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Your Home Tells a Story
Our home loan options are designed to meet your needs.
Become a Homeowner
Getting started on your dream of home ownership is easy with Library of Congress FCU. Our team will help you find the perfect loan for your new home. Once you’re done with the pre-qualification, you can start house shopping.
With a home loan from Library of Congress FCU, you’ll discover low down payment options, terms of 15 or 30 years, competitive fixed or variable rates (call for daily rates and terms), and more.
- First-time homebuyer program
- Conventional, jumbo, and adjustable rate mortgages (ARMs)
- No points or prepayment penalties and below-market fees
- Borrow up to 90% of the value of the home – No PMI required
- Borrow up to 95% of the value of the home with approved PMI
- Available on homes in a multi-state area
Fixed-Rate vs. Adjustable-Rate Mortgages
Learn the differences and what works best for you?
| FIXED-Rate Mortgage Remains the SAME for the entire loan term |
ADJUSTABLE-Rate Mortgage (ARM) Starts fixed, then ADJUSTS based on market conditions |
| Predictable monthly payments throughout the loan | Monthly payments may increase or decrease over time |
| Typically, a higher interest rate than an adjustable-rate mortgage | Locking in a lower initial term rate for 3, 5 or 7 years |
| Lower risk due to payment stability | May be a long-term higher risk if rates rise over the term of the loan |
| BEST for homeowners planning to stay long term | BEST in a declining interest rate environment & for borrowers who intend to sell or refinance before the initial term expires |
| Easier to plan long-term housing costs | Requires flexibility for potential payment changes |
| Not affected by interest rate changes | Interest rate adjusts based on term length of loan and market conditions |
| We’re here to help, ontact us to help review what’s best for you – CLICK HERE -> | |
Inquire or Apply now
If you would like to apply for a purchase or refinance: CLICK HERE (skip the sign in option on the next page).
Inquire or Apply Now
Refinance and Save
Refinancing your home is easy with the Library of Congress FCU team on your side. Let us help you open the door to monthly savings and the chance to rekindle some love for your current home.
- Conventional, jumbo, and adjustable rate mortgages (ARMs)
- No points or prepayment penalties and below-market fees
- Closing costs that roll into your refinance to minimize your initial costs
- Borrow up to 90% of the value of the home – No PMI required
- Borrow up to 95% of the value of the home with approved PMI
- Cash-out and refinance options available
Members can have up to $850,000 total balance in combined real estate loans, including first and second trusts and home equity loans.
WIRE FUNDING FRAUD ADVISORY: If you have an escrow or closing transaction with us and you receive an email containing Wire Transfer Instructions, DO NOT RESPOND TO THE EMAIL. Call your LCFCU escrow officer/closer immediately at the credit union, using known contact information and NOT information provided in the email, to verify it is real before sending any funds or information.
What Our Members Are Saying
“I refinanced my mortgage we had with a bank and now I am saving $500 per month in payments!”
F.M., Member Since 2006
Featured Products and Services
Get Peace of Mind Home Protection
TruStage offers affordable, top-quality protection that helps defend your family’s financial future.
Tap into Your Home’s Equity
Our home equity options are designed to help you finance what you need.
Explore Other Loans
There are plenty of loan options available to meet your needs.