Home Loans

Buying a home is an important, and possibly life-changing, experience. 

Andrews Federal is here to help you find the right home loan for your family with payments that don't stretch your family budget. 

Andrews Federal Home Loans offer:

  • Quick application process
  • Jumbo financing available
  • New home loans or mortgage refinance

Good News! We’ve simplified the way you pay your mortgage loan. You can now transfer your funds directly to make your mortgage loan payment. View the scheduled amount to be paid by selecting 'mortgage loan' within SmartConnect Online Banking.

Mortgage loan payments scheduled by 3:00 PM EST are applied on the same day.

Rates

Rates effective 01-18-2017

Mortgage Rates

  •  
Conventional Loans
Rate
APR
Points
5/5 ARM 3.375% 3.501% 1.000%
30 Year Fixed Rate 3.625% 3.753% 1.000%
15 Year Fixed Rate 2.750% 2.974% 1.000%
Jumbo Loans
Rate
APR
Points
Andrews Jumbo 30 Year 4.125% 4.222% 1.000%
Andrews Jumbo 15 Year 3.250% 3.418% 1.000%

Fixed Rate

No Surprises - Andrews Federal Fixed Rate Home Loans Offer Peace of Mind

Enjoy the peace of mind that comes with knowing that your rate and payment won't change regardless of what the market conditions are for the next 10-30 years. 

  • 10,15,20, and 30 year terms
  • Available for home purchase and refinance
  • Up to 95% loan-to-value

Adjustable Rate

Start Out Low - Andrews Federal Adjustable Rate Home Loans Offer Lower Initial Payments

  • Fixed intro rate for the first five years
  • You could qualify for a larger loan amount.
  • Caps prevent the rate from increasing too much at once.
  • Available for home purchase and refinance
  • Loan amounts up to $1,000,000.
  • Up to 95% loan-to-value

Jumbo

The Bigger, The Better - Andrews Federal Jumbo Home Loans Offer The Financing You Need For Larger Home Purchases

Planning a large home purchase? We've got you covered.

  • Loan amounts over $417,000 and up to $1,000,000.
  • Available for home purchase and refinance
  • Up to 90% loan-to-value

First Time Homebuyer

Off To A Great Start - Andrews Federal Offers Home Loans For First Time Buyers

  • 3% down payment option
  • Low monthly payments
  • Increased savings
  • Mortgage insurance and no mortgage insurance options available

VA/FHA

  • A VA fixed mortgage allows qualified veterans to purchase a new home with no down payment and provides the security of a monthly payment that won't change.
  • A fixed FHA loan is a mortgage insured by the Federal Housing Administration that 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. 

  • Conventional Loans Disclosure Statement

    Annual Percentage Rate (APR) is calculated based on a $225,000 loan amount and includes an Origination fee of $635.00.  Minimum loan amount of $50,000 and maximum loan amount of $417,000.  Rates assume that there are no other liens against the property, that the property will be owner occupied, and that the loan amount does not exceed 95% of the property’s appraised value. Advertised rates require the purchase of points to obtain the reduced rate; no points options are also available, at a higher interest rate.  Loans in excess of 80% Loan to Value (LTV) are subject to private mortgage insurance (PMI).  Payment examples include principal and interest but do not include any taxes or insurance premiums; your actual payment may be greater.  Escrow account may be required.  Rates, terms and conditions vary based on creditworthiness and qualifications and are subject to change.  Subject to credit and property approval.  Additional restrictions may apply.  Consult your tax advisor regarding the deductibility of interest.  You must be a member of Andrews Federal Credit Union to obtain any home loan from us.  For complete details about our mortgage rates and to learn about product and payment options, click here

  • 5/5 Adjustable Rate Mortgage (ARM) Disclosure Statement

    APR is variable and will adjust every five years, after an initial five year period at the advertised APR, for a total of 360 monthly payments (30 year term).  Your rate will change every five years by no more than 2 percentage points up or down, never to exceed more than 5 percentage points above the initial rate.  When the rate adjusts, your new rate will be the then current index (Weekly Five Year Constant Maturity Treasury, or CMT) plus a margin of 1.50%, as long as the total adjustment does not exceed the 2.00% adjustment cap.

  • Jumbo Loans Disclosure Statement

    Annual Percentage Rate (APR) is calculated based on a $800,000 loan amount and includes an Origination fee of $635.00.  Minimum loan amount of $417,000 and maximum loan amount of $2,000,000.  Rates assume that there are no other liens against the property, that the property will be owner occupied, and that the loan amount does not exceed 95% of the property’s appraised value. Advertised rates require the purchase of points to obtain the reduced rate; no points options are also available, at a higher interest rate.  Loans in excess of 80% Loan to Value (LTV) are subject to private mortgage insurance (PMI).  Payment examples include principal and interest but do not include any taxes or insurance premiums; your actual payment may be greater.  Escrow account may be required.  Rates, terms and conditions vary based on creditworthiness and qualifications and are subject to change.  Subject to credit and property approval.  Additional restrictions may apply.  Consult your tax advisor regarding the deductibility of interest.  You must be a member of Andrews Federal Credit Union to obtain any home loan from us.  For complete details about our mortgage rates and to learn about product and payment options, click here.

  • 3% down payment option

    3% down payment option available as part of our first time homebuyers program.  Must have not have owned a property in the last 3 years to qualify.  Maximum loan amount is $417,000.  3% down payment new homebuyers option available on all mortgage products offered by the credit union, including both fixed rate and variable rate loan options.  Mortgage insurance is required. Other qualifications or restrictions may apply. Other rates, terms and down payment options are available.