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.

And now, Adjustable-Rate Mortgage options (15-15 and 5-5) are also available as economical alternatives in a volatile financing environment.

Check Out Our Rates & Mortgage Options 

Contact our Real Estate Department via email or call 301.699.6126.

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 Homes

Cozy 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)
  • 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 partnerships with myCUmortgage and CUMA (Credit Union Mortgage Association).

  • FedChoice mortgages are originated, processed and retained by our trusted partners.
  • myCUmortgage is licensed in 47 states (excluding AK, HI and NY).
  • CUMA originates, processes and retains mortgages for properties located in Alaska, Hawaii and New York.

FedChoice NMLS # 399841 provides mortgage loans by partnership with myCUmortgage, LLC. NMLS # 565434 and by partnership with CUMA NMLS# 296727.

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.
Fed Choice