facebook pixel Skip to main content

Google PlayApple Store
Serving members worldwide since 1935.

Mortgage Loans

  • First Time Home Buyer Programs
  • Loans up to $3 Million
  • Financing Available in All 50 States

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

Have Questions?

Video: What to Expect Beginning to End

Schedule a Call or Meeting

Historical Cost of Funds Opens in New Window
Mortgage Checklist for ApplicantsOpens in New Window

Tips for Buying a Home

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.

Check Out Our Home Buying Resources

Special Update for Mortgage & Home Equity Applicants

Due to a high volume of applications, it may take us longer than normal to respond. We're working to process applications to the best of our ability. Thanks for your patience.

Additionally, due to the current economic environment, some of our loan programs and features are temporarily unavailable. Please speak with a Loan Officer for more information.

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

Choose from a Variety of First Mortgages

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:

  • Rate discounts that save you money long term
  • Loan options with down payments as little as 3%
  • Loans up to $3,000,000

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.

Bridge Loans

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).

  • Financing up to 80% Loan-to-Value (LTV) on your current home
  • Treated like a first mortgage refinance
  • 12 month balloon
  • Monthly payments are optional – but not required – interest accrues and balance is due at maturity or payoff (whichever comes first)

Lafayette Federal and You — A Homebuying Match in Heaven

Find out what to expect from beginning to end during the mortgage process.

Lafayette Federal HomeAdvantage®

Take advantage of this exclusive, free member service that can help you search, buy, sell and save on your next home.

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!

Start your Search

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

Earn HomeAdvantage Cash Rewards

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:

  • Ken Abramowitz, RE/MAX Town Center, Germantown, MD (English)
  • Damian Buckley, Compass, Bethesda, MD (English, Spanish and French)
  • Butch Cazin, Long and Foster Realtors, Martinsburg, WV (English and Tagalog)
  • Sam Chim, Bankable Realty, Rockville, MD (English, Spanish, and Vietnamese)
  • Jill Crofcheck, MDC Realty, Dunkirk, MD (English)
  • Arturo Cruz, Keller Williams Realty, Ashburn, VA (English, Spanish, Portuguese, French, and Italian)
  • Carlos Espinoza, RE/MAX Realty Group, North Potomac, MD (English and Spanish)
  • Jennifer Kelly, RE/MAX Allegiance, McLean, VA (English)
  • Pia Reyes, Coldwell Banker Residential Brokerage, Washington, DC (English and Tagalog)
  • Jay Rowzie, Living Realty, Ashburn, VA (English)
Looking for an agent out of area? Browse the HomeAdvantage Nationwide DirectoryOpens in New Window

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 TeamOpens in New Window

Calculate Your Payment and More

Choose Your Mortgage Loan Officer

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.

Peter Benjamin

Peter Benjamin

SVP Mortgage Lending
NMLS #408105
Office: 240-292-5361

Learn more about Peter and contact him with questions or concerns.

Schedule a Call or Meeting
Jermaine Medley

Jermaine Medley

Vice President – Mortgage Originations
NMLS #740025
Office: 240-747-2471
Cell: 240-620-7839

Learn more about Jermaine and get pre-approved for your mortgage.

Schedule a Call or Meeting
Allieu Jallow

Alieu Jallow

Mortgage Loan Officer
NMLS #189814
Office: 240-292-5367
Cell: 202-568-0146

Learn more about Alieu and get pre-approved for your mortgage.

Schedule a Call or Meeting
Angelica Garcia

Angelica Garcia

Mortgage Loan Officer
NMLS #1436145
Office: 240-292-5543
Cell: 202-568-0267

Se Habla Espanol

Learn more about Angelica and get pre-approved for your mortgage.

Schedule a Call or Meeting
Glen Cook

Glen Cook

Mortgage Loan Officer
NMLS #1997390
Office: 240-747-2465
Cell: 202-941-8571

Learn more about Glen and get pre-approved for your mortgage.

Schedule a Call or Meeting
John Kaneshige

John Kaneshige

Mortgage Loan Officer
NMLS #431328
Office 240-292-5541
Cell: 202-308-8386

Learn more about John and get pre-approved for your mortgage.

Schedule a Call or Meeting
Patricia Ebbert

Patricia Ebbert

Mortgage Loan Officer
NMLS #453616
Office: 240-292-5366
Cell: 202-313-1776

Learn more about Patricia and apply for your home equity product.

Schedule a Call or Meeting

*APR = Annual Percentage Rate. Your APR may vary. Rates subject to change. Must be eligible for membership. The rates provided are based on a variety of conditions which include consumer credit score which may be higher or lower than the individual score. Your loan’s interest rate will depend on the specific loan type and characteristics of your loan transaction and your credit history up to the time of closing. The interest rates are not a replacement for a Loan Estimate and all information presented is subject to change at any time. APR values for mortgage loans assume average closing costs associated with the transaction and may not include additional costs required by loan type (e.g., VA Funding Fee and Private Mortgage Insurance). Actual rates may be obtained by contacting a Lafayette Federal Credit Union Loan Officer. Adjustable rate mortgage products are based on Lafayette Federal’s Cost of Funds Index (COFI), London Interbank Offered Rate (LIBOR), or the Constant Maturity Treasury Rate (CMT). Must be eligible for membership and all borrowers must become a member prior to consummation. $50 minimum balance required to open and earn 0.10% APY** on Lafayette Federal share savings account balances. $5 minimum balance required to open and earn 0.025% APY** on Lafayette Federal checking account balances. **APY=Annual Percentage Yield. Rates are subject to change without notice. Your savings are federally insured to at least $250,000 by the National Credit Union Administration, an agency of the U.S. government. Contact a Lafayette Federal representative for loan details and restrictions. NMLS #464425. ***Cash Rewards are awarded through the HomeAdvantage program to buyers and sellers who select and use a real estate agent in the HomeAdvantage network. Home buyers or sellers are not eligible for Cash Rewards if they use an agent outside this network. Cash Rewards amounts are dependent on the commissions paid to the HomeAdvantage network agent. Obtaining a mortgage or use of any specific lending institution is not a requirement to earn Cash Rewards. If you are obtaining a mortgage, your lender may have specific rules on how Cash Rewards can be paid out. Cash Rewards are available in most states; however, are void where prohibited by law or by the lender. Please consult with your lender for details that may affect you. NMLS 464425
HOME MORTGAGE DISCLOSURE ACT (HMDA) NOTICE: The HMDA data about our residential mortgage lending are available online for review. The data shows geographic distribution of loans and applications; ethnicity, race, sex, age and income of applicants and borrowers; and information about loan approvals and denials. HMDA data for many other financial institutions are also available online. For more information, visit the Consumer Financial Protection Bureau's websiteOpens in New Window.
  • atm-cash-withdrawal

    Our members have access to Co-Op Network Shared Branches & ATMs for all basic transaction needs.

    Access branches and ATMs nationwide

  • Home Advantage Family on porch

    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*

  • Woman in New Car

    Dreaming of a new ride? Let us finance your next new, used, or fuel-efficient vehicle.

    Rates as low as 2.375% APR*