We're Opening Doors
Whether you’re buying a home, making a move, refinancing or renovating, we have an option for you! From Jumbo mortgage loans to funding your next project based on post-renovation home values, let us help you find the financing you need.
FedChoice Mortgage Programs
From 100% financing to Jumbo mortgage loans and everything in between, let us help you find the loan you need. Learn More about our mortgage programs to find the one that best suits your needs!
Home Equity Loans and HELOCs
Use equity built up in your home to make home improvements, consolidate debt, pay for education costs, or cover unexpected expenses! With Home Equity and HELOC options, FedChoice could give you the flexibility you need as you grow.
RenoFi Home Renovations
Get cash for renovations today! Use the expected value of your home post-renovation rather than your home's current equity to finance your entire home upgrade project. Borrow all of the money you need to upgrade your home, at the lowest rate possible.
Mortgage: APR: Annual Percentage Rate. Rates and terms based on credit criteria. Credit restrictions apply. Fixed-Rate Loans: The interest rate charged and the APR are constant for the life of the loan. Assuming a $250,000 loan amount, a 30-year term, and a 3.25% APR, you would make 360 monthly payments of $1,088.00. Mortgage examples do not include amounts for taxes, insurance premiums, etc. Therefore, the actual payment obligation will be greater. Minimum/Maximum Refinance Loan Amount: The minimum refinance loan amount is $150,000. The maximum refinance loan amount is $822,375, or your county conforming loan limit. Review your existing loans carefully to borrow the exact amount you need. Finance charges begin on the date the loan is made and interest accrues during the payment deferral period. First payment is due within 30 days of settlement but subject to change. FedChoice NMLS # 469739 provides mortgage loans by partnership with myCUmortgage, LLC. NMLS # 565434.
Home Equity Loans/RenoFi Home Renovation Loans: All rates are quoted on approved credit APRs. APR: Annual Percentage Rate. Loan approval is subject to credit, income and property valuation. Owner occupied primary residence. 1st or 2nd lien, no pre-payment penalty. FedChoice Federal Credit Union’s normal underwriting requirements apply. Property insurance will be required. On average, closing costs may vary depending upon the amount of the loan, terms, property value, etc. Consult your tax advisor regarding the deductibility of interest and charges. Maximum 90% CLTV (Combined Loan to Value). Minimum loan amount of $10,000; maximum loan amount of $250,000. May be subject to credit qualification and appraised property value. This is not an offer to extend consumer credit as defined by Section 1026.2 of Regulation Z. A loan application is required to be submitted to FedChoice Federal Credit Union subject to these terms, conditions, disclosures, and requirements to potentially take advantage of this offer. FedChoice NMLS # 469739 provides Home Renovation Loans by partnership with Renovation Finance, LLC DBA RenoFi NMLS # 1802847.
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.