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Mortgages & Home Loans

New Home, Upsizing, Or Downsizing - Make The Move.

Get Started

You Find The Right Home. We’ve Got The Right Financing

Let AFFCU help you make the move a reality with home financing solutions to fit your needs.

Flexible Terms

Secure a mortgage you can afford with our fixed rate options and flexible terms

Guidance & Support

Financing a home can get complicated. We’ll be there with you throughout it all.

Escrow Services

We’ll simplify managing your property tax and insurance payments

Check Today's Rates

Virtual Home Buying Seminar

Join us for a free online seminar where we’ll discuss everything you need to know about the home buying process. Gain knowledge of how the home buying process works and how to get to the settlement table with as little stress as possible. Perfect for first-time home buyers, and includes important options and information for financing your home purchase.

Saturday, June 13    11:00 – 12:00 PM   Register

Tuesday, June 23    5:30 AM – 6:30 PM   Register

Participants will be eligible for a $500 credit towards closing costs valid on select new mortgage loans that are closed by December 31, 2020

Compare mortgage loan options

  • Best for:

    Best for:

  • Fixed Rate

    Fixed Rate

  • Terms

    Terms

  • Down Payment

    Down Payment

  • Loan-To-Value (LTV)

    Loan-To-Value (LTV)

  • Mortgage Insurance

    Mortgage Insurance

  • Eligibility Requirements

    Eligibility Requirements

Conventional Loan

  • Best for:

    Borrowers who want a fixed rate and have funds available for a down payment

  • Fixed Rate

    Yes

  • Terms

    10 to 30 years

  • Down Payment

    At least 5%

  • Loan-To-Value (LTV)

    Up to 95%

  • Mortgage Insurance

    Not required with at least 20% down payment

  • Eligibility Requirements

    N/A

FHA Loan

  • Best for:

    First-time home buyers

  • Fixed Rate

    Yes

  • Terms

    Up to 30 years

  • Down Payment

    3.5%

  • Loan-To-Value (LTV)

    Up to 96.5%

  • Mortgage Insurance

    Yes

  • Eligibility Requirements

    First Time Home Buyer

VA Loan

  • Best for:

    Eligible Veterans and Active Duty Military personnel

  • Fixed Rate

    Yes

  • Terms

    Up to 30 years

  • Down Payment

    N/A

  • Loan-To-Value (LTV)

    100%

  • Mortgage Insurance

    N/A

  • Eligibility Requirements

    Veteran, Active duty, Surviving spouse

USDA Loan

  • Best for:

    Residents of rural communities

  • Fixed Rate

    Yes

  • Terms

    Up to 30 years

  • Down Payment

    N/A

  • Loan-To-Value (LTV)

    100%

  • Mortgage Insurance

    N/A

  • Eligibility Requirements

    Location restrictions

Apply Online
Get Started

Calculate Your Potential Mortgage Rate

Mortgage Calculator

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Results

Principal and Interest $____
Property Tax* $____
Home Insurance* $____
Mortgage Insurance* $____

Frequently Asked Questions

Prequalified – you will need to provide the lender with financial information such as your income and the amount of savings and investments you have which helps them to estimate how much money they may be able to lend you. This helps provide a price range of homes you can start looking at. To get prequalified the lender will request a formal credit check. The estimate of the loan amount provided to you does not guarantee you will ultimately be approved for that amount.

Preapproved – you will need to provide the lender with financial documents including W-2 statements, paycheck stubs and bank account statements which will be used to verify your financial status and request a formal credit check. A preapproval will help you when shopping for homes because sellers will have more confidence that you will be able to obtain a loan to purchase their house.

Final approvals will also depend on the property purchased.

It is not required to get prequalified or preapproved before looking for a property, however, it is a good idea to do so as many real estate agents and sellers will take your offer more seriously if you’ve been preapproved. Doing so in advance will also give you a better idea of the price range of homes that you might be able to afford.

A Loan Estimate is a written estimate of costs you (the borrower) will have to pay at closing. This is provided by a lender shortly after applying for your loan.

A rate lock is when a lender guarantees an interest rate for a set period of time, which is typically between loan application and closing. During this period, typically 15-90 days, you’re protected against rate fluctuations.

An appraisal is a written estimate of a property’s current market value. It is based on recent sales information for similar properties, as well as the current condition of the property and the neighborhood. An appraisal is required because it provides written proof of your home’s actual value which helps determine the loan amount you will be approved for. Lenders order appraisals through a third-party company who will provide the assessment.

An escrow account is established at the time of your closing, held by the lender, and contains funds collected as part of mortgage payments for annual expenses such as property taxes, PMI, and homeowners insurance.

You might also be interested in

What To Do Before Applying For A Mortgage

Looking to buy a house? It’s a big step. Let us help you get started with some useful information about “What to do before you apply for a home.”

Read the full article to learn more.

Protect Your Home

Purchasing a home is a smart, but major investment. Ensure you have the right coverage to protect you and your property from the unexpected.

Check out our insurance partners

Contact us and get started

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(410) 584-7474