the bank’s mortgage application portal. The First Savings Bank of Hegewisch site also lets you submit loan prequalification forms, search for current rates and check the status of an existing application.

Be prepared to provide information about your income and assets so that First Savings Bank of Hegewisch can determine how much you can borrow.

First Savings Bank of Hegewisch application features

First Savings Bank of Hegewisch does not list a standard origination fee on its current mortgage pages. Its rate disclosures do note that appraisal fees may exceed $450, depending on the property’s square footage. Some loans may require mortgage insurance, flood insurance or a real estate tax escrow.

In general, we recommend budgeting between 2% and 5% of your loan amount for closing costs, in addition to your down payment. Because costs vary by loan type and your finances, review the bank’s current rate sheet or ask for a loan estimate for specifics.