Home Loans

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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

Family moving into a home

Whether you’re buying your first home, making your next move or simply refinancing, FedChoice has the flexibility and features that will make getting a mortgage easier than ever. And, we offer a number of options ranging from 100% financing to Jumbo mortgage loans and everything in-between to best suit your needs.

Check Out Our Rates & Mortgage Options 

Contact our Real Estate Department via email or call 301.699.6126.

And now with our real estate partnership with HomeAdvantage®, you can Search. Buy. Sell. Save when you're ready to purchase a home or you're getting set to put your house on the market.

Conventional Mortgage Loans
(10, 15, 20, 30 year terms)

Ideal for "Rightsizing" your Home to Fit your Lifestyle

  • Fixed rates
    Father child playing at home
  • 3% down for FIrst-Time Home Buyers; 5% down for all others
  • Available for primary residence (owner-occupied);  1-4 unit investment properties, second/vacation homes
  • Minimum loan amount $150,000 (Refinance); County Conforming Limit for the maximum amount
 
Jumbo Mortgage Loans

Ideal for Higher Dollar HomesCozy living room with fireplace

 

  • When your financing needs may exceed the County Conforming Limit/Purchase Prices Exceed National Averages (i.e., CA, CT, DC, MA, MD, NY, OR, VA, WA).
  • Available for primary residence (owner occupied), 1-4 unit investment properties, second/vacation homes
  • Financing available above the County Conforming Limit up to a maximum of $2 million​

 

FedChoice 100

Ideal for First Time Home Buyers

100% Financing for Single Family Homes (No Money Down)

  • Couple standing outside their homeFixed rates
  • 15, 30 year terms
  • No large up-front deposit
  • No Private Mortgage Insurance (PMI)
  • Available for properties located in DC, MD, PA, VA
  • County Conforming Limit for the maximum loan amount 
Renovation Loan 

Ideal When Buying a Home that Needs Repairs or Improvements When Equity is not yet Available

(Revolving Line-of-Credit) - Borrow based on the post-renovation value of your home Kitchen Renovation

  • Free Concierge Service through RenoFi to help you through the renovation process from budgeting to screening contractors
  • The first type of home equity loan devoted solely to renovation financing.  It's based on a home's after-renovation value, rather than your home's current value, which allows you to borrow a lot more to finance your home improvements.​
  • Minimum loan amount $10,000; $250,000 maximum loan amount
 
Speak to an Expert

We'll walk you through the process step-by-step and make sure you're getting the mortgage that's right for you - and your budget. Reach out to us and one of our mortgage experts will be happy to help you. Call 301.699.6126 or email us at mortgage@fedchoice.org

As your financial consultant, it’s our responsibility to offer you quality products and services. That's why we're proud of our partnership with myCUmortgage. You're guaranteed a mortgage lender you can trust!

myCUmortgage Attributes:

  • FedChoice mortgages are originated, processed and retained by our trusted partner, myCUmortgage.
  • myCUmortgage has assisted over 83,000 Credit Union members.
  • myCUmortgage is licensed in 47 states - find the right house for you, almost anywhere.
  • They offer an online home loan application resource with frequently asked questions, daily rate information, and even an application to pre-qualify for your home loan.

These are just some of the reasons why FedChoice has chosen myCUmortgage as our mortgage partner.

FedChoice NMLS # 399841 provides mortgage loans by partnership with myCUmortgage, LLC. NMLS # 565434.

Home Mortgage Disclosure Act Notice

The HMDA data about our residential mortgage lending are available for review. The data show geographic distribution of loans and applications; ethnicity, race, sex and income of applicants and borrowers; and information about loan approvals and denials. Inquire at this office regarding the locations where HMDA data may be reviewed. To receive a copy of this information, send a written request to FedChoice Federal Credit Union, 10001 Willowdale Road, Lanham, MD 20706.

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 - Wednesday July 13, 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:

  • August 17th
  • September 14th  
Fed Choice