Mortgage Loans

Your new home is only a few steps away.
  • Low mortgage rates on several different home loan types
  • Access to a network of pre-approved real estate agents
  • Earn a rebate at closing1
  • Reduced down payment options available
  • Special loan opportunities for military members

You need to make some decisions. We can offer some friendly guidance.

Whether you’re buying a home in Washington, D.C., Maryland, Virginia, New Jersey or elsewhere, this is an exciting time. But learning what's on the market can be an exhausting process. Our Home Center can point you in the right direction, with its extensive lists of properties and experienced agents. Our lending professionals can help you choose a low-cost mortgage you can happily live with for years to come.  

Fixed-Rate Mortgages

Lock in your principal payment and interest rate

It's the ideal loan for people who don't like surprises. Your principal payment and interest rate won't change one bit, regardless of market conditions over the next decade, or two, or three.

  • Choice of loan lengths: 10, 15, 20 or 30 years
  • Borrow up to 95% of the home's value
  • Refinance your existing loan to save on interest charges or reduce monthly payments

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Adjustable-Rate Mortgages

A little flexibility can offer a lower monthly payment

  • Loan amounts up to $1,000,000
  • Borrow up to 95% of the home's value
  • Caps prevent the interest rate from increasing too much after the initial 5-, 7- or 10-year period
  • Refinance your existing loan to save interest charges or reduce monthly payments
  • Lower interest rates for the first 5, 7 or 10 years

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Jumbo Home Loans

The perfect loan for higher housing costs

  • Loan amounts from $484,350 to $1 million
  • Borrow up to 90% of the home's value
  • Refinance your existing loan to save interest charges or reduce monthly payments

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First-Time Home Buyers

Make your dreams a reality with a lower down payment

  • Make a down payment as low as 3% of the cost of your new home
  • Apply for Federal Home Loan Bank Grants of up to $5,000. (Money can be used for a down payment, closing costs, and/or reducing the principal on your mortgage.)
  • Choose between loans that require personal mortgage insurance (PMI) and those that don't

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VA and FHA Loans

Regardless of your situation we can help you become a home owner

  • A VA fixed mortgage allows qualified veterans and active military to purchase a new home with no down payment and provides the security of a monthly payment that won't change.
  • The Federal Housing Administration allows qualified borrowers to purchase a new home with a minimum of 3.5% down payment and the security of a monthly payment that won't change.
  • Refinancing options available for both VA and FHA loans

Streamlined Refinance Program

Refinance with less time, hassle, and paperwork.

Allows for existing members who's mortgage loan is held by Andrews Federal Credit Union to refinance with less time, hassle and paperwork. If you are considering refinancing your Andrews Federal mortgage loan, please contact us to discuss streamlined refinance options available to you.

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STILL HAVE QUESTIONS?

Go here to learn more about our eligibility requirements.

Unfortunately, you cannot pay your escrow short online. Mail a check with “Mortgage Escrow Shortage” written in the Memo line, to:
Andrews Federal Credit Union
ATTN: Mortgage Department
P.O. Box 3000
Clinton, MD 20735-6001

No, you are welcome to apply for a loan before you've become a member. Once you've been approved for the loan, membership is required($5 minimum in Savings) for the loan to be disbursed.

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