Experience the Joy of Home Ownership
Whether you’re buying your first home, making your next move or simply refinancing, FedChoice has the flexibility, options 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.
Conventional Mortgage Loans (10, 15, 20, 30 year terms)
Ideal for "Rightsizing" your Home to Fit your Lifestyle
- 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
Continue shopping online to find the mortgage options that are available to you.
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.
Jumbo Mortgage Loans
Ideal For Higher Dollar Homes
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
Continue shopping online to find the mortgage options that are available to you.
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.
FedChoice 100
Ideal for First Time Home Buyers
100% Financing for Single Family Homes (No Money Down)
- 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
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.
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 
- 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
Reach out to us and one of our home equity experts will be happy to help you. Call 301.699.6126 or email us at mortgage@fedchoice.org.
The joy of home ownership could be yours! And, while interest rates are still low, now is the perfect time to connect with our Real Estate Department to discuss your needs. Check with us before you start your online search for properties through our HomeAdvantage®program. Call 301.699.6126 or email us at mortgage@fedchoice.org.
Continue shopping online to find the mortgage options that are available to you.
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 # 469739 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.
