Homestead Savings Bank is a full-service financial institution with locations in Albion, Leslie and Springport. Since 1889 our mission has been to provide outstanding service to our customers. Decisions are made locally by people who know our customers and our communities.
Founded as a Federal Savings Bank, Homestead assists customers in meeting their personal banking needs. Homestead’s history has been built around helping people fulfill the American dream of owning their own home. We are a leader in mortgage financing, with a wide array of products. We also offer loans for autos, boats, recreational vehicles, home equity and equity line of credit products, checking and savings, certificates of deposit, and many additional services.
In recent years, Homestead has expanded into a full selection of business banking products, including commercial real estate and equipment loans, lines of credit and SBA 7(a) financing. In addition, we offer checking and savings, online banking with options of ACH and wire transfer capability. We know that FDIC insurance is important to you. With Business Insured Cash Sweep ®, you can access FDIC protection on large dollar investments through HSB. The investments you need are available from Homestead Savings Bank. With our Infinex Financial Consultant, you can be confident you’re following a sensible investment strategy *footnote*.
The bank is guided by a Board of Directors composed of local community leaders from throughout its footprint. The Board has installed an experienced, professional and caring management team who oversee day to day operations. Homestead Savings Bank is organized as a mutual savings bank. That means it’s owned by customers. When customers are owners, our service takes on new meaning.
Changes to the Property Value could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
You can change the property value by moving the Property Value slider up or down or by entering a new Property Value manually in the Property Value box.
When you change the Property Value, only the LTV will change, and the Loan Amount will remain the same Loan Amount.
Other advanced sliders’ options are available with Lendersa® Advanced Calculator
CloseChanges to the loan amount, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
CloseLTV is the abbreviation of Loan To Value, and it is the ratio between the Loan Amount and the Property Value. The formula to calculate LTV is Loan Amount divided by the property value. 
Example: Loan Amount $300,000, Property value $400,000 
Changes to the LTV, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
Close
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NMLS 1795154