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Inauguration Day 2021

Wednesday, January 20, 2021: Inauguration Day – Democracy FCU will be open and operating business as usual.

Mortgage Loans

Mortgage Options

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.

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.

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.

    90% Loan-to-Value

    • No PMI (PMI = Private Mortgage Insurance)
    • Only 10% down to avoid mortgage insurance
    • Priced 0.25% above market

    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.


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

    HomeAdvantage Program


    The Loan With a One "Click" Rate Reset Feature

    If you’re tired of refinancing your mortgage to keep up with lower rates the HarmonyLoan is right for you. The HarmonyLoan™ is a unique mortgage loan offered by Democracy FCU through our mortgage partner Credit Union Mortgage Association.

    Take Advantage of Lower Interest Rates

    With a HarmonyLoan™ when interest rates fall, you manage your own rate-reset online.  A simple "click" locks in your new interest rate. You may be eligible to request a reset of your rate or the fixed rate period of your loan every 120 days.

    How Does the HarmonyLoan™ Work?

    • A simple "click" online  locks in new terms (interest rate & fixed period of ARM)
    • You only have to wait 6 months after closing before the first opportunity to "click" (reset rate)
    • After the first 6 months you can reset the rate every 120 days
    • Loan must be current with NO late payments in past 12 months
    • The reset must reduce the interest rate by at least 1/4%

    Eliminate Hassle and Cost

    The HarmonyLoan™ program resets your interest rate with No Points and No Closing Costs.  It’s fast, easy and affordable.

    Avoid Credit Risk

    When you refinance a traditional mortgage loan, the rate is based on your current financial situation. Changes in your situation—such as a job loss, salary reduction or significant purchase—can impact your ability to qualify for a refinance. With the HarmonyLoan™ as long as you pay on time, you can lower your rate instantly.

    Where is the HarmonyLoan™ Available?

    To find out more details about the HarmonyLoan™ call 703.647.7066.

    TruStage® Home Insurance Program

    There’s No Place Quite Like the Place You Call Home

    Your home is unique—just like you—and it holds your most treasured memories. Now that’s worth protecting. 

    The TruStage® Home Insurance Program helps you safeguard your house—and everything in it—with coverage underwritten by Liberty Mutual Insurance Company, including:
    • Potential savings for Democracy FCU members*
    • Covers damage or loss due to fire, weather, theft and more
    • 24/7 claims, even on holidays
    A Tradition of Strength
    TruStage is part of a heritage of faithful service to credit union members spanning more than 80 years. Over 20 million people have selected TruStage for AD&D, life, auto & home insurance
    and more.
    TruStage® Auto & Home Insurance Program is made available through TruStage Insurance Agency and issued by leading insurance companies. The insurance offered is not a deposit, and is not federally insured, sold or guaranteed by your credit union. Products and features may not be available in all states. Be sure to understand the complete details of coverage, including any exclusions and limitations. If your credit union enables this insurance program to be offered, it is entitled to compensation from TruStage Insurance Agency, LLC, PO Box 61, Waverly IA 50677-0061. A consumer report from a consumer reporting agency and/or motor vehicle report will be obtained on all drivers listed on your policy where state laws and regulations allow. Please consult your policy for specific coverages and limitations.
    *Discounts and savings are available where state laws and regulations allow and may vary by state. Certain discounts apply to specific coverages only. To the extent permitted by law, applicants are individually underwritten; not all applicants may qualify.
    © TruStage Insurance Agency 2018

    TruStage Insurance Agency. Home insurance savings you've been looking for. Designed for credit union members. Get a quote.

    Get a free quote today and help make sure the place you call home has the protection it deserves.


    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 fun, and more.

    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.

    Your Mortgage and Consumer Loan Officer

    Mortgage and Consumer Loan Officer Jules King has extensive knowledge and over the last 17 years has become very passionate about helping people achieve their home-ownership dreams. He will be there for you every step of the way to make sure you feel confident and informed, whether you are buying, refinancing or building. Jules is ready to help you understand your unique needs, discuss your options and help you make the most of your money!

    Jules Kind  Mortgage Loan Officer

    Phone: (703) 647-7063  
    Fax: (571)527-2333 
    Mail: Attn: Jules King c/o Democracy FCU, 
    400 N. Columbus Street, Alexandria, VA, 22314

    Request an Appointment Now