Fixed or adjustable-rate mortgage loans to fit your needs!
Buying a home is a big deal. Whether it's your first home or your retirement home, this is one purchase that should never be taken lightly. Making wise choices now will pay off down the road.
We’ll take the mystery out of buying a home…and a bunch of the costs too! Plus, with our first time home buyers program, you’ll get all the help you need understanding your options. You’ll also receive:
A fixed rate mortgage provides you with the security of a monthly payment that doesn't change. Fixed rate loans are a secure way to ensure a stable payment and rate on your loan. By choosing a 30 year fixed rate loan, you will have the lowest monthly payment of all the fixed rate loans we offer.
An adjustable rate mortgage has a monthly payment that may change over the term of the loan.
Lafayette Federal is proud to offer two ARM Programs: our Equity Builder and Wealth Builder Mortgages. They were created to help meet the financial needs of our members. The premise behind our Equity Builder Mortgage was to link the borrowing member to relatively low and comparatively stable indexes, 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. It comes in in a 1 year variation that has the ability to adjust every year.
Our Wealth Builder Mortgage is based off the Treasury Constant Maturity Rate index and comes with longer adjustment periods. Our favorite is our 5 Year Wealth Builder Mortgage; it provides the security of a longer period while providing the other benefits associated with our other Lafayette Federal ARM Programs.
A Lafayette Federal Bridge Loan helps you bridge the gap between having the money to purchase the home of your dreams and selling your existing residence. If you’re under a time crunch to sell, a Bridge Loan, which leverages the equity of your current home, gives you the money you need for a down payment, allowing you to close on your new home without having to worry about selling your current home. The Bridge Loan is paid off with the proceeds of your current home (also known as your departing residence).
Available to eligible service members and backed by the Department of Veteran Affairs (VA). This fixed rate loan offers 100% financing, loan terms up to 30 years, and comes with no mortgage insurance (MI).
Insured by the Federal Housing Administration (FHA) and ideal for homebuyers seeking a low down payment. The loan program comes with fixed and adjustable rate options with loan terms up to 30 years.
Lafayette Federal HomeAdvantage® gives you the tools and expertise you'll need to find and finance your home while saving you time and money in the process!
Simple, single-point access to information you can trust, including online property listings, recent sales data, demographics, schools, crime statistics and more. Search ListingsOpens in New Window
When you use one of the agents in our network, you can earn Cash Rewards — an average of $3,000 in savings!** Calculate Your SavingsOpens in New Window
From Martinsburg, WV to Loudoun County, VA to Southern Maryland; we have partnered with a hand-picked network of real estate agents that are located all across the DC area. When ready, we can connect you with an agent in our network:
Get support anytime you need it. The HomeAdvantage Member Service Team is available seven days a week for help and guidance! Contact the Member Service Team
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You can call or email us to answer questions or get advice. Ready to close on your mortgage quickly? We can get your mortgage approved in minutes, rather than days or weeks! We offer free pre-approvals, so you can shop for your home knowing that you can afford the mortgage. Confused about which program to choose? We'll help you determine what's best for your situation. We're always just a call or email away!
Mortgage officers are based in our Corporate Office at 2701 Tower Oaks Boulevard, Rockville, MD 20852.
SVP Mortgage Lending
Learn more about Peter and contact him with questions or concerns.
Vice President – Mortgage Originations
Learn more about Jermaine and get pre-approved for your mortgage.
Mortgage Loan Officer
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Mortgage Loan Officer
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Learn more about Angelica and get pre-approved for your mortgage.
Mortgage Loan Officer
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Mortgage Loan Officer
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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. The process takes approximately 20 minutes to complete the application and if qualified, a decision can be made the same day you apply.
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.*
In addition to meeting income eligibility requirements, the homebuyer must:
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.*
In addition to meeting eligibility requirements, the homebuyer must:
Lafayette Federal can provide up to $10,000 per household for rehabilitation of an owner-occupied home located in "Major Disaster Declaration" areas as designated by the Federal Emergency Management Agency (FEMA).*
In addition to meeting the income eligibility requirements, the homeowner must:
As a special offering to the military community, Lafayette Federal can help eligible veterans or active-duty members of the U.S. military*, their spouses, or their surviving spouses access grant funds 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 $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.
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 officers will be happy to meet with you personally to discuss your financing options and take your loan application.
Lafayette Federal HomeAdvantage is a free member service that can help you buy, sell and save on your home.
Save $100s to $1,000s in Cash Rewards*
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