FSB Mortgage

FSB Mortgage Reviews

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About FSB Mortgage

FSB Mortgage (NLMS # 411341) is a division of First Savings Bank. It offers a wide range of loan products to retail customers, brokers and mortgage banking partners. On the retail lending side of its business, FSB Mortgage offers home purchase loans, refinancing loans and home equity lines of credit (HELOCs).

    Pros & Cons

    • Online application
    • Helpful calculators and resources
    • Retail vs. wholesale distinction can be confusing


    You’ll have to apply for a loan with FSB Mortgage to see your rate. Rates change often, so if you’re offered a low rate, you may want to follow up with FSB Mortgage to lock it in.

    If you’re wondering whether an adjustable-rate mortgage (ARM) is a better choice for you than a fixed-rate loan, consider these benefits:

    • ARMs can be good for borrowers who don’t plan on staying in their homes long.
    • Buyers can qualify for higher loan amounts with ARMs.
    • ARMs can have lower initial rates compared to fixed-rate loans.

    ARMs can be risky, though, because your interest rate could go up after the initial fixed-rate period. That’s why it’s important to think carefully about both ARMs and fixed-rate mortgages before you decide on one or the other.

    Application process

    To start the application process with FSB Mortgage, you’ll need to sign up for a First Savings Bank account. This step requires you to provide your email address and a password.

    From there, you can choose to apply for a home purchase loan or a refinance. Next, you will be asked to input some personal and financial information, such as your Social Security number and details about your income and assets.

    FSB Mortgage will perform a hard credit check for all applicants listed in your application. That means applying could hurt your credit score(s).

    Loan types

    FSB Mortgage offers the following types of home loans:

    • Conventional loans
    • FHA loans
    • USDA loans
    • VA Loans

    FSB Mortgage’s conventional loan options include conforming and nonconforming (jumbo) loans with fixed and adjustable rates. These jumbo loans can provide up to $5 million for qualified buyers.


    If you already have a mortgage, you might consider refinancing with FSB Mortgage to access your home equity or lock in a better rate or term. Higher rates are turning many people away from refinancing in 2022, but refinancing can still make sense if you can get a significantly lower rate or remove a costly PMI requirement. FSB Mortgage has a free refinance calculator that can tell you if a refi can save you money on your mortgage.

    HELOC and home equity loans

    FSB Mortgage offers a unique HELOC program that works in combination with a new first mortgage. Borrowers with FICO scores as low as 660 can take out loans for up to $250,000 with this program, and loan-to-value (LTV) ratios of up to 100% are allowed.


    Different types of loans have different requirements for borrowers, and FSB Mortgage doesn’t publish many details about its lending criteria.

    Before filling out FSB Mortgage’s online application, you might want to contact an FSB Mortgage expert to understand its specific requirements. It’s also smart to find out how much home you can afford before you apply.

    Here are some general guidelines to help you understand what’s commonly required for different types of mortgages.

    National mortgage requirements by type

    Costs and fees

    Closing costs and fees are a part of almost every mortgage process. Some lenders might provide additional discounts based on your loan type, but plan to spend an additional 2% to 5% of your home purchase price to cover closing costs. For a $400,000 home loan, this can mean paying an additional $8,000 to $20,000.


    What is FSB Mortgage?

    FSB Mortgage is First Savings Bank’s nationwide mortgage lending division.

    Is FSB Mortgage legit?

    FSB Mortgage is a legitimate lender that’s part of First Savings Bank, a family-owned community bank founded in 1913.

    Where is FSB Mortgage available?

    FSB Mortgage is a nationwide mortgage lender with physical locations in Indiana, Michigan, Kentucky and Delaware.

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    FSB Mortgage Company Information

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    FSB Mortgage