Mortgage Loan Options
Mortgage Representative on Duty at our Manassas Branch in February. Click here to make an appointment. |
Need help determining which loan option is best for you? Our mortgage team can explain the available opportunities, terms and rates to help you decide.
- Fixed-Rate Mortgages – Ideal for those who want a fixed interest rate that will not change for the life of the loan.
- Adjustable-Rate Mortgages (ARMs) – For those who do not mind a fluctuating interest rate and payment, the initial interest rate is usually lower than the lifetime interest rate on a fixed-rate mortgage.
- High-Balance Loans – Allows you to finance larger and/or more expensive properties than a conforming loan.
- Veterans Administration (VA) Loans – Generous interest rates for retired and active military personnel who can buy with little or no money down.
- FHA Loans – through our partnership with Credit Union Mortgage Association (CUMA).
- Reverse Mortgages – we offer home-owning members age 62 and older a unique opportunity to turn the equity in their home into additional monthly income.
Programs for 1st time homebuyers
- Home Loan Payment Relief Program (HLPR) Loan – A 100% Adjustable-Rate Mortgage financing option for borrowers who have a good credit rating, an income at or below the area's median income.
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