Save $600 on your Mortgage at Fallsgrove!3
Achieve your dream home with Lafayette Federal.
Save $600 on your Mortgage at Fallsgrove!3
Homebuying made simple and easy.
Get your dream home and enjoy a $600 closing cost credit. Our mortgage loan offers are designed to help you save money and purchase your new home.3
Get $600 in Closing Cost Credits with a Mortgage3
With competitive mortgage rates, personalized service, and our 30-day close guarantee4, we’re committed to getting you into your new home quickly and with confidence.
Start
your homebuying journey and complete our secure online mortgage application and begin the process to your $600 offer.3
Meet
with a mortgage specialist and ensure we are building the mortgage that works for you. We’ll ensure everything is on track for your 30-day close guarantee.4
Close
with confidence once approved, finalize your mortgage and get the keys to your new home—all within 30 days! Plus, enjoy a $600 closing cost credit to make your move even sweeter.3
Frequently Asked Questions
Buying a home is one of the most exciting milestones in life, and we’re here to make the process as smooth and rewarding as possible.
Use this calculator to compare up to three different mortgage down payment options to find the one that works best for you.
By making extra payments on your mortgage you could build equity faster and reduce your amortization period, resulting in paying off your mortgage sooner, paying less interest overall and becoming an attractive risk for lenders.
Use this calculator to find out if you should consider making extra payments on your mortgage.
VantageScore® was founded by the 3 leading credit reporting agencies – Experian, Equifax, and TransUnion. This credit score model was developed by a representative team of statisticians, analysts, and credit data experts from each of the credit reporting companies, and is used by hundreds of institutions, including credit unions, banks, credit card issuers, and mortgage lenders. The VantageScore® 3.0, the score that is shown in SavvyMoney, is a newer and more popular version of VantageScore®. It is calculated on a scale of 300-850, with 300 being the lowest and 850 the highest score.
Your equity is determined by subtracting your mortgage balance from your home’s appraised value.
A HELOC is a line of credit secured by your home that gives you a credit line to use for expenses or debt consolidation. A HELOC is often less expensive than other forms of credit and allows homeowners a lower interest opportunity to leverage a valuable asset they already own — their home’s equity.
A HELOC is typically offered as a variable-rate product with a revolving credit line (similar to a credit card), but instead of using your credit score as a primary basis for approval, the amount you are eligible for is based on the amount of equity you have in your home. This means you can borrow against the line for a specific amount and pay it back over time. Additionally, you can continue to make payments toward the balance, opening up your available credit line each time you do so.
Not finding what you’re looking for? Contact us
Save More With These Offers
Your new Fallsgrove branch is here to support your journey with closing cost assistance for new home purchases and so much more.
Start with $200 in Your Pocket!1
Get a $200 checking account bonus in your account when you switch to Lafayette Federal. Enjoy smarter, hassle-free accounts designed to support your financial success.1
Get $300 in closing cost credits with a HELOC!2
Use your home equity to unlock possibilities. With a home equity line of credit you can upgrade your home, pay for education, or consolidate high-interest debt.
Put 4.33% APY6 in your pocket.
Earn 2x the national average7 with Lafayette Federal and take your savings to the next level with our high-yield certificates.
Visit The Fallsgrove Branch
Do more with your banking relationship at our Fallsgrove branch. Located in the heart of Rockville, Maryland our branch stands as a proud member of this vibrant community.
Lobby Hours
Monday to Friday: 8:30 a.m. – 4:00 p.m.
Saturday: 9:00 a.m. – 12:00 p.m.
Sunday: Closed
Contact
Phone: (301) 929-7990
Toll Free: +1 (800) 888-6560
Fax: (703) 639-1819
Due to processing delays caused by security restrictions, no mail is accepted at the Kensington Financial Service Center. Please send all mail to our Corporate Office.
Fallsgrove Team
View our Fallsgrove team below and schedule a call or meeting to get started.
Tip Fishburn
Mortgage Loan Officer
NMLS# 1518205
Cell: 202-819-1407
Office: 240-747-3173
Luis Macias
Branch Manager
Michelle Michel Ramirez
Membership Development Officer
Back to top Disclosures
$200 Checking Account Bonus Offer
¹Lafayette Federal membership is required. Offer is valid in-branch at the Fallsgrove Financial Service Center from February 1, 2025 through April 30, 2025. Member must open a Lafayette Federal checking account, debit card, online banking, and set up and maintain at least one (1) qualified direct deposit (QDD) of at least $500 per month to receive the $200. Qualified direct deposit is a recurring direct deposit of a paycheck, pension, Social Security or other periodic payment of at least $500 into a checking or savings account on a month-to-month basis made by an outside organization or agency. QDD must be established within 45 days of account opening. $200 will be deposited within 90 days of account opening. $50 minimum balance required to open and earn 0.10% APY (Annual Percentage Yield) on LFCU share savings account balances. Rates effective as of January 1, 2025.
Home Equity Line of Credit Disclosure
2Offer is valid February 1, 2025 through April 30, 2025. Credit valid on a Lafayette Federal HELOC only. Lafayette Federal membership is required. Loan approval subject to credit evaluation. Home Equity Lines of Credit are secured by your home. If you’re paying off an existing real estate loan, the Credit Union does not cover costs imposed by other lenders, if any. Rates and terms subject to change without notice. Loan approval subject to credit evaluation. $50 minimum balance required to open and earn 0.10% APY (APY=Annual Percentage Yield) on Lafayette Federal share savings account balances. $5 minimum balance required to open and earn 0.025% APY on checking balances over $25,000. Rates effective as of January 1, 2025. Your savings are federally insured to at least $250,000 by the National Credit Union Administration, an agency of the U.S. government.
Equal Housing Lender. NMLS#: 464425
Mortgage Disclosure
3Offer is valid February 1, 2025 through April 30, 2025. Credit valid on a Lafayette Federal mortgage loan only. Lafayette Federal membership is required. Loan approval subject to credit evaluation. Rates and terms subject to change without notice. Loan approval subject to credit evaluation. $50 minimum balance required to open and earn 0.10% APY (APY=Annual Percentage Yield) on Lafayette Federal share savings account balances. $5 minimum balance required to open and earn 0.025% APY on checking balances over $25,000. Rates effective as of January 1, 2025. Your savings are federally insured to at least $250,000 by the National Credit Union Administration, an agency of the U.S. government.
4Valid on purchases only. Guaranteed to close within 30 days of application or scheduled contract date, whichever is later. Guarantee is void if delay is caused by a member or party other than Lafayette Federal. $250 closing cost credit will be issued for each day beyond the eligible deadline ($2,000 maximum applies). Other restrictions may apply.
Equal Housing Lender. NMLS#: 464425
Certificate Disclosure
6APY= Annual Percentage Yield. Dividends are compounded and paid monthly on the first day of the next dividend period. IRAs are excluded from offer. Early withdrawal penalties will apply. Minimum to open a certificate is $500; maximum aggregate promotional certificate balance is $100,000 per member across all membership accounts. Certain fees and charges may apply to your share account as disclosed in the current Schedule of Fees. $50 minimum balance required to open and earn 0.10% APY (APY=Annual Percentage Yield) on Lafayette Federal share savings account balances. $5 minimum balance required to open and earn 0.025% APY on checking balances over $25,000. Rates effective as of January 1, 2025. Your savings are federally insured to at least $250,000 by the National Credit Union Administration, an agency of the U.S. government.
7Based on the national average for comparable deposit account rates as published in the FDIC Weekly National Rates and Rate Caps as of January 14th, 2025.
Your savings are federally insured up to $250,000 by the National Credit Union Administration, an agency of the U.S. government.
