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Mortgage

Mortgage Options

  • Fixed Rate Mortgage

    With a Fixed Rate Mortgage, the interest rate and monthly payment of principal and interest stay the same for the life of the loan.

  • Adjustable Rate Mortgage

    With an Adjustable Rate Mortgage, the interest rate may change in relation to an index and payments go up or down accordingly.

    If you don’t plan to stay in your home for a long time, you may want to consider an ARM, which typically has a lower initial interest rate than a fixed rate, and you may save money on interest charges. The money you save could be put toward retirement, paying off debt, building an emergency fund, and more.

  • HomeAdvantage

    Looking to purchase a new home? Or are you selling a home? Our HOME Advantage Program helps save you time and money.

    HomeAdvantage Program

  • First Time Home Buyer

    Buying your first home is a very exciting time and we want to keep it that way! We will help you decide what mortgage best suits your needs, by comparing rates and features and sorting through all the mortgage lingo with you. Our First Time Home Buying Program offers several mortgage types.

  • Reverse Mortgages

    For homeowners who are 62 years or older, let your home start working for you! With a Reverse Mortgage, homeowners can convert part of the equity in your home to cash with no restriction on how you use the funds. The borrower retains title/ownership of the home and the lender will never own the home.

  • 15/15 “RateBuster”

    For many homebuyers, lower monthly payments offer the opportunity to afford a bigger home. Adjustable-rate mortgages like the 15/15 ARM RateBuster Loan, typically offer a lower initial interest rate than other 30-year fixed-rate loans that results in lower monthly payments.

  • 5/5 ARM

    Lock in a monthly payment and interest rate that will not change for 5 years. Every 5 years, the interest rate is adjusted. Adjustments fall in years 6, 11, 16, 21 and 26.

To apply, contact a Loan Officer today at 800-742-5582 extension 5505 or request a callback. You can also download the application and send it completed to us by email at mortgages@democracyfcu.org or fax to 571-527-2333.

Home Equity Loans

Are you looking for a one-lump sum to use any way you would like?
Our Home Equity Loan Program is perfect for you!

  • Borrow up to 85% of your home’s value
  • Loan amounts from $10,000 - $250,000
  • Fixed monthly payments
  • Great for debt consolidation, home improvements, education funding, and extra emergency fun

Home Equity Lines of Credit

Our home equity line of credit is for you if you’d like to access funds on an ongoing basis.

Apply today and enjoy:

  • Credit Lines from $10,000 to $250,000
  • Perfect for recurring expenses
  • Only pay on the funds you use
  • Borrow up to 85% of your home’s value

To apply, contact a Loan Officer today at 800-742-5582 extension 5505 or request a callback. You can also download the application and send it completed to us by email at mortgages@democracyfcu.org or fax to 571-527-2333.

Mortgage Payment Calculator
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Calculations use lowest possible rate, and your rate and/or payment may differ.

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