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Serving members worldwide since 1935.

Home Loans

  • First Time Home Buyer Program
  • Loans up to $3 million
  • Financing available in all 50 states

Fixed or adjustable-rate mortgage loans to fit your needs!

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Our Full Cost of Funds Spreadsheet

NMLS #464425

We make the mortgage process as easy as opening the door to your home!

First Time Home Buyers

We’ll take the mystery out of buying a home…and a bunch of the costs too!

With our first time home buyers program, you’ll get all the help you need understanding your options. You’ll also receive:

  • Lender credits that reduce your closing costs
  • Rate discounts that save you money long term
  • Up to 90% LTV without PMI
  • A minimum down payment of just 3%
  • Loans up to $636,150

Mortgage Payment Example

*APR=Annual Percentage Rate. Interest Rates for 30 year Fixed Rate mortgages as low as 4.000% (4.193% APR). Adjustable Rate Loan Programs available with interest rates as low as 3.500% (3.746% APR) with variable rate changing every five (5) years, 30 year repayment period. Rates as of April 1, 2017.* Monthly Payment does not include Insurance Premiums and Taxes. Actual Monthly Payment obligation will be higher. 360 monthly payments of $4.77 for every $1,000.00 borrowed.

FHA Loans

Whether you’re a first time home buyer or an experienced home owner, a FHA mortgage may be for you!

  • Low fixed rates
  • 30-year or 15-year terms available
  • Loan amounts up to $636,150
  • 3.5% down payment (down payment can be gifted)
  • Qualify for an FHA loan with less than perfect credit
  • Ability to roll closing costs into the home loan, up to maximum allowable for this product
  • Seller can contribute up to 6% toward closing costs
  • Loans are assumable
  • Streamlined Refinancing: Fast and low cost! (Appraisal not required)
Payment Example: Estimated monthly principal and interest payments of $5.00 per $1,000 borrowed for 360 months or 180 monthly payments of $8.00 per $1,000.00 borrowed at 4.25%/4.398% Annual Percentage Rate. Actual monthly payment will be higher as monthly payment above does not include required Insurances and taxes. Contact a Lafayette Federal representative for additional details, costs and restrictions associated with our mortgage loan products.

VA Loans

You served us, now allow us to serve you!

  • 0% down payment!
  • Lender Credits Available
  • Low Rates, 30-year and 15-year terms available
  • Qualify with less than perfect credit
  • No Private Mortgage Insurance Required
  • Previous Bankruptcy Considered
  • Seller can contribute toward closing costs
  • Loan amounts up to $636,150
  • Streamlined Refinancing: Fast and low cost! (Appraisal not required)
Loan Example: Estimated monthly principal and interest payments of $5.00 per $1,000 borrowed for 360 months or 180 monthly payments of $8.00 per $1,000.00 borrowed at 4.25%/4.398% Annual Percentage Rate. Actual monthly payment will be higher as monthly payment above does not include required Insurances and taxes. Lafayette FCU reserves the right to change or cancel loan programs and/or terms at any time without notice. Restrictions apply. Must meet underwriting eligibility for approval. Contact LFCU representative for loan cost details, and other important credit information.
For every VA Loan closed, Lafayette Federal will make a donation to the Wounded Warriors Project.

Equity Builder Loans

The Equity Builder Mortgage is an ARM that was created by us to meet the financial needs of our members. The premise behind our Equity Builder Mortgage was to link the borrowing member to our relatively low and comparatively stable cost of funds index, thereby providing the member with a low and historically stable mortgage rate and generally reducing the amount of interest paid relative to other ARM loans during the life of the loan.


First-Time Homebuyer Purchase Assistance

To help you get started on solid footing, Lafayette Federal can assist first-time homebuyers in accessing matching funds for the down payment and closing costs incurred when purchasing a home. For every $1 you contribute to your home purchase, you can receive $4 in matching funds, up to $5,000. Funding is available to qualified first-time homebuyers.1

In addition to meeting income eligibility requirements, the homebuyer must:
  • Contribute at least $1,000 toward the purchase of the home
  • Occupy the home as a primary residence for at least five years
  • Complete a homebuyer education and financial literacy course specified by FHLBank Atlanta




1First-time Homebuyer Product is a product of the Federal Home Loan Bank of Atlanta. Household income restrictions and other requirements apply. Please see Federal Home Loan Bank of Atlanta’s Affordable Housing Program Implementation Plan at www.fhlbatl.com for complete product requirements.

Community Partner Purchase Assistance

Lafayette Federal can assist current or retired law enforcement officers, educators, health care workers, firefighters, and other first responders in accessing matching funds for the down payment, closing costs, and rehabilitation costs incurred when purchasing a home. For every $1 you contribute to your home purchase, you can receive $4 in matching funds, up to $7,500.

Funding is available to qualified borrowers that meet product and income eligibility requirements, including first-time homebuyers or families and individuals that currently own a home or have previously owned a home.2 

In addition to meeting eligibility requirements, the homebuyer must:
  • Contribute at least $1,000 toward the purchase of the home
  • Occupy the home as a primary residence for at least five years
  • Complete a homebuyer education and financial literacy course specified by FHLBank Atlanta




2Community Partners Product is a product of the Federal Home Loan Bank of Atlanta. Household income restrictions and other requirements apply. Please see Federal Home Loan Bank of Atlanta’s Affordable Housing Program Implementation Plan at www.fhlbatl.com for complete product requirements.

Veterans Purchase and Rehabilitation Assistance

As a special offering to the military community, Lafayette Federal can help eligible veterans or active-duty members of the U.S. military3, their spouses, or their surviving spouses access grant funds to pay for accessibility improvements or energy-efficient upgrades to a home or to provide down-payment, closing-cost, and principal reduction assistance for the purchase of a home to be occupied as a primary residence. No matching funds from the homeowner or homebuyer are required.

Home Rehabilitation Funding:

Up to $15,000 for energy efficiency, weatherization, and accessibility improvements of an owner-occupied home. Eligible improvements include exterior ramps and sidewalks, bathroom and kitchen renovations, door widening, floor replacement, exterior doors, heating and air conditioning systems, insulation, roof, windows, low-flow plumbing fixtures, and more.

Home Purchase Funding:

Up to $10,000 for the purchase or purchase and rehabilitation of a home to be occupied as a primary residence. Veterans, their spouses, or their surviving spouses who are first-time homebuyers or who currently own or have previously owned a home may be eligible. Income and other eligibility requirements apply.

3The Veterans Products are products of the Federal Home Loan Bank of Atlanta and are available to veterans or active-duty members of any branch of the U.S. military, their spouses, or their surviving spouses. National Guard Reservists are eligible if they have served in active duty or performed services in active duty or were injured in active duty. Please see Federal Home Loan Bank of Atlanta’s Affordable Housing Program Implementation Plan at www.fhlbatl.com for complete product requirements.

Already know that you want to apply? Apply now and fill out a no-obligation mortgage application. Submit the application online and receive an automatic decision on your loan request in approximately 30 seconds. You’ll also receive your loan disclosures such as your Good Faith Estimate and Truth-In-Lending online to view and print.

Benefits of applying:
  • You can now receive 30 second automatic loan approvals;
  • Receive your loan disclosures online to view and print—no more waiting for the mail;
  • Get closing cost estimates for properties located anywhere in the United States;
  • View simultaneous loan rate/payment comparisons for ALL of our loan products;
  • Sign up to receive automatic interest rate updates with "Rate Watch";
  • Obtain detailed information from your loan officer on what to expect throughout your loan process

Want to start searching for that perfect home? The first step is to get a pre-qualification letter to determine the best financing for you. You can submit an application and receive an automatic, pre-qualification letter that you can take to your realtor. The process takes approximately 20 minutes to complete the application and if qualified, a decision can be made within 30 seconds.

Credit Union Title, LLC brings a unique style to the title business by providing services that make your settlement smooth and efficient. Our fully compliant title company is up to date on all available technology. We pride ourselves in providing excellent customer service and maintaining long lasting relationships with our borrowers, credit unions, mortgage lenders and real estate agent clients. Our company has been vetted by independent 3rd party companies with complete success. Credit Union Title, LLC, is owned by Preferred Business Xchange, LLC, a wholly-owned subsidiary of Lafayette Federal Credit Union. We serve the District of Columbia area as well as all of Maryland and Virginia. For more information, visit www.credituniontitle.org.

Want to estimate your closing costs?

Get a Quick Quote

Tired of having to look for the information that you need? Let us send it directly to you. We can now keep an eye on rates for you and notify you when our rates are getting close to your target rate. Sign up for Rate Watch and have rates emailed to you daily, weekly or monthly on all of our products or just the products that interest you. It’s a free service that keeps in on top of the mortgage industry without having to do the work!

We offer a variety of financing options for owner and non-owner-occupied units at River Place in Arlington, Virginia. We offer financing not only for purchases but also for rate/term refinances with cash-out options available. You can apply online or, if you prefer, our loan originators will be happy to meet with you personally to discuss your financing options and take your loan application. When it’s time to settle your loan, you’ll have the benefit of using our in-house settlement company, Credit Union Title, LLC, and will have the options of settling your loan at our office, your office or your home.

Get our Special Rates for River Place

For more information and current rates contact:

Tony Miller
Phone: (703) 425-1204‚ ext 136
Email: tmiller@cumortgage.net

Have Questions? Just ask.
Apply Now

Our Full Cost of Funds Spreadsheet

NMLS #464425

*APR = Annual Percentage Rate. 3.746% APR quoted is based on a 1-year ARM loan with a maximum LTV of 80%, minimum 700 credit score, applicant with qualified direct deposit** and Lafayette Federal checking account, owner-occupied property and a loan amount of up to $424,100 - $636,150. The Equity Builder loan uses the Credit Union’s cost of funds as its index and the interest rate cannot go up or down more than 1% per adjustment for the 1/1 ARM product and 2% for the 3/3 ARM and 5/5 ARM. Escrow for taxes and insurance is required. Borrowers must meet eligibility requirements to join the credit union. Not all applicants will qualify. Other program terms available. Rate can be affected by other terms and pricing. This offer is subject to change and can be discontinued without notice. **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 account on a month-to-month basis made by an outside organization or agency. ***Excludes prepaids, e.g. escrow and prepaid interest, discount points, or any portion of the down payment. Borrower can take advantage of only one (1) closing costs option per loan. HELOCs and 2nd trust mortgages excluded from the no closing cost option.
  • Debit Card Transaction

    Stop carrying around cash and upgrade to a Mastercard® Credit Card.


    Safe, convenient, customizable

  • First Trust Mortgages

    If you're buying a home or just looking to refinance and lower your rate, you’ll enjoy a quick and easy process.

    Rates as low as 3.043% APR*

  • Investment Services

    Learn about Lafayette Investment Services and Retirement Solutions, through CUSO Financial Services, L.P.*

    Access your investment portfolio