Fixed or adjustable-rate mortgage loans to fit your needs!Check Rates
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:
You served us, now allow us to serve you!
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.
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:
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.
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:
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.
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.
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.
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.
Want to start searching for that perfect home? The first step is to get a pre-approval letter to determine the best financing for you. You can submit an application and receive an automatic, pre-approval 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.
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:
Phone: (703) 425-1204‚ ext 136
Leave car buying stress in the dust with Lafayette Federal! Learn how to maximize your savings.
Find out how to save time and money
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*
Learn about Lafayette Investment Services and Retirement Solutions, through CUSO Financial Services, L.P.*
Access your investment portfolio