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Andrews Federal Credit Union
  1. Home
  2. Borrow
  3. Home Loans

Mortgage Loans

Your new home is only a few steps away.
  • Low rates on several different mortgage types
  • Access to a network of pre-approved real estate agents
  • Earn a rebate at closing1
  • Reduced down payment options available
  • Special loan opportunities for military members

You need to make some decisions. We can offer some friendly guidance.

If you're buying a home, this is an exciting time. But learning what's on the market can be an exhausting process. Our Home Center can point you in the right direction, with its extensive lists of properties and experienced agents. Our lending professionals can help you choose a low-cost mortgage you can happily live with for years to come.  

Mortgage Rate Float Down Option

New! A new savings option now available for conventional first mortgages and refinances.

Fixed-Rate Mortgages

Lock in your principal payment and interest rate

It's the ideal loan for people who don't like surprises. Your principal payment and interest rate won't change one bit, regardless of market conditions over the next decade, or two, or three.

  • Choice of loan lengths: 10, 15, 20 or 30 years
  • Borrow up to 95% of the home's value
  • Refinance your existing loan to save on interest charges or reduce monthly payments

CHECK RATES

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Adjustable-Rate Mortgages

A little flexibility can offer a lower monthly payment

  • Loan amounts up to $1,000,000
  • Borrow up to 95% of the home's value
  • Caps prevent the interest rate from increasing too much after the initial 5-, 7- or 10-year period
  • Refinance your existing loan to save interest charges or reduce monthly payments
  • Lower interest rates for the first 5, 7 or 10 years
Apply Now

Jumbo Home Loans

The perfect loan for higher housing costs

  • Loan amounts from $484,350 to $1 million
  • Borrow up to 90% of the home's value
  • Refinance your existing loan to save interest charges or reduce monthly payments
Apply Now

First-Time Home Buyers

Make your dreams a reality with a lower down payment

  • Make a down payment as low as 3% of the cost of your new home
  • Apply for Federal Home Loan Bank Grants of up to $5,000. (Money can be used for a down payment, closing costs, and/or reducing the principal on your mortgage.)
  • Choose between loans that require personal mortgage insurance (PMI) and those that don't
  • Refinance your existing loan to save interest charges or reduce monthly payments
Apply Now

VA and FHA Loans

Regardless of your situation we can help you become a home owner

  • A VA fixed mortgage allows qualified veterans and active military to purchase a new home with no down payment and provides the security of a monthly payment that won't change.
  • The Federal Housing Administration allows qualified borrowers to purchase a new home with a minimum of 3.5% down payment and the security of a monthly payment that won't change.
  • Refinancing options available for both VA and FHA loans
Apply Now

Learn more about the home buying process

Fannie Mae HomeView™

The journey toward homeownership can be a thrilling experience. It can also be filled with lots of questions and maybe more than a little uncertainty. That’s why we’re excited to provide Fannie Mae HomeView, a free homebuyer education course that guides you along each step. Take a closer look at various topics, including saving for a home, shopping for a home with an agent, understanding the lending process and much more. Completing this course also fulfills the first-time homebuyer requirements for programs such as the HomeReady program. Discover everything you can learn through Fannie Mae HomeView.

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Freddie Mac CreditSmart® Homebuyer U

Increase your knowledge of the homebuying process to reach a higher degree of understanding through Freddie Mac CreditSmart Homebuyer U. This free resource offers invaluable guidance and satisfies the homebuyer course requirement for the HomePossible program. Tap into a tailored experience with various tools and trackers that provide a closer look at everything that goes into buying a home.

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STILL HAVE QUESTIONS?

No, you are welcome to apply for a loan before you've become a member. Once you've been approved for the loan, membership is required($5 minimum in Savings) for the loan to be disbursed.

There are a variety of ways to qualify for membership at Andrews Federal.  To see the full list of eligibility requirements, click on "Membership" at the top or bottom of the home page.

You should call our Contact Center at 800-487-5500 to make an escrow payment.

See All FAQs

Auto Smart

Scope out a brand new set of wheels and enhanced peace of mind.

View our Auto Smart car selection.

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Andrews Federal Credit Union is a full-service financial institution with stateside locations in Washington, D.C., Maryland, Virginia and New Jersey, as well as overseas locations in the Netherlands, Belgium and Germany.