Mortgage Loans

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)

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.

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)

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