100% Financing

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Start Your Application Online NOW!
*Applying for a loan as a nonmember also submits a membership application. You must be a member of FedChoice to receive a loan from us. Review membership criteria here.

Experience the Joy of Home Ownership with No Money Down

At FedChoice, It's Easier than You Think!

 

With monthly rents creeping higher and higher, now may be the perfect time to consider buying your first home. Just think - You'll have the freedom and flexibility to furnish and decorate your own home to suit your style while building equity!

First Time Home Buyer
FedChoice offers a mortgage loan that has been specifically designed for first-time home buyers looking to purchase property in DC, MD, PA or VA. With the FedChoice 100, you’ll enjoy the following features and benefits:

• No large up-front deposit
• No Private Mortgage Insurance (PMI)
• Flexible Terms
• Fixed Rates
• 100% Financing for Single Family Homes;          95% Financing for Condos

 

Right now, the mortgage rate is 5.50% with a 1% Origination fee!  View our current rates**

Contact our Real Estate Department via email or call 301.699.6126 to learn more.

 

 

And, if you need help getting started with your search, our HomeAdvantage® program offers simple, single-point access to online property listings, recent sales data, demographics, schools, crime statistics and more. When you're ready, it's easy to connect with an experienced real estate agent in the HomeAdvantage network of hand-picked professionals to help you find your new home..

                                                          

And, here's the best part - When you’re buying a home, you can work with any agent in the HomeAdvantage network!  The Cash Rewards are equal to 20% of your agent’s commission. Cash Rewards can be used to reduce your closing costs or delivered as cash back after closing. Members average over $1,600 in savings! 

HomeAdvantage Cash Rewards Chart 12012021

 

 

 

 

 

 

 

 

 

 

 

*HomeAdvantage is available to you through your membership with FedChoice Federal Credit Union. Cash Rewards are available to members who register to use HomeAdvantage and who use a real estate agent in the HomeAdvantage network to buy or sell their home. Using FedChoice for a mortgage is not a requirement to earn Cash Rewards. Cash Rewards amounts are dependent on the commissions paid to the agent. FedChoice may have specific rules on how your Cash Rewards will be paid out. Cash Rewards are void where prohibited by law or the lender. Please consult with your credit union to get details that may affect you.

**Mortgage: Rates and terms based on credit criteria; your rate may differ. All loans subject to credit approval. Fixed-Rate Loans: The interest rate charged and the APR are constant for the life of the loan. There are still certain costs, such as mortgage points, appraisal, title, and loan processing fees, etc. associated with “no money down”/100% financing mortgage loans. Credit for “no money down”/100% financing may exceed the fair market value of the dwelling. Interest on the portion of the credit extension that is greater than the fair market value of the dwelling is not tax-deductible for Federal income tax purposes. Members should consult a tax adviser for further information regarding the deductibility of interest and charges. Some exclusions may apply. Seller may require an earnest money deposit on purchases. Minimum/ Maximum Refinance Loan Amount: The minimum refinance loan amount is $150,000. Maximum loan amounts are determined by your county’s conforming loan limit. Finance charges begin on the date the loan is made. Interest will continue to accrue until the first payment has been received, which is due within 30 days of settlement but subject to change. Payment Example: Assuming a $250,000 loan amount, a 30-year term, and a 5.250%APR, you would make 360 monthly payments of $1,381.25. Mortgage examples do not include amounts for taxes, insurance premiums, etc. Therefore, the actual payment obligation will be greater. Offer subject to change without notice. Consumer mortgage loans only. FedChoice NMLS # 469739 provides mortgage loans by partnership with myCUmortgage, LLC. NMLS # 565434.

Current_Members_Apply_Here_ButtonNot_A_Member_Apply_Here_Button

Start Your Application Online NOW!
*Applying for a loan as a nonmember also submits a membership application. You must be a member of FedChoice to receive a loan from us. Review membership criteria here.

FedChoice Real Estate Day - June 15, 2022 -  Speak with a member of our Real Estate Department and one of our Real Estate Agent Partners to learn more about our Home Advantage® Program for Buying/Selling a Home, and chat with us about our Mortgage, Renovation and Home Equity Programs.

We're scheduling 1-hour appointments between 9am and 5pm on this day so that you may ask us any of your real estate related questions. Select a time that best fits your schedule.

Additional Real Estate Days will be take place on the following Wednesdays:

  • July 13th 
  • August 17th
  • September 14th  
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